The Q @ Uptown – Part of The Q Portfolio

The Q Portfolio

The Q @ Nob Hill (Click For Property Information)
The Q @ Vassar North (Click For Property Information)
The Q @ Uptown (Click For Property Information)
The Q @ Bosque Trails (Click For Property Information)

Acquisition Pricing Guidance: $29,050,000

Price/Unit: $196,283.78

June 2024 Pre-Leased Occupancy: 100%

July 2024 Advertised Lease Rates: +$40-$100

Units: 148

• • 1 Bedroom Units: 56 *37.84%

• • 2 Bedroom (1, 1.5 or 2 Bath): 84 *56.76%

• • 3 Bedroom (2 or 2.5 Bath): Units: 8 *5.41%

Acquisition Investment Highlights

• • Acquisition Cap Rate: 5.81%

• • Acquisition NOI: $1,688,310.61

• • Acquisition Pre-Tax Cash-on-Cash Return: 7.19% ($842,642) *Ref. OM & Flyer Acquisition Financing Assumptions

Pro Forma Investment Highlights.

• • Year-End 2 Pro Forma Cap Rate: 6.48%
  • Year-End 2 NOI: $1,881,540
  • Pro Forma Pre-Tax Cash-on-Cash Return: 8.15% ($955,493.45)
  • Year-End 5 Valuation at a 5.80% Cap Rate: $35,203,939
  • Year-End 5 Projected Value Appreciation: 21.22%
  • Pro Forma Pre-Tax IRR: 16.56% *5-Year Hold *Ref. OM & Flyer Acquisition Financing Assumptions.
  • Pro Forma After-Tax IRR: 12.91% *5-Year Hold. *Assumed 35% Ordinary Income Tax Rate; Taxable Income Reductions Captures: Cost-Recovery (Depreciation), Loan Interest & Loan Cost Amortization.