Village 1373 OM

LEAD AGENTS

Jordan Dickman

First Vice President Investments

Cincinnati Office

D. 513.878.7735

jordan.dickman@marcusmillichap.com

Nick Andrews

First Vice President Investments

Cincinnati Office

D. 513.878.7741

nicholas.andrews@marcusmillichap.com

Austin Sum

Senior Associate

Cincinnati Office

D. 513.878.7747

austin.sum@marcusmillichap.com

Legacy of Success, Built for the Future

$43.6B $10.1B 7,546 1,076

For more than 50 years, Marcus & Millichap has worked tirelessly to help our clients create and preserve wealth through commercial real estate investment sales as well as debt and equity advisory. Since our founding in 1971, we have grown to more than 80 offices throughout the United States and Canada, including twelve offices here in the Midwest. We also assembled the industry’s largest and most qualified team of specialists to help provide real estate solutions that match your unique investment needs. Connect with an advisor today. We have the industry’s largest, most diverse collection of exclusive commercial real estate listings. Start receiving custom property alerts today.

YOUR TEAM CORPORATE SUPPORT

Jordan Dickman

First Vice Presidents Director, Nmhg

Nick Andrews

First Vice Presidents Director, Nmhg

Austin Sum

Senior Investment Associate

Austin Hall

Investment Associate

Alden Simms

Investment Associate

Liz Popp Midwest Operations Manager

Josh Caruana Vice President Regional Manager

Indianapolis | Cincinnati | Louisville | St Louis | Kansas City

Peter Stanley National Director

National Multi Housing Group

Michael Glass

Senior Vice President

Midwest Division Manager

National Director, Manufactured Home Communities Group

BROKER SUPPORT OUR LOCATION

Sam Petrosino

Valuation & Research

Brett Martin

Internal Accountant

Brittany Campbell-Koch

Director of Operations

Alex Papa

Marketing Coordinator

VILLAGE 1373

23.92

SUBMARKET RENTAL GROWTH AT NEARLY 5% Y-O-Y

VILLAGE1373 NEARLY 8M IN RECENT CAPEX ONLY 1.6% INVENTORY GROWTH PROJECTED 80K AREA MEDIAN INCOME

EXTERIOR

AMENITIES

FEATURES

Ceiling Fans

Dishwasher

Air Conditioning

Garbage Disposal

Private Patio/Balcony

Self-Cleaning Oven

Frost Free Refrigerator

Stainless Steel Appliances

Granite Countertops

UNIT INTERIORS

GREENSBORO DATA

ONE BEDROOM

RENTAL RATE CHANGE YEAR-OVER-YEAR

TWO BEDROOM

RENTAL RATE CHANGE YEAR-OVER-YEAR

5% Y-o-Y Change 5% Y-o-Y Change

1.6% Growth in 24’ Projected Year End

84 COMPLETIONS AS % PRIOR INVENTORY

Units Built in 24’ Projected Year End

DEVELOPMENTS

MIDTOWN AT RED CINEMAS

Developer Marty Kotis has released updated renderings of his planned “Midtown” project in Greensboro and also discussed a restaurant in the area he’s closed in order to rebrand.The renderings of the Midtown project include 27,500 square feet of shops and restaurants, parking, a 12,000-square-foot rooftop terrace and a hotel site. Midtown is a stretch of Battleground that runs from Bryan Boulevard to Green Valley Road. Kotis said much of the renderings represent the Midtown project’s second phase, which is expected to cost about $10 million. The entire project, he said, will run close to $100 million and is expected to include mid-rise apartments.

The densely designed project would surround the existing Red Cinemas at 1305 Battleground Ave. The renderings were first posted on Kotis Properties’ Facebook page earlier this month. Each includes a brief description of an individual rendering, one reading, “Finally bringing mid-rise development to Greensboro.” Previously, renderings of the proposed sites included little more than blocked buildings. The more recent offerings provide greater detail, one showing an aerial view of the proposed rooftop terrace. Arches similar to those in World of Beer are a part of the design for a number of the buildings. World of Beer is another of the properties Kotis has developed on Westover Terrace, just off Battleground Avenue.

DEVELOPMENTS CROSSTOWN ENTERTAINMENT

Don Linder and Jim Kee are moving forward with their plan to develop an approximately 25-acre entertainment area with a hotel in northeast Greensboro.

Linder told Triad Business Journal Thursday that the partners are in the process of putting together a business plan to take to the Greensboro City Council in hopes of receiving financial incentives to build the estimated $134 million CrossTown project.

Linder said he and Kee also were working with architect Bruce Cantrell of J. Hammond Hyatt Associates in Greensboro on tweaks to their existing site plan.

REVOLUTION PHASE II

The first phase of Revolution Mill, the $91 million mixed-use development in northeast Greensboro, is an unqualified success with 95% occupancy of its 150 loft apartments, three restaurants and more than 100 commercial tenants.

Now Self-Help Credit Union, the owner and developer of Revolution Mill, is now ready to move forward with a $35 million Phase 2 that it hopes to have completed in 2022.

By a vote of 8-0 Monday night, the Greensboro Zoning Commission approved rezoning 3.5 acres to light mixed industrial at 2005 Yanceyville St., clearing the way for a 145,000-square-foot mixed-use development in the Mill House, a five-story building that sits at the front entrance of Revolution Mill.

Plans call for 33 apartment units, 55,000 square feet of Class A office space, 10,000 square feet of retail/restaurant space and a co-working space. Eighteen of the apartments will be one-bedroom and 15 will be two-bedroom units.

The ground floor of the Mill House features 19-foot-high ceilings and floor-toceiling windows, and plans call for apartments, a co-working space with a mezzanine level and three retail spaces ranging from 1,300 square feet to 5,800 square feet. The largest retail space offers a deck overlooking Buffalo Creek and is seen as potential space for a restaurant.