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| EXCLUSIVE MULTIFAMILY OFFERING
Same Ownership and Management for 40+ Years
Exceptional, Value-Add Opportunity
Meticulously Maintained Properties
Offered as a Package or Individually
KEN ASTONManaging Director
ANDREA KENDRICKssociate Director
For Real-Time Property Information go to:FatimaGermania.BerkadiaREA.com
a Berkshire Hathaway and Leucadia National company
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INVESTMENT SALES
KEN ASTON
Managing Director
636.391.3911
ANDREA KENDRICK
Associate Director636.391.3911
St. Louis Office
12444 Powerscourt Drive
Suite 410
St. Louis, Missouri 63131
Phone: 636.391.3911
Fax: 636.391.3914
Berkadia.com
FINANCING
MICHAEL DUGGAN
Senior Director
314.984.5515
Same Ownership & Management for 40+Years
Exceptional Value-Add Opportunity
Meticulously Maintained Properties
Offered as a Package or Individually
For Real-Time Property InformationScan QR code or go to: FatimaGermania.BerkadiaREA.com
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OPPORTUNITY
Opportunity 1
THE ASSETS
Property Summary 2
Location Description 3
Location Map 4
Aerials 5
Property Photos 9
FATIMA ON THE GREEN VALUATION
Pro Forma Income & Expenses 11
GEM ON THE GREEN VALUATION
Pro Forma Income & Expenses 12
MARKET POSITIONING
Comparable Rental Properties 13
APPENDIX
St. Louis Economic & Demographic Overview 16
Demographics 26
Market Reports 34
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OPPORTUNITY
Berkadia Real Estate Advisors, is pleased to offer for sale GEM on the Green and Fatima on the Green, a combined 172
units located in South St. Louis County and City. GEM on the Green features 112 units and Fatima on the Green includes 60
units.
Both properties were built in 1965 and are owned and managed by only the second owner since they were developed. Both
properties have been meticulously maintained and professionally managed for over 40 years. GEM and Fatima offer an
investor a unique, value-add opportunity through renovating unit interiors to achieve a rent premium in the neighborhood.
All tours must be scheduled through the exclusive listing agent, Andrea Kendrick or Ken Aston. Please do not disturb tenants
or management.
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PROPERTY SUMMARY
PROPERTY DESCRIPTION
Number of Units 172
Year Built 1965
Metering Individual Electric and Gas
Parking Assigned Surface
Total SF Fatima - 43,200 / GEM - 62,800
Average SF Fatima - 720/SF / GEM - 561/SF
Type of Buildings Two-Story, Garden-Style, BrickBuildings
Roofs Pitched Hip
Market Rent Fatima - $625 / GEM - $499
Rent / SF Fatima - $0.87/SF / GEM - $0.89/SF
Fatima on the Greenhas long enjoyed the benefit
of its location at Union Road and Fatima Drive in
south St. Louis County. This senior-only community
consists of 15 four-unit buildings which were built in
1965 and sit on 2.95 +/- of beautifully
landscaped acres. The buildings are constructed of
brick with pitched hip design roofs. The entry foyers
and stairs have beautiful terrazzo flooring. Utilities
are individually metered electric and gas. Each
building has a full basement containing oversized,
private storage lockers and washer/dryer
connections.
Each apartment home has a large eat-in kitchen,
new energy-efficient windows and reserved parking behind the building.
GEM on the Greenis located at the intersection of Morganford Road and Germania Street in the convenient area of
southwest St. Louis City. The property consists of eight buildings with a total of 112 one- and two-bedroom apartments. GEM
on the Green is directly across the street from River Des Peres Greenway Trail for walking and biking, which is a great amenity
for residents. These buildings are also constructed of brick with pitched hip design roofs and have full basements with storage
lockers and coin-operated washers and dryers.
Residents at both properties enjoy a courtesy shuttle bus to area shopping, day trips to local attractions, and a complimentary
bi-weekly exercise class.
