The properties in the Circleville Portfolio are located throughout Circleville, a city located about 25 miles south of Columbus. The 90 units are made up by apartments and townhomes, the unit mix consists of 39 one-bedroom, 33 two-bedroom, and 18 three-bedroom units.
The average rent for the portfolio is $876. The rent comparable analysis shows the current rents are below market, over $100 for the one-bedroom, about $97 for the two-bedroom and over $200 for the three-bedroom units. This confirms there is plenty of upside to still be achieved.
Circleville Portfolio is operating at 100% occupancy.