# OFFERING MEMORANDUM

# PARKVIEW APARTMENTS
## 200-Unit Value-Add Multifamily Investment Opportunity

**Austin, Texas**

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## EXCLUSIVELY OFFERED BY

**Apex Capital Markets**

Jane Smith, Senior Vice President
jane.smith@example.com | 512-555-1234

Michael Johnson, Vice President
michael.johnson@example.com | 512-555-5678

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## EXECUTIVE SUMMARY

Apex Capital Markets, as exclusive advisor, is pleased to present Parkview Apartments, a 200-unit garden-style multifamily community located in the highly desirable South Austin submarket. This value-add investment opportunity offers significant upside through interior renovations and operational improvements.

### OFFERING PRICE: $32,000,000
### PRICE PER UNIT: $160,000

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## INVESTMENT HIGHLIGHTS

1. **Below-Market Rents** - Current rents are approximately 9% below market, representing over $348,000 in annual loss-to-lease and immediate rent growth opportunity

2. **Value-Add Potential** - Units have not been renovated since 2010, offering $200-300/month rent premiums post-renovation at an estimated cost of $10,000/unit

3. **Strong Submarket Fundamentals** - South Austin benefits from proximity to major employers, strong population growth, and limited new supply in the immediate area

4. **Stabilized Operations** - 93% occupancy with consistent T12 NOI performance

5. **Agency Financing Available** - Property qualifies for Freddie Mac and Fannie Mae financing at attractive terms

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## PROPERTY OVERVIEW

| Attribute | Details |
|-----------|---------|
| Property Name | Parkview Apartments |
| Address | 4200 Parkview Drive |
| City, State, ZIP | Austin, TX 78745 |
| County | Travis |
| Submarket | South Austin |
| MSA | Austin-Round Rock-San Marcos |

### Physical Description

| Attribute | Details |
|-----------|---------|
| Property Type | Multifamily - Garden Style |
| Total Units | 200 |
| Net Rentable Area | 180,000 SF |
| Average Unit Size | 900 SF |
| Year Built | 1998 |
| Year Renovated | N/A |
| Stories | 3 |
| Buildings | 8 |
| Construction | Wood Frame |
| Roof | Composition Shingle (replaced 2020) |
| HVAC | Individual PTAC Units |

### Parking

| Type | Spaces |
|------|--------|
| Surface | 240 |
| Covered | 80 |
| **Total** | **320** |
| Ratio | 1.6:1 |

### Site Information

| Attribute | Details |
|-----------|---------|
| Lot Size | 12.5 Acres |
| Zoning | MF-3 (Multifamily) |
| Flood Zone | Zone X (Minimal Risk) |

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## UNIT MIX

| Unit Type | Units | % of Total | Avg SF | Market Rent | In-Place Rent | Rent/SF |
|-----------|-------|------------|--------|-------------|---------------|---------|
| 1BR/1BA | 80 | 40% | 725 | $1,350 | $1,225 | $1.69 |
| 2BR/1BA | 40 | 20% | 900 | $1,600 | $1,450 | $1.61 |
| 2BR/2BA | 60 | 30% | 1,050 | $1,800 | $1,650 | $1.57 |
| 3BR/2BA | 20 | 10% | 1,200 | $2,100 | $1,900 | $1.58 |
| **Total/Avg** | **200** | **100%** | **900** | **$1,610** | **$1,465** | **$1.63** |

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## COMMUNITY AMENITIES

- Resort-Style Swimming Pool
- State-of-the-Art Fitness Center
- Resident Clubhouse with Kitchen
- Business Center with Conference Room
- Dog Park with Agility Equipment
- Children's Playground
- Covered Picnic Areas with BBQ Grills
- On-Site Laundry Facilities (4 locations)
- Package Lockers
- Controlled Access Gates

## UNIT AMENITIES

- Washer/Dryer Connections
- Private Patio or Balcony
- Walk-In Closets
- Ceiling Fans
- Mini Blinds
- Dishwasher
- Disposal
- Refrigerator
- Electric Range
- Wood-Style Flooring (select units)

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## FINANCIAL OVERVIEW

### Current Performance

| Metric | Amount | Per Unit |
|--------|--------|----------|
| Gross Potential Rent | $3,864,000 | $19,320 |
| Effective Gross Income | $3,414,000 | $17,070 |
| Operating Expenses | $1,437,500 | $7,188 |
| **Net Operating Income** | **$1,976,500** | **$9,883** |

### Key Metrics

| Metric | Value |
|--------|-------|
| Current Occupancy | 93% |
| Expense Ratio | 42.1% |
| Going-In Cap Rate | 6.18% |
| Loss-to-Lease | 9.0% ($348,000/year) |

### Pro Forma (Post-Renovation)

| Metric | Year 1 | Year 3 | Year 5 |
|--------|--------|--------|--------|
| Occupancy | 92% | 95% | 95% |
| Average Rent | $1,550 | $1,750 | $1,850 |
| NOI | $2,050,000 | $2,400,000 | $2,600,000 |
| Cap Rate | 6.41% | 7.50% | 8.13% |

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## VALUE-ADD OPPORTUNITY

### Interior Renovation Program

**Estimated Cost**: $2,000,000 ($10,000/unit)

| Component | Description | Cost/Unit |
|-----------|-------------|-----------|
| Flooring | Luxury vinyl plank throughout | $2,500 |
| Countertops | Granite countertops | $1,500 |
| Cabinets | Shaker-style cabinet refacing | $2,000 |
| Fixtures | Brushed nickel hardware/fixtures | $1,000 |
| Appliances | Stainless steel appliance package | $2,000 |
| Lighting | Modern LED fixtures | $500 |
| Paint | Fresh two-tone interior paint | $500 |
| **Total** | | **$10,000** |

**Expected Rent Premium**: $200-300/month per renovated unit

**Renovation Timeline**: 18-24 months (8-10 units/month turnover)

### Exterior/Common Area Improvements

| Item | Estimated Cost |
|------|----------------|
| Clubhouse Refresh | $150,000 |
| Pool Area Upgrade | $75,000 |
| Fitness Equipment | $50,000 |
| Signage & Branding | $25,000 |
| Landscaping | $100,000 |
| Exterior Paint | $100,000 |
| **Total** | **$500,000** |

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## SELLER INFORMATION

| Attribute | Details |
|-----------|---------|
| Seller Entity | Parkview Holdings LLC |
| Entity Type | Texas Limited Liability Company |
| Ownership Duration | 8 years (acquired 2018) |
| Reason for Sale | Portfolio rebalancing and capital recycling |

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## TRANSACTION TIMELINE

| Milestone | Date |
|-----------|------|
| Call for Offers | January 10, 2026 |
| Best and Final | January 20, 2026 |
| Seller Selection | January 25, 2026 |
| PSA Execution | January 30, 2026 |
| Due Diligence Period | 30 days |
| Financing Contingency | 45 days |
| Target Closing | March 31, 2026 |

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## CONTACT INFORMATION

For additional information or to schedule a property tour, please contact:

**Jane Smith**
Senior Vice President
Apex Capital Markets
jane.smith@example.com
512-555-1234

**Michael Johnson**
Vice President
Apex Capital Markets
michael.johnson@example.com
512-555-5678

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*This Offering Memorandum has been prepared by Apex Realty Advisors for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or the related documents, nor does it purport to be all-inclusive or to contain all of the information which prospective investors may need or desire.*
