Woodland Hills Townhomes
600 Sherwood Circle | Connellsville, PA 15425
Autumn Chase Townhomes
310 SW Engadine Ct | Sugarcreek, OH 44681
Trimble Trail Apartments
1 Glouster Glen Rd | Glouster, OH 45732
Sheridan Green Townhomes
250 N Columbus St | Somerset, OH 45783
Lake Breeze Townhomes
4256 Walnut Rd | Buckeye Lake, OH 43008
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Ohio & Pennsylvania 164 Portfolio
164 Total Units
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Portfolio Offering – Five Apartment Communities totaling 2,098 units The excellent maintenance and physical condition, competitive amenities, beautiful settings and prominence in each marketplace ensure the long-term viability and performance of each asset. The properties are offered individually or as a portfolio, allowing an investor to strategically acquire select assets or gain economies of scale with a portfolio acquisition.
Clear Path for Immediate Value Creation The Portfolio provides investors with a straightforward value-add opportunity to acquire assets that have immediate and tangible upside. Given the delta between in-place and market rents, current occupancy levels, and existing interior finishes, a new owner is ideally positioned to step in and reposition the assets with multiple directions for upside appreciation.
32 UNITS
64 UNITS
20 UNITS
16 UNITS
Lake Breeze Townhomes in Buckeye Lake, Ohio, is approximately 30 miles east of Columbus, OH. This property includes 20 two-story townhomes. Buckeye Lake is renowned for its recreational offerings, such as boating, fishing, and swimming, attracting visitors for various water-related activities. The population within a five-mile radius is projected to grow by 4.4% over the next five years, surpassing the Columbus metro’s 3.1% and Licking County’s 3.5%. The median household income (HHI) within this radius was $76,465 in 2024, expected to increase by 14% by 2029, supported by a sophisticated workforce with 60% in white-collar positions. The submarket has seen a 5.5% year-over-year growth in effective rent, maintaining an average occupancy rate of 95.6%.
The Asset
4256 Walnut Rd
Buckeye Lake, OH
Licking
074-343956-00
20
1977
2
3
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Built
Buildings
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260 E. Brown Street, Ste 150 Birmingham, MI 48009 Phone: 248.646.7701 Berkadia.com
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Scott Wilkie
Managing Director 614.468.5811 scott.wilkie@berkadia.com
Rick Brace
Senior Director 248.341.3319 rick.brace@berkadia.com
Conor David
Director 614.796.0222 conor.david@berkadia.com
EJ Wujek
Associate Director 248.341.3316 ej.wujek@berkadia.com
Kevin P. Dillon
Senior Managing Director 248.341.3309 kevin.dillon@berkadia.com
Corey Krug
Senior Director 248.341.3338 corey.krug@berkadia.com
Jason Krug
Senior Managing Director 248.341.3344 jason.krug@berkadia.com
KEY TAKEAWAYS Five-Mile Radius Target Market Area (TMA) POPULATION GROWTH 4.4% OVER NEXT FIVE YEARS MEDIAN HHI INCREASE BY 14% BY 2029 WHITE-COLLAR POSITIONS 60% of WORKFORCE EFFECTIVE RENT 5.5% Y-O-Y GROWTH AVERAGE OCCUPANCY 95.6%
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Site Size / Acreage
1.31 acres
18,000 SF
Total SF
900 SF
Average Unit SF
$0.76
Average In-Place Rent/SF
Pitched, Composite Shingles
Roofs
Siding
Exteriors
Rick Vidrio
Managing Director 248.341.3325 rick.vidrio@berkadia.com
Evan Ballmann
Associate Director 614.468.5818 evan.ballmann@berkadia.com
6555 Longshore Street, Suite 280 Dublin, OH 43017 Phone: 614.468.5805 Berkadia.com
COLUMBUS OFFICE
250 N Columbus St
Somerset, OH
Perry
32000510000 32000650000
16
1.23 acres
14,400 SF
KEY TAKEAWAYS Five-Mile Radius Target Market Area (TMA) POPULATION GROWTH 2.5% OVER NEXT FIVE YEARS MEDIAN HHI $69,862 WHITE-COLLAR POSITIONS 54% OF WORKFROCE EFFECTIVE RENT 5.5% Y-O-Y GROWTH AVERAGE OCCUPANCY 95.6%
Sheridan Green Townhomes in Somerset, Ohio, is located about 45 miles southeast of Columbus, OH. This property features 16 two-story townhomes. Somerset, one of Perry County’s oldest settlements, boasts historic buildings and landmarks reflecting its rich past. Nestled in a scenic area characterized by rolling hills and rural landscapes, Somerset’s population within a 5-mile radius is expected to grow by 2.5% over the next five years, outpacing Perry County’s 2.3% growth. The median HHI in this radius is estimated at $69,862, with 54% of the workforce in white-collar positions. The submarket has experienced a 5.5% year-over-year growth in effective rent, with an average occupancy rate of 95.6%.
