Affluent Neighborhoods: The area median income around Berkshire is over $95,000. Additionally, home sales around Berkshire range from $400K-$800K with sales up to $1M. Significant Capex Spent: Berkshire underwent $759,470 in Cap Ex upgrades which includes flooring, kitchens (cabinets, countertops, appliances), paint, and fixtures. Room to Grow Rents: Opportunity to push rents $200-$250 at Berkshire to market comps. New ownership will have the opportunity to drive NOI growth by increasing rents. Additional Upside Potential: New ownership will have the opportunity to add additional value to the property through updating new windows, finishing W/D connections, adding W/D in select units, and upgrading amenity offerings. $1.4 Billion One Park: City Officials just approved plans for a $1.4 billion development called One Park in the heart of Louisville. One Park is expected to have a $17.4 billion economic impact, and will include 239K SF of office space, 60K SF of retail and restaurants, 200 hotel rooms, and a grocery store. The project estimates to create 2,392 construction jobs and 5,448 ancillary jobs. Proximity to Major Retail Centers: Grinstead Manor and Berkshire are less than a 15 minute drive to Louisville’s premier retail and dining area, which is home to both Mall St. Matthews and Oxmoor Center. Oxmoor Center recently underwent renovations and added 30,000 SF. With the addition, Top Golf became an anchor, and since the announcement, the area has seen an influx of impressive tenants, including Sandbox VR, Condado Tacos, Shady Ray’s, The Capital Grille, and PuttShack. Nationally Ranked Metro: Louisville has gained national attention due to its growing economy and lifestyle, including: #1 Economic Projects per Capita along Ohio River (Site Selection) #2 Most Popular Metro for Generation Z Homebuyers #3 Top Housing Market of 2023 (Realtor.com) #4 City for Job Growth (Louisville Business Journal) Best Cities for Remote Working (Roadbook) #5 Most Projects per Capita (Site Selection Magazine) #8 Best City for Renter’s in the US (Forbes) Major Louisville Employers: Louisville is home to dozens of companies that employ over 1,000 people, highlighted by UPS (26,328 jobs), Norton Healthcare (15,044 jobs), UofL Health (13,136 jobs), Ford (13,020 jobs), Humana (11,000 jobs), GE (8,500 jobs), and Kroger (7,000 jobs) Louisville Sports Entertainment District: Louisville Metro Government has unveiled plans for a 500,000-square-foot mixed-use development adjacent to Louisville Slugger Field. The $250 million project aims to enhance the city’s vibrancy by introducing new housing, retail spaces, and entertainment venues, reinforcing Louisville’s commitment to growth and urban expansion Louisville International Airport Record & $400 Million Renovation: In 2024, nearly 5 million passengers flew through Muhammad Ali International Airport in Louisville, setting a new annual passenger record. In 2023, the International Airport recorded 4.6 million passengers, a 3.6% YOY increase from 2023 to 2024. In addition, The City of Louisville is in progress on a $400 million renovation to the Muhammad Ali Airport. The project, called SDF Next, calls for new TSA lines, updated technology and new security checkpoints, a new baggage claim, and a new rental car facility.