Investment Highlights
Located in one of the most sought after suburbs of Columbus, Abington Village benefits from a strong demographic set. The neighborhoods stellar school district, strong employment nodes and superior health systems continually drive affluent families and young professionals to the Dublin submarket. Furthermore, the white-collar demographic is evidence by an average household income of $124k within a 3-mile radius of the property. Abington Village is poised to capitalize on these favorable demographics and realize strong demand pursuant to the implementation of its value-add business plan. Abington Village represents TruAmerica’s 1st acquisition in the state of Ohio and in the Columbus MSA.
Property Highlights
The Property boasts a consistent unit mix across the entire property, with 305 townhome style homes that feature two bedrooms and two-and one-half baths along with a basement area. The 1,660 rentable square foot units cater the to shifting renter preference, with an increased appetite for larger floor plans and private outdoor space in affluent suburban locations.
Nearly all the apartment homes (90%) at Abington Village were left in classic condition by prior ownership. TruAmerica plans to renovate the apartment homes with anticipated upgrades including vinyl flooring, quartz countertops with undermount sinks, upgraded lighting/plumbing fixtures, stainless steel appliances, and upgraded white cabinetry. Furthermore, TruAmerica will install washers and dryers all 305 homes. TruAmerica also plans to conduct a full renovation of the clubhouse, as well as make other upgrades to the amenities and exterior.