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LOCATION DESCRIPTION
GEM on the Green and Fatima on the Greens location in
south St. Louis provides excellent access to Interstate 55 and
270 throughout the entire St. Louis Metro Area. Lambert St.
Louis International Airport is about a half hour from the
properties.
Nearby Carondelet Park is one of the big draws to the
neighborhood and sits on about 180 beautifully landscaped
acres. It ranks as St. Louis third-largest park and features a
beautiful boathouse, rec-center and pool, walking paths,
tennis courts, ball fields, and playgrounds.
Downtown St. Louis is approximately 10 minutes from GEM
on the Green and Fatima on the Green and is home to over
1,600 businesses and nearly 90,000 jobs. Downtown offers
the highest concentration of legal, financial, government,
and creative businesses in the region. Over $5 billion has
been invested in downtown St. Louis since 2000. There is a
daily population of 133,000+. Recent developments
include Ballpark Village across from Busch Stadium, home
of St. Louis Cardinals baseball, the Peabody Opera House,
St. Louis Public Library, City Arch River, and Union Station.
There are a number of Fortune 1000 headquarters in
downtown St. Louis including Ameren, Anthem Blue
Cross/Blue Shield, AT&T, Anheuser Busch-Inbev, Bank of
America, Fleishman Hillard, HOK, Ralcorp, Nestle Purina,
Peabody Energy, Stifel, U.S. Bank, and Wells Fargo Advisors.
Eat-In KitchenElectric AppliancesTile Floors (Bath/Kitchen)Wall-to-Wall CarpetLarge BedroomsPlantation Blinds and Lined DrapesLarge, Private Storage LockersCeiling FansCable/Internet Ready
Extraordinary MaintenanceLaundry Facility in BasementPicnic Area
Valet RecyclingReserved ParkingResident Day TripsCourtesy Shuttle Bus to Area ShoppingComplimentary, Bi-Weekly Exercise ClassSecured Buildings
UNIT AMENITIES
COMMON AREA AMENITIES
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LOCATION MAP
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AERIALS
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AERIALS
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AERIALS
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AERIALS
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PROPERTY PHOTOS
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PROPERTY PHOTOS
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PRO FORMA INCOME & EXPENSES
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PRO FORMA INCOME & EXPENSES
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COMPARABLE RENTAL PROPERTIES
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COMPARABLE RENTAL PROPERTIES
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COMPARABLE RENTAL PROPERTIES
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ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW
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ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW
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ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW
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ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW
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ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW
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ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW
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ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW
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ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW
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DEMOGRAPHICS
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DEMOGRAPHICS
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DEMOGRAPHICS
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DEMOGRAPHICS
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DEMOGRAPHICS
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DEMOGRAPHICS
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DEMOGRAPHICS
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DEMOGRAPHICS
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ST. LOUISFIRST QUARTER 2015
VACANCY & RENT PERMITS & DELIVERIES EMPLOYMENT GROWTH
VACANCY & RENT COMPARISON
St. Louis headcounts grew by 18,300 positions, or 1.4% annually, up from the 0.7% growth in the preceding year. The education andhealth services sector provided an outsized boost, with 4,700 additions since March of 2014. Medical Transportation Management Iadded 140 jobs to the sector. Hiring was also robust in the trade, transportation and utilities segment with 4,500 new jobs. Overallgrowth was tamped down by the 1,900 government positions eliminated, the only employment sector to contract in the last year.
St. Louis unemployment was 5.5% at the end of the first quarter, matching the national average. The St. Louis rate was down 170 bapoints from one year ago.
The median existing single-family home price advanced 4.2% year over year to $143,600 by the end of the first quarter of 2015. Vaincreased annually since 2013. Buyers were not deterred by the rise as sales accelerated 10.8% from one year ago to 64,500annualized transactions in March of 2015.
Heightened rental demand led to the 380 newly occupied apartments in the last three months. Leasing activity shifted positive from thnegative absorption of 1,640 units in the fourth quarter of 2014. A total of 980 units were absorbed in the last 12 months.
