Valleybrook at Chadds Ford

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire Valleybrook at Chadds Ford (the “Property”), a 352-unit, value-add multi-housing opportunity located in Chadds Ford, Delaware County, Pennsylvania. Constructed in 2002, Valleybrook at Chadds Ford presents the exceptional opportunity to acquire a compelling value-add asset of scale with a proven renovation program in an affluent suburban location.

COMPELLING VALUE-ADD OPPORTUNITY

• Valleybrook at Chadds Ford was constructed in 2002 and has been professionally maintained since. Current ownership has upgraded 22 units (6% of unit mix) to a luxury scope, achieving rental premiums of more than $300 above classic units. Additionally, ownership has invested $625,000 in the renovation of the existing clubhouse that will ultimately modernize the existing amenity package and create new resident-driven amenities such as work from home pods, a new refreshment area, and a Kids Lodge. This project will be complete prior to closing. Thus, an investor will be able to focus resources on revenue enhancing upgrades upon acquisition.

MULTI-HOUSING FUNDAMENTALS

• Valleybrook at Chadds Ford has boasted impressive rental performance over the past several months due to the asset’s desirable location paired with suburban Philadelphia’s leasing fundamentals. Recently, net effective rents on new leases and renewals increased 21.8% and 9.2% respectively, supporting the opportunity for new ownership to capitalize on suburban leasing fundamentals and increase rents upon turnover and renewal, while developing a strategic renovation program.

UNMATCHED SUBURBAN LOCATION

• Valleybrook at Chadds Ford is strategically situated along the heavily-traveled Route 202 Corridor and is proximate to Route 1, I-95, and I-476, offering residents direct access to employment hubs in Wilmington, West Chester, Exton, Downingtown, King of Prussia, and Center City Philadelphia. In addition to the Property’s proximity to regional employment centers, Valleybrook at Chadds Ford is located in the Garnet Valley School District, which is ranked in the 98th percentile of school districts in the state of Pennsylvania.