♦♦ Opportunity to Acquire a 268-Unit Apartment Community Located in Silver Springs (Ocala), Florida Well Below Replacement Cost

♦♦ Desirable 1980s and 2000s Built Class “B” Duplex and Quadplex Concrete Block Construction

♦♦ Over $800,000 (50% of GPR) In Potential Gross Revenue Upside By Completing Value-Add Program

♦♦ Comprised of Almost All Two-Bedroom Floor Plans in Single Story Buildings♦♦ Almost Seventy Percent of the Community Has Been Renovated With New Kitchen Cabinets

and Countertops, New Kitchen Lighting, New Bathroom Vanities and Vinyl Plank Flooring Throughout

♦♦ Competitive Amenity Package With Clubhouse With Entertainment Area and Business Center, Basketball Court, Fitness Center, Children’s Playground and Convenient On-Site Laundry Facility

♦♦ Residents Are Responsible For Almost All Utility Expenses♦♦ Expansive 22 Acre Site With Low-Density “Neighborhood” Feel at Only 11 Units Per Acre♦♦ Located Within Close Proximity From the Silver Springs State Park, a Wal-Mart Supercenter

and the newly built FedEx Distribution Center♦♦ Since 2014, 2,450 Jobs Have Been Created in Ocala With an Average Annual Salary of

$39,000 and $252 Million in Capital Investment Due to the Moving Forward Five Year Plan

OFFERING HIGHLIGHTS

EXCLUSIVELY LISTED BY

Nicholas MeoliSENIOR VICE PRESIDENT INVESTMENTS813 .387 .4731NMEOLI@MARCUSMILL ICHAP.COM

Michael DonaldsonSENIOR VICE PRESIDENT INVESTMENTS813 .658 .8278MDONALDSON@MARCUSMILL ICHAP.COM

S T E R L I N G P O I N T E | 2 6 8 U N I T S | S I L V E R S P R I N G S ( O C A L A ) , F L

J U S T L I S T E D A P A R T M E N T S