JPH PORTFOLIO REDEFINING MULTIFAMILY INVESTMENTS (513) 878-7756
ADGMultifamily.com
EXCLUSIVELY LISTED BY JD SCHMERGE
Associate 513-878-7756 jd.schmerge@marcusmillichap.com
JORDAN DICKMAN
First Vice President of Investments 513-878-7735 jordan.dickman@marcusmillichap.com
NICK ANDREWS
First Vice President of Investments 513-878-7741 nick.andrews@marcusmillichap.com
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CONFIDENTIALITY & DISCLAIMER The information contained in the following proposal is proprietary and strictly confidential. It is intended to be reviewed only by the party receiving it from Marcus & Millichap and it should not be made available to any other person or entity without the written consent of Marcus & Millichap. By taking possession of and reviewing the information contained herein the recipient agrees to hold and treat all such information in the strictest confidence. The recipient further agrees that recipient will not photocopy or duplicate any part of the proposal. If you have no interest in the subject property, please promptly return this proposal to Marcus & Millichap. This proposal has been prepared to provide summary, unverified financial and physical information to prospective purchasers, and to establish only a preliminary level of interest in the subject property. The information contained herein is not a substitute for a thorough due diligence investigation. Marcus & Millichap has not made any investigation, and makes no warranty or representation with respect to the income or expenses for the subject property, the future projected financial performance of the property, the size and square footage of the property and improvements, the presence of absence of contaminating substances, PCBs or asbestos, the compliance with local, state and federal regulations, the physical condition of the improvements thereon, or financial condition or business prospects of any tenant, or any tenant’s plans or intentions to continue its occupancy of the subject property. The information contained in this proposal has been obtained from sources we believe reliable; however, Marcus & Millichap has not verified, and will not verify, any of the information contained herein, nor has Marcus & Millichap conducted any investigation regarding these matters and makes no warranty or representation whatsoever regarding the accuracy or completeness of the information provided. All potential buyers must take appropriate measures to verify all of the information set forth herein. Prospective buyers shall be responsible for their costs and expenses of investigating the subject property.
PROPERTY SHOWINGS ARE BY APPOINTMENT ONLY. PLEASE CONTACT ANDREWS | DICKMAN FOR MORE DETAILS.
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CALABASAS, CALIFORNIA | HQ
80+ | OFFICES
2,500 | EMPLOYEES
UNRIVALED SUCCESS IN THE MIDWEST Nick Andrews
First Vice President Investments Director, NMHG
Jordan Dickman
First Vice President Investments Director, NMHG
INVESTMENT ADVISORS
Austin Sum
Senior Investment Associate
Garry Schloemer Investment Associate
JD Schmerge Investment Associate
Brian Johnston Investment Associate
Tim VanWingerden Investment Associate
DEBT & STRUCTURED FINANCE
Chris Litzler
Jim Leonard
Senior Director MMCC
VALUATION & RESEARCH
Sam Petrosino
Financial & Research Analyst
Senior Managing Director of Capital Markets MMCC
CLIENT RELATIONS
Skyler Wilson
Client Relationship Coordinator
MARKETING
Alex Papa
Marketing Coordinator
Kristin Smith Marketing
OPERATIONS
Sidney Bills
Office Administrator
Josh Caruana
Vice President Regional Manager Indianapolis | Cincinnati | Louisville St Louis | Kansas City
Brittany Campbell-Koch Director of Operations
John Sebree
Senior Vice President National Director National Multi Housing Group
Liz Popp
Midwest Operations Manager
Michael Glass
Senior Vice President Midwest Division Manager National Director, Manufactured Home Communities Group
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the table of
CONTENTS
UC STATS
01
THE PERSPEC TIVE
02
THE MARKE T
03
page 8
page 16
page 24
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JPH PORTFOLIO
01 section
UC STATS 10 - buyer’s business case 12 - uc developments 14 - uc enrollment
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CLIFTON/CUF
BUYER’S BUSINESS CASE Investment Highlights
Marcus & Millichap is pleased to present the JPH Portfolio, a five property, 43 bed student-housing portfolio located on the booming campus of The University of Cincinnati. All five properties are located within a half mile radius of one another, just west of Clifton Avenue. The portfolio boasts a strong historical occupancy and is 100% leased for the 2021-2022 school year. Two of five properties are leased through the 2022-2023 school year. All properties have off-street parking for residents. An incoming investor can enjoy passive cash flow with no turnover until summer of 2022.
