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BERKADIA ST. LOUIS OFFICE
101 S. Hanley Road, Suite 550 St. Louis, MO 63105
PEAK REAL ESTATE PARTNERS
8700 State Line Road, Suite 300 Leawood, KS 66206
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Springfield, MO, is currently the #1 market for SFR investment homes, and this Portfolio offers the unparalleled opportunity to establish an immediate and commanding presence by owning 62% of the SFR stock in this high-demand market. The increase in pricing for for-sale homes has increased so much over the last few years to the point where first-time and even second-time home buyers cannot afford to take the next step up. 92% of the housing stock in Springfield is single family residential homes (for sale homes; not rental homes). Yet, homeownership declined by 17% from 2010 to 2020 due to the surge in pricing. Current residential zoning is a major contributor to this lack of housing diversity. With the homeownership rate sitting at just 42%, there are significantly more renters in Springfield, MO than homeowners, yet there is a significant shortage of rental properties. The potential of controlling the majority of SFR homes in a high-growth market where rental demand is soaring and supply is limited is a golden opportunity. It allows an investor to secure a significant foothold in a rapidly growing market where residents not only prefer renting versus owning, but have no other option but to rent given the spike in for sale home prices.
Berkadia Real Estate Advisors and Peak Real Estate Partners are thrilled to present the exclusive offering of the Springfield SFR Portfolio (the “Portfolio”). Comprised of 209 single-family rental (SFR) homes in the vibrant and rapidly growing market of Springfield, MO, this offering is an incredibly rare and lucrative investment opportunity.
Springfield's robust market fundamentals, characterized by strong rental demand, limited supply, and continuous population growth, make this offering even more compelling. This is a once-in-a-cycle opportunity to acquire a substantial and strategically positioned portfolio in the leading market for SFR investments at a steep discount. Berkadia and Peak Real Estate Partners welcomes the opportunity to provide more details upon request.
Portfolio Summary
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95 Sites
Beth MHP
6000 Beth Ave. Canton, OH
157 Sites
Woods MHP
4689 Burkhardt Ave. Dayton, OH
408 Sites
Sunny Acres
3543 Needmore Rd. Dayton, OH
209 SINGLE-FAMILY RENTAL PORTFOLIO
LOCATED IN THE #1 RANKED MARKET IN THE U.S. FOR SFR INVESTORS, SPRINGFIELD MISSOURI
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raplh depasquale
Managing Director
312.845.8572 ralph.depasquale@berkadia.com
LONG-TERM INVESTMENT DURABILITY WITH SIGNIFICANT RENTAL UPSIDE TO NEW OWNER
01
There is a substantial opportunity to enhance value through the continuation of the current owner's successful renovation program. Current ownership’s strategy, in addition to market fundamentals, have proven to increase rental income and property values while offering a clear path to increased profitability.
IMMEDIATE MARKET PRESENCE IN HIGH DEMAND MARKET
02
Acquiring the Springfield SFR Portfolio presents an uncanny opportunity to establish an immediate presence of 209 SFR homes in one of the fastest-growing markets in the region.
HIGHLY ATTRACTIVE INVESTMENT BASIS
03
The Portfolio is available at a highly attractive basis with significant going-in cash flow. Due to internal partnership disputes with the current ownership structure, the head decision maker is motivated to sell and move on to his next project.
EXCEPTIONAL MARKET FUNDAMENTALS
04
Springfield boasts robust market fundamentals, characterized by continuous growing demand for rental properties and a limited supply of single-family rentals.
BENEFITS OF SINGLE-FAMILY RENTALS (SFR)
05
Single-Family Rentals typically attract a higher-income tenant base, leading to rents that are 20-25% higher than those of conventional multifamily communities. Additionally, these properties experience lower turnover costs and benefit from a more stable tenant base, which is increasingly drawn to low-density housing options.
The demand for single-family rental properties is on the rise, driven by strong year-over-year rental growth and a shift in consumer preference towards more spacious, private living options. This trend underscores the potential for high returns on investment in this asset class.
GROWING INVESTOR DEMAND
06
LOCATION
PHOTO GALLERY
PAT GARLICH
Director
314.984.5536 pat.garlich@berkadia.com
CORTNEY MAULDIN
Managing Director
314.322.3463 cortney.mauldin@berkadia.com
KEN ASTON
Managing Director
314.984.5590 ken.aston@berkadia.com
MO# 00248076
ANDREA KENDRICK
Managing Director
314.984.5591 andrea.kendrick@berkadia.com
MO# 2007030450
KEVIN KOZMINSKE
Senior Managing Director 314.984.5514 kevin.kozminske@berkadia.com
KEVIN JURY | PEAK REAL ESTATE
Vice President 816-260-5369
kjury@peakrealestatepartners.com
BOBBY MILLS
Senior Director
314.984.5505 bobby.mills@berkadia.com
MO # 2016004086