The completion of the 82-unit Central West End City II apartment community in the St. Louis City North submarket accounted for all 3units that came online across the metro in the first quarter. An additional 460 apartments are scheduled to come online by year-end.
Developers filed permits for 990 multifamily units in the last three months. Permitting activity was up from the 950 submissions duringsame time in 2014. Simultaneously, single-family requests advanced from 1,020 permits last year to 1,070 submissions in the firstquarter of 2015.
Vacancy lowered 20 basis points to 7.1% as rental demand exceeded apartment additions in the first quarter. The rate decreased 40basis points from one year ago. Vacancy was tightest in the East of I-44 submarket at 3.2% following a 190-basis-point year-over-yedrop.
At $895 per month in March, rents advanced 0.5% since December. The increase was part of a 2.6% annual rise in average asking Operators scaled back concessions to four days of free rent at quarter-end.
Berkadia.com|ApartmentUpdate.com
ST. LOUIS OFFICE | 636.391.3911
a Berkshire Hathaway and Leucadia National company For sources & disclaimer: apartmentupdate.com/source
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DISCLAIMER & CONFIDENTIALITY AGREEMENT
The material contained in this document is confidential, furnished solely for the purpose of considering investment
the property described therein and is not to be copied and/or used for any purpose or made available to any othe
person without the express written consent of Berkadia Real Estate Advisors. In accepting this, the recipient agrees
keep all material contained herein confidential.
This information package has been prepared to provide summary information to prospective purchasers and to
establish a preliminary level of interest in the property described herein. It does not, however, purport to present al
material information regarding the subject property, and it is not a substitute for a thorough due diligence
investigation. In particular, Berkadia Real Estate Advisors and seller have not made any investigation of the actual
property, the tenants, the operating history, financial reports, leases, square footage, age or any other aspect of th
property, including but not limited to any potential environmental problems that may exist and make no warranty o
representation whatsoever concerning these issues. The information contained in this information package has bee
obtained from sources we believe to be reliable; however, Berkadia Real Estate Advisors and Seller have not
conducted any investigation regarding these matters and make no warranty or representation whatsoever regardin
the accuracy or completeness of the information provided. Any pro formas, projections, opinions, assumptions or
estimates used are for example only and do not necessarily represent the current or future performance of the prop
BerkadiaREA and Seller strongly recommend that prospective purchasers conduct an in-depth investigation of ever
physical and financial aspect of the property to determine if the property meets their needs and expectations. We a
recommend that prospective purchasers consult with their tax, financial and legal advisors on any matter that may
affect their decision to purchase the property and the subsequent consequences of ownership.
All parties are advised that in any property the presence of certain kinds of molds, funguses, or other organisms m
adversely affect the property and the health of some individuals. Berkadia Real Estate Advisors recommends, if
prospective buyers have questions or concerns regarding this issue, that prospective buyers conduct further
inspections by a qualified professional.
The Seller retains the right to withdraw, modify or cancel this offer to sell at any time and without any notice or
obligation. Any sale is subject to the sole and unrestricted approval of Seller, and Seller shall be under no obligati
to any party until such time as Seller and any other necessary parties have executed a contract of sale containing
terms and conditions acceptable to Seller and such obligations of Seller shall only be those in such contract of sale
For more information on these and other Berkadia Real Estate Advisors exclusive listings, please call or visit our website atwww.BerkadiaREA.com
Berkadia Real Estate Advisors is the nations largest real estate firm focused exclusively on the sale of multifamily propertieinformation contained herein is from sources deemed to be reliable; however, it is not guaranteed. Printed in the USA. All rreserved.
Copyright 2015 Berkadia Real Estate Advisors.
For Real-Time Property Information
Scan QR code or go to:
FatimaGermania.BerkadiaREA.com
12444 Powerscourt Drive, Suite 410
St.Louis,Missouri63131
Phone:636.391.3911 | Fax: 636.391.3914
Berkadia.com
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