OCCUPANCY RATE VS. MARKET
4 th Overall 7.5 % Growth Positive Rental Market Trends
Clifton is one of Cincinnati’s top rental markets within the I-275 Interstate. A strong sub-market supported with UC student population of nearly 50,000 students, 77% of which live off campus. Also within miles of the portfolio sits 3 of cinicnnati’s largest hospitals also creating a very aggressive rental market. Clifton sits with some of the highest rental rates across Cincinnati due to the aggressive amount of renters in such a small distance that continues to allow Clifton to stay at the top of the ranks in both occupancy and rental rates, an accolade that it has owned for a very long time and will not be giving up any time soon. 10
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ONE BED RENT VS. MARKET
13th
4.75%
2nd
8.8%
Y-o-Y Change Rank out of 47 Submarkets
TWO BED RENT VS. MARKET
Rank out of Y-o-Y Change 47 Submarkets
CINCINNATI
UC DEVELOPMENTS
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NEW COLLEGE OF LAW
NEW UC ALUMNI CENTER
UC plans to convert the current College of Business building into the new home of the College of Law. The revitalization of the building would include larger classrooms and more open meeting spaces. Cost: $45.6M T: Q3, 2022
The University of Cincinnati is looking to find a new home for its alumni center. UC wants to use all or a portion of the existing former YMCA building on Calhoun Street to house a 30,000-square-foot space to house different alumni functions. Cost: $30M T: Proposed
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CLIFTON COURT HALL
CALHOUN HALL
A 180,000-square-foot classroom building is planned where two modular structures currently stand at Clifton Avenue and Clifton Court Drive. It would include 24 classrooms and 230 faculty and staff offices. Cost: $93M T: Q3, 2022
The university plans a two-year, complete renovation of the residence hall. The 14-story high-rise residence hall, built in 1967, would remain a dorm-style housing facility. Cost: $80.4M T: Q4, 2022
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CINCINNATI
UC ENROLLMENT 24,210 first-year students have applied to UC’s Uptown campus. That’s an increase of more than 1,850 applicants or 8% more than last year (the previous record). This news comes on the heels of UC announcing record enrollment for the eighth straight year in the fall when Bearcats numbered 46,798. Based on current numbers, UC officials expect to eclipse 48,000 in fall 2021.
8% Increase from previous year 8th Straight Year of Record Enrollment
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Jack Miner, UC’s vice provost for enrollment management, says UC’s popularity is even more remarkable given the COVID-19 pandemic and state and national trends where the majority of colleges and universities are experiencing significant enrollment declines. “Where others are struggling to maintain enrollment, it looks like we are going to be able to grow pretty significantly,” says Miner. “We think we’re getting such a great application pool because of our strong academic profile, our phenomenal student life experiences and because people really love the idea of being on UC’s urban campus. We are doing all we can to ensure a healthier, safer and good experience in the fall.”
LOCAL SCHOOL COMPARISON
UNIVERSITY OF CINCINNATI - 46,798 MIAMI UNIVERSITY - 19,716 NORTHERN KENTUCKY UNIVERISTY - 15,664 XAVIER UNIVERSITY - 6,973 MOUNT ST. JOSEPH UNIVERSITY - 2,100
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JPH PORTFOLIO
02 section
PERSPECTIVE 18 - investment highlight 20 - unix mix 22- income & expenses
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EXECUTIVE SUMMARY
JPH PORTFOLIO Cincinnati, OH
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2719 DIGBY AVENUE
2727/2729 STRATFORD AVENUE
• • • • •
• • • •
6 Two Bedroom/1 Bath Units; 900 SF Each Boiler Heat/Window AC Tenants Pay Gas/Electric 8 Parking Sports Plus 4 Garages Coin Laundry
2 Four Bedroom/Two Bath Units; 1730SF Each Boiler Heat/Window AC Tenants Pay All Utilities 4 Parking Spots Plus 2 Garages
339 PROBASCO STREET • • • • •
Three Bedroom/One Bath Unit On First Floor Four Bedroom/One Bath On Both Floors 2 & 3 (8 Bed/2 Baths) Boiler Heat/Window AC Tenants Pay All Utilities 6 Parking Spots Plus 1 Garage
