Investment Highlights

Proven Value-Add: Some of Legacy’s units have upgraded appliances, flooring, and cabinets. These units are achieving rent premiums, providing a model for a value-add initiative that could increase annual NOI

Enhance Curb Appeal: New ownership will have the potential to enhance Legacy’s external curb appeal by improving the property’s branding, signage, and/or landscaping

Recent Economic News: 

• UPS - $750 million investment; 1,000+ Jobs
• Ford - $1 billion investment in local facilities
• El Toro - $10.5 million investment; 400 jobs
• Kentuckiana Curb Co - $50 million investment; 400 jobs
• GE Appliances - $62 million investment; 260 jobs
• QSR, Roll Forming Corp, Kroger, Bastian Solutions, CSAT - $53.3 million total recent investment

Implement Green Program: A green efficiency program can be implemented by new ownership by installing low flow toilets, showerheads, and faucets as well as LED lights.

Top 10 City: 

• #2 - Metro Areas with the Most Profitable Businesses (Lending Tree)
• #4 - Busiest US Cargo Airport (ACI)
• #4 - Top Cities with the Happiest Workers (CNBC)
• #6 - Best US City for Remote Working (HighSpeed)
• #8 - Where U.S. Manufacturing is