Advance in-place rents toward the comparable-set average, where The Arbaugh is positioned at a 36% discount despite offering materially larger average unit sizes. 

Execute focused leasing and resident-retention initiatives to improve on income generating operations and convert vacancy into durable revenue growth. 

Acquire a 48-unit historic-loft community whose high ceilings, exposed brick, large windows, and modern interiors create a product experience that conventional new construction cannot readily replicate.

Position ahead of the $317 million New Vision Lansing redevelopment and planned UM Health-Sparrow surgery center, which are expected to expand downtown density, activity, and institutional investment. 

Pursue stabilization within a market backdrop of zero apartment deliveries in 2025 and just nine deliveries through the first half of 2026, supporting a more favorable environment for leasing velocity and rent growth. 

Align the asset with Lansing–East Lansing’s 5.2% year-over-year effective-rent growth and 97.1% metro occupancy, reinforcing the long-term revenue case for well-located rental housing. 

Evaluate selective unit upgrades that further elevate the resident experience while preserving the historic character and modern finishes that distinguish The Arbaugh from standardized downtown alternatives. 

Offer residents immediate access to Downtown Lansing’s employers, government offices, transit, restaurants, entertainment, and cultural amenities from a centrally located historic residential asset.

Capture ancillary revenue through 76 on-site parking spaces, including 41 garage spaces: a scarce downtown amenity.