3130 RIDDLE VIEW LN.
2733 STRATFORD AVENUE
• • • • •
• • • •
4 One Bedroom/1 Bath Units; 700 SF Each 2 Studios Units; 500 SF Each Boiler Heat/Window AC Tenants Pay Gas/Electric Two Parking Spots
3 Two Bedroom/One Bath Units; 850SF Each Boiler Heat/Window AC Tenants Pay Gas/Electric 4 Parking Spots Plus 1 Garage
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JPH PORTFOLIO
THE UNIT MIX AVERAGE EFFECTIVE
MARKET
Rentable
Total
Units
SF
SF
Studio
2 Units
500 SF
1,000 SF
$400.00
$0.80
$800
$400.00
One Bedroom
4 Units
700 SF
2,800 SF
$638.00
$0.91
$2,552
Two Bedroom
9 Units
883 SF
7,950 SF
$1,149.45
$1.30
Three Bedroom
1 Units
1,341 SF
1,341 SF
$1,500.00
Four Bedroom
2 Units
1,730 SF
3,460 SF
Eight Bedroom
1 Units
2,491 SF
Totals / Wtd. Averages
19 Units
1,002 SF
Unit Type
Total Rent
Rent/Unit Rent/SF
Potential
Rent/Unit Rent/SF
PROJECTED
Total Rent
Total Rent
Potential
Rent/Unit
Rent/SF
Potential
$0.80 SF
$800
$450.00
$0.90 SF
$900
$650.00
$0.93 SF
$2,600
$695.00
$0.99 SF
$2,780
$10,345
$1,196.67
$1.35 SF
$10,770
$1,261.11
$1.43 SF
$11,350
$1.12
$1,500
$1,500.00
$1.12 SF
$1,500
$1,600.00
$1.19 SF
$1,600
$2,035.00
$1.18
$4,070
$2,150.00
$1.24 SF
$4,300
$2,300.00
$1.33 SF
$4,600
2,491 SF
$3,375.00
$1.35
$3,375
$3,375.00
$1.35 SF
$3,375
$3,550.00
$1.43 SF
$3,550
19,042 SF
$1,191.69
$1.19 SF
$22,642
$1,228.68
$1.23 SF
$23,345
$1,304.21
$1.30 SF
$24,780
Summary
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AVERAGE EFFECTIVE
PROJECTED
MARKET
Studio
No. of
Rentable
Total
Total Rent
Total Rent
Unit Type
Units
SF
SF
Rent/Unit
Rent/SF
Potential
Rent/Unit
Rent/SF
Potential
Rent/Unit
Rent/SF
Potential
0BR/1BA - Riddle View
2 Units
500 SF
1,000 SF
$400.00
$0.80 SF
$800
$400.00
$0.80 SF
$800
$450.00
$0.90 SF
$900
Totals / Wtd. Averages
2 Units
500 SF
1,000 SF
$400.00
$0.80 SF
$800
$400.00
$0.80 SF
$800
$450.00
$0.90 SF
$900
One Bedroom
No. of
Rentable
Total
Unit Type
Units
SF
SF
Rent/Unit
Rent/SF
Potential
Rent/Unit
Rent/SF
Potential
Rent/Unit
Rent/SF
Potential
1BR/1BA - Riddle View
4 Units
700 SF
2,800 SF
$638.00
$0.91 SF
$2,552
$650.00
$0.93 SF
$2,600
$695.00
$0.99 SF
$2,780
Totals / Wtd. Averages
4 Units
700 SF
2,800 SF
$638.00
$0.91 SF
$2,552
$650.00
$0.93 SF
$2,600
$695.00
$0.99 SF
$2,780
Two Bedroom
No. of
Rentable
Total
Unit Type
Units
SF
SF
Rent/Unit
Rent/SF
Potential
Rent/Unit
Rent/SF
Potential
Rent/Unit
Rent/SF
Potential
2BR/1BA - Digby
6 Units
900 SF
5,400 SF
$1,104.17
$1.23 SF
$6,625
$1,175.00
$1.31 SF
$7,050
$1,200.00
$1.33 SF
$7,200
2BR/1BA - LL - 2733
2 Units
850 SF
1,700 SF
$1,310.00
$1.54 SF
$2,620
$1,310.00
$1.54 SF
$2,620
$1,450.00
$1.71 SF
$2,900
2BR/1BA - UL - 2733
1 Units
850 SF
850 SF
$1,100.00
$1.29 SF
$1,100
$1,100.00
$1.29 SF
$1,100
$1,250.00
$1.47 SF
$1,250
Totals / Wtd. Averages
9 Units
883 SF
7,950 SF
$1,149.45
$1.30 SF
$10,345
$1,196.67
$1.35 SF
$10,770
$1,261.11
$1.43 SF
$11,350
Three Bedroom