1 Glouster Glen Rd
Glouster, OH
Athens
M040010003300 M040010003200
32
3.13 acres
4
28,800 SF
KEY TAKEAWAYS Five-Mile Radius Target Market Area (TMA) POPULATION 5,826 MEDIAN HHI INCREASE BY 10.8% BY 2029 WHITE-COLLAR POSITIONS 47% OF WORKFORCE EFFECTIVE RENT 6% Y-O-Y GROWTH AVERAGE OCCUPANCY 97.2%
Trimble Trail Apartments in Glouster, Ohio, is about 75 miles southeast of Columbus. This property consists of 32 two-bedroom garden apartments. Located in the Appalachian region, Glouster is surrounded by rolling hills and lush forests, offering outdoor activities like hiking and fishing. The Athens metropolitan area, with a rich coal mining history, has seen over 6% year-over-year growth in effective rent and a 97.2% occupancy rate. The median HHI within a 5-mile radius is $53,110, expected to grow by 10.8% in the next five years, exceeding Athens’ 9.4% growth. Trimble Trail Apartments is less than 20 miles from Ohio University in Athens, OH, whose School of Nursing ranked #1 among Nursing schools in Ohio in 2025.
310 SW Engadine Ct
Sugarcreek, OH
Tuscarawas
58-01083-000
2.60 acres
$0.92
KEY TAKEAWAYS Three-Mile Radius Target Market Area (TMA) POPULATION GROWTH 3.1% OVER NEXT FIVE YEARS MEDIAN HHI INCREASE 15.7% OVER NEXT FIVE YEARS WHITE-COLLAR POSITIONS 23% OF WORKFORCE EFFECTIVE RENT 2.9% Y-O-Y GROWTH AVERAGE OCCUPANCY 93.0%
Autumn Chase Townhomes in Sugarcreek, Ohio, comprises 32 two-story townhomes, located about 100 miles northeast of Columbus. Known as the “Little Switzerland of Ohio,” Sugarcreek celebrates its Swiss heritage with architecture, cultural events, and festivals. The village attracts tourists with its charming downtown, specialty shops, and attractions like the World’s Largest Cuckoo Clock. The median HHI within a 3-mile radius is $76,589, over $10,000 above the Tuscarawas County median, and is expected to grow by 15.7% in the next five years. Population growth is projected at 3.1% over the next five years, contrasting with a 0.2% decline in Tuscarawas County. Additionally, 35% of households earn $100,000 or more annually, compared to 27% in the county.
600 Sherwood Circle
Connellsville, PA
Fayette
04310002
64
5.32 acres
9
57,600 SF
$0.77
Average In-Place Rent / SF
KEY TAKEAWAYS Three-Mile Radius Target Market Area (TMA) POPULATION GROWTH 13,777 MEDIAN HHI INCREASE 9.2% OVER NEXT FIVE YEARS WHITE-COLLAR POSITIONS 56% OF WORKFORCE EFFECTIVE RENT 0.5% Y-O-Y GROWTH AVERAGE OCCUPANCY 96.7%
Woodland Hills Townhomes in Connellsville, PA, is located about 200 miles east of Columbus and 50 miles south of Pittsburgh, PA. This property includes 64 two-story townhomes. Ownership has recently introduced a coin-operated laundromat at the property, featuring four new washing machines and dryers. Situated along the Youghiogheny River, Connellsville is part of the Laurel Highlands, known for its natural beauty and outdoor recreational opportunities. The river offers fishing, kayaking, and other water activities. Connellsville is a key stop along the Great Allegheny Passage, a popular rail-trail for cyclists and hikers. Historically significant for transportation and commerce due to its location along major rail lines, Connellsville’s median HHI is projected to increase by 9.2% over the next five years, reaching $60,180 by 2029. The city has a high concentration of renters, with 29% of housing units renter-occupied, compared to 23% in Fayette County and 27% in Metro Pittsburgh. Fayette County home values have increased by 16.2% annually.
