Investment Highlights

Light Value-Add Opportunity: New ownership will have the opportunity to add value to the property through a light renovation, such as painting the cabinets, replacing the fixtures, or adding stainless steel appliances. 

Rent Upside Via Loss-to-Lease Burnoff: New ownership will have the opportunity to increase NOI through loss-to-lease burnoff as leases expire bringing units to market rent levels.

Excellent Amenity Package: Enclave at Breckenridge offers an outstanding amenities package that has been recently updated, including 24-hour fitness center, luxurious swimming pool, playground, grilling station, covered pavilion with seating, hammocks, and a leasing office/clubhouse.

Access to Louisville’s Premier Retail Centers: Enclave at Breckenridge is ideally positioned near Louisville’s premier shopping centers, including
• Oxmoor Center | 918,536 SF
• Mall St. Matthews | 1,019,075 SF
• Springhurst Towne Center | 810,330 SF
• Paddock Shops | 367,500 SF

Abundant Development Underway: According to Louisville Business Journal’s Crane Watch, 25+ projects are either proposed, planned, or under construction around Enclave at Breckenridge in the Retail, Hotel, Healthcare, Industrial, Mixed-Use, and Office sectors. Additional submarket highlights include: 
• $42.5 million; 107,000 SF community center
• Ramada Plaza Renovation: $10-$15 million hotel renovation
• Project Bingo: $18-$40 million; 287,000 SF warehouse construction
• Southpointe Commons: $80 million; 363,000 SF shopping center including retailers and restaurants
• Hurstbourne Business Center Expansion: $100 million; 5 story hotel with retail and multiple restaurants

Louisville Employers Expanding: Enclave at Breckenridge is located in the submarket of the Ford Kentucky Truck Plant, and Ford is one of the companies expanding or investing into Louisville, including:
• Ford: $1 billion investment
• GE Appliances: $80 million investment
• Louisville Airport: $75 million of $400 million total investment planned in 2021
• Amazon: 142,000 SF facility; 200 jobs
• McKesson Corp: Hiring 1,200 jobs for vaccine distribution
• Brown-Forman Distillery: $96 million expansion

Major Louisville Employers: Louisville is home to dozens of companies that employ over 1,000 people, highlighted by UPS (23,533 jobs), Ford (13,020 jobs), Norton Healthcare (12,579 jobs), and Humana (12,000 jobs)

Nationally Ranked Metro: Louisville has gained national attention due to its growing economy and lifestyle, including:
• #2 - Busiest US Cargo Airport (aci)
• #2 - Metro Areas with the Most Profitable Businesses (lendingtree)
• #4 - Cities with the Happiest Workers (cnbc)
• #6 - Best Cities for Remote Workers (highspeedinternet)
• #8 - Best Cities for College Grads (smartasset)

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