No. of
Rentable
Total
Unit Type
Units
SF
SF
Rent/Unit
Rent/SF
Potential
Rent/Unit
Rent/SF
Potential
Rent/Unit
Rent/SF
Potential
3BR/1BA - Probasco
1 Units
1,341 SF
1,341 SF
$1,500.00
$1.12 SF
$1,500
$1,500.00
$1.12 SF
$1,500
$1,600.00
$1.19 SF
$1,600
Totals / Wtd. Averages
1 Units
1,341 SF
1,341 SF
$1,500.00
$1.12 SF
$1,500
$1,500.00
$1.12 SF
$1,500
$1,600.00
$1.19 SF
$1,600
Four Bedroom
No. of
Rentable
Total
Unit Type
Units
SF
SF
Rent/Unit
Rent/SF
Potential
Rent/Unit
Rent/SF
Potential
Rent/Unit
Rent/SF
Potential
4BR/2BA - 2727/2729
2 Units
1,730 SF
3,460 SF
$2,035.00
$1.18 SF
$4,070
$2,150.00
$1.24 SF
$4,300
$2,300.00
$1.33 SF
$4,600
Totals / Wtd. Averages
2 Units
1,730 SF
3,460 SF
$2,035.00
$1.18 SF
$4,070
$2,150.00
$1.24 SF
$4,300
$2,300.00
$1.33 SF
$4,600
Eight Bedroom
No. of
Rentable
Total
Unit Type
Units
SF
SF
Rent/Unit
Rent/SF
Potential
Rent/Unit
Rent/SF
Potential
Rent/Unit
Rent/SF
Potential
8BR/2BA - Probasco
1 Units
2,491 SF
2,491 SF
$3,375.00
$1.35 SF
$3,375
$3,375.00
$1.35 SF
$3,375
$3,550.00
$1.43 SF
$3,550
Totals / Wtd. Averages
1 Units
2,491 SF
2,491 SF
$3,375.00
$1.35 SF
$3,375
$3,375.00
$1.35 SF
$3,375
$3,550.00
$1.43 SF
$3,550
Total Rent
Total Rent
Total Rent
Total Rent
Total Rent
Total Rent
Total Rent
Total Rent
Total Rent
Total Rent
Total Rent
Total Rent
Total Rent
Total Rent
Total Rent
Total Rent
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INCOME INCOME FINANCIAL BREAKDOWN &
Year 1
(Rent Roll/T# Income; Adjusted Trailing Expenses)
(Recapture LTL, Stabilized Occupancy and Other Income, Normalized Expenses, Start Reno)
GROSS POTENTIAL RENT
% of GPR
Per Unit
% of GPR
All Units at Market Rent
$274,740
Gain (Loss) to Lease
($3,060)
GROSS SCHEDULED RENT
$271,680
RR
$9,240
Note 2
3.40%
$500
Note 2
0.18% 3.59%
14,812
$301,955
RR 1.11%
Per Unit
14,460
$297,360
(161)
($5,947)
15,651
14,299
$291,413
486
$10,001
3.43%
26
$541
0.19%
28
513
$10,542
3.62%
555
2.00%
(313) 15,338
Other Income Parking Income Laundry Income
Total Other Income
GROSS POTENTIAL INCOME Physical Vacancy EFFECTIVE GROSS INCOME
EXPENSES
$9,740 $281,420
526
15,892
$0
0.00%
0
($14,571)
5.00%
(767)
$281,420
98.89%
14,812
$287,384
93.00%
15,125
% of EGI
Per Unit
% of EGI
Per Unit
16.53%
2,448
16.19%
2,448
Non-Controllable Real Estate Taxes 2019 Taxes Paid
$46,518
Auditor
$46,518
Adjustment for Sale
$0
0.00%
0
$0
0.00%
0
Total Real Estate Taxes
$46,518
16.53%
2,448
$46,518
16.19%
2,448
Insurance
$8,715
3.10%
459
$8,740
3.04%
460
EXPENSE
VALUE ANALYSIS
Current
T12
Utilities Gas & Electric
$13,391
T12
4.76%
705
$13,659
4.75%
719
Water & Sewage
$5,898
T12
2.10%
310
$6,016
2.09%
317
Total Utilities
$19,289
6.85%
1,015
$19,675
6.85%
1,036
Total Non-Controllable
$74,522
26.48%
3,922
$74,933
26.07%
3,944
Controllable Contract Services Snow Removal Landscaping/Grounds Pest Control
Total Contract Services
$665
Note 3
0.24%
35
$665
0.23%
35
$1,900
Note 3
0.68%
100
$1,900
0.66%
100
$0
0.00%
0
$665
0.23%
35
$2,565
0.91%
135
$3,230
1.12%
170
Repairs & Maintenance
$12,350
Note 3
4.39%
650
$12,350
4.30%
650
Payroll
$15,200
Note 3
5.40%
800
$15,200
5.29%
800
Payroll Taxes & Benefits
$1,900
Note 3
0.68%
100
$1,900
0.66%
100
General & Administrative
$1,900
Note 3
0.68%
100
$1,900
0.66%
100
Management Fee
$19,699
Note 3
7.00%
1,037
$20,117
7.00%
1,059
Replacement & Reserves
$4,845
Note 1
1.72%
255
$4,942
1.72%
260
Total Controllable
$58,459
20.77%
3,077
$59,639
20.75%
3,139
TOTAL EXPENSES
$132,982
47.25%
6,999
$134,572
46.83%
7,083
NET OPERATING INCOME
$148,438
52.75%
7,813
$152,812
53.17%
8,043
Year 2
Year 3
(...Stabilized Occupancy, Finish Reno on Remaining Units)
(Projected Rent Increase after Stabilization, Reno)
% of GPR $306,281 ($6,126)
2.00%
$300,155
Per Unit
% of GPR
16,120
$315,469
(322)
($6,309)
15,798
$309,160
542
$10,610
3.43%
Per Unit 16,604
2.00%
(332) 16,272
$10,301
3.43%
$557
0.19%
29
$574
0.19%
30
$10,858
3.62%
571
$11,184
3.62%
589
16,369
$320,344
$311,013
558
16,860
($15,008)
5.00%
(790)
($15,458)
5.00%
(814)
$296,006
93.00%
15,579
$304,886
93.00%
16,047
% of EGI
Per Unit
% of EGI
Per Unit
15.72%
2,448
15.72%
2,448
$46,518
$46,518
$0
0.00%
0
$0
0.00%
0
$46,518
15.72%
2,448
$46,518
15.72%
2,448
$8,915
3.01%
469
$9,093
3.07%
479
$13,932
4.71%
733
$14,211
4.80%
748
$6,136
2.07%
323
$6,259
2.11%
329
$20,068
6.78%
1,056
$20,470
6.92%
1,077
$75,501
25.51%
3,974
$76,081
25.70%
4,004
$678
0.23%
36
$692
0.23%
36
$1,938
0.65%
102
$1,977
0.67%
104
$678
0.23%
36
$692
0.23%
36
$3,295
1.11%
173
$3,360
1.14%
177
$12,597
4.26%
663
$12,849
4.34%
676
$15,504
5.24%
816
$15,814
5.34%
832
$1,938
0.65%
102
$1,977
0.67%
104
$1,938
0.65%
102
$1,977
0.67%
104
$20,720
7.00%
1,091
$21,342
7.00%
1,091
$5,041
1.70%
265
$5,142
1.74%
271
$61,033
20.62%
3,212
$62,461
20.89%
3,255
$136,534
46.13%
7,186
$138,542
46.80%
7,292
$159,471
53.87%
8,393
$166,344
56.20%
8,755
JPH PORTFOLIO
03 section
CINCINNATI OVERVIEW 27 - cincinnati 29- heart of downtown 30- dora 32- retail and shopping ADG MULTIFAMILY
25
OVERVIEW
CINCINNATI, OH The steady and stable nature of the Cincinnati apartment market was undoubtfully a benefit through 2020. The MSA saw a 2.7% annual increase in effective asking rents on new leases which matched the market’s norm for the 2010s decade. This growth put Cincinnati at #14 amongst the 50 largest markets for rent growth in 2020. Although occupancy was down 0.3 points from the prior year’s rate, the 4th quarter 2020 occupancy rate (96.4%) ranked #11 among the top 50 markets and #3 regionally. Only Q1 2020 saw net move-outs, although that’s typically the case in the local market due to seasonal demand patterns, the three subsequent quarters saw huge demand and absorption totaled 1,563 units. That is 38% above the 20-year norm for annual absorption. During the peak of the pandemic challenges the job market declined 4.6%, this ranked Cincinnati 3rd best among the Midwest and was significantly better than the national average of 5.8%.
DEMOGRAPHICS Population: 2,190,000 Median age: 38 (.39%) Msa median hhi: $62,743 1.77% 1 - Year growth Msa median home value: $173,500 4.83% 1 - Year growth
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Total units in msa: 162,761 2020 Deliveries: 2,231 Average occupany: 96.4% Occuany growth: -.03% Average rent in 2020: $1,022 Rent growth: 2.7%
ECONOMIC OVERVIEW Prior to the pandemic, Cincinnati’s economy grew at a moderate rate – averaging an estimated growth pace of 2.1% annually in the five years ending Q1 2020. However, the economy contracted 2.4% in 2020. By November of 2020 the pandemic induced the loss of 51,200 jobs putting the employment rate at 4.8%, below the national average of 6.4%. Cincinnati has experienced less severe economic impacts compared to other cities, this fact is credited to the divers and stable employers that call Cincinnati home. There are eight fortune 500 companies headquartered in Cincinnati: Kroger, Procter & Gamble, Fifth Third Bancorp, American Financial Group, Cincinnati Financial, Western & Southern Financial Group, Cintas & Ak Steel Holding. In addition to the nationally recognized powerhouse corporations, Cincinnati has placed a specific focus on programs to foster and promote entrepreneurs and start-ups. Also the city has made significant investments in facilities and infrastructure to support medical research, and other scientific innovations to attract and retain talent found at the University of Cincinnati. The Innovation Corridor by Uptown Consortium is the largest single development in Cincinnati since the Great American Ball Park and will be a state-of-the-art science and research hub next to UC.
DEMOGRAPHIC OVERVIEW Population growth in Cincinnati remains modest, as the metro’s population expanded just 2.5% from 2014-2019, below the U.S. average of 2.9%. During that period the majority of Cincinnati’s growth came from the 55+ age segment which grew 11.5%. The 20-to 34-year-old segment grew modestly over the five-year period increasing 2.1% which was above the national average of 1.6%. A very strong aspect to Cincinnati’s population is the level of education amongst the working age population with 37% of that segment having a bachelor’s degree or higher compared to the national average of 33.1%. The modest population growth coupled with a modest pipeline has maintained occupancies between 95%-97% over the last six years with the average occupancy in Q4 of 2020 being above the six year average at 96.4%. The average effective asking rents have outperformed the Midwest averages since 2011 and in 2020 the average effective rents grew by 2.7% outpacing the Midwest average of 0.8% and the national average of -1.1%.
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DOWNTOWN | CINCINNATI
THE HEART OF DOWNTOWN The Banks is a gathering place for people all across the region. It provides a lively atmosphere full of attractions that promote public enjoyment and appreciation for city’s riverfront. Spanning the full width of the Central Business District, The Banks brings the waterfront to downtown’s front door. Thriving off of the energy generated by the adjacent professional sports venues, Paul Brown Stadium to the west and Great American Ballpark to the east, The Banks provides life and energy as a premier live, work, and play district.
paul brown stadium
cyclones
bengals
reds
TQL STADIUM
The FCC-TQL partnership brings together two Cincinnati-grown, leading businesses that share a “no limits” philosophy as well as a deep connection and commitment to our local community. There are a lot of synergies that make this alliance between TQL and FCC a perfect match and are reflected throughout the stadium from — the fin lighting to the TQL Beer District. The stadium features first-in-the-world lighting tech-
TQL stadium
nology powered by 2.7 miles of LED lights.
360 26,000 CANOPY ROOF STADIUM SEATS 3,170 14,256 BAILEY SEATS FEET OF LED LIGHTS ADG MULTIFAMILY
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DOWNTOWN | CINCINNATI
DORA
From 11am – 1am daily, the 85-acre DORA district at The Banks allows guests to take their beverage purchased from one of the 18 Banks establishments and explore our public plazas and green spaces. It simply needs to be in the Official DORA Cup. At risk of missing the first pitch? Late for the opening act? Take your beverage purchased in a DORA cup from a Banks establishment and go! Waiting for a table, or wish to picnic outside in The Banks plazas or greenspaces? Grab a DORA beverage from a Banks establishment and explore!
DOWNTOWN | CINCINNATI
ATTRACTIONS HARDROCK CASINO - The game is always on at Hard Rock Casinos, where stars are made every night. Come try your hand at the tables, with classic games including blackjack, baccarat and poker, or tap into thousands of the hottest slots on the planet. With the world’s greatest rock memorabilia collection to enhance the thrill, plus the accompaniment of live, world-class entertainment, the atmosphere is like no other. SKY STAR - SkyStar provides unique views of downtown Cincinnati, Covington, the Ohio River and the Roebling Suspension Bridge. It features more than one million LED lights. Each of the 36 gondolas is enclosed, climate controlled and can hold up to six passengers. Skystar offers a private experience and riders are not paired with strangers. The SkyStar experience consists of four revolutions and lasts approximately 12 minutes.
hard rock casino
skystar wheel
queen city sign
ADG MULTIFAMILY
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DOWNTOWN | CINCINNATI
RETAIL & SHOPPING In addition to the restaurant and nightlight scene, the area has no shortage of retail options. Downtown offers both boutiques and department stores. Over-the-Rhine (OTR) is a historic, walkable district of downtown Cincinnati with many independent shops. Cincinnati’s Over-the-Rhine neighborhood was once a place where residents would not recommend to visitors, but that has changed. The restaurant and nightlife scene is now thriving, and the shopping scene is beginning to catch up. Most of the shops are in the southwest quarter of Over-the-Rhine, on either Vine or Main St. You won’t find chain stores in this walkable shopping district. MiCA 12/v and Urban Eden are a popular gift shops that sell local arts and crafts. Elm & Iron sells vintage and upcycled items for the home. The Little Mahatma sells exotic jewelry and folk art from around the world. You’ll find several clothing boutiques, including Mannequin, a non-profit upscale and vintage boutique that benefits local charities. Park + Vine is a popular general store for environmentally-conscious shoppers; they sell a variety of merchandise including green cleaning and personal products, vegan foods, garden products and more.
homage
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ADG MULTIFAMILY
otr
elm & iron
finley market
finley market
Findlay Market is Ohio’s oldest continuously operated public market and is located in the historic Over-the-Rhine neighborhood. The market is a wonderful place for locals to buy their groceries as well as a must-see historic spot for visitors to Cincinnati. Findlay Market is open year-round, Tuesday through Sunday, with a seasonal farmers market. Nearly 40 full-time businesses operate year-round, plus over 100 more vendors operate on weekends or part-time. Many vendors sell raw food while others specialize in prepared foods. Some of the merchants are new startups, while others have been in business for generations. You’ll find everything from fresh meat and produce to imported fine teas to Belgian waffles. There are restaurants as well as a beer garden, so plan to stay for lunch. Findlay Market has a fascinating history. Why not take a tour to learn more? There are several different tour options, including a culinary tour with tasty samples.
ADG MULTIFAMILY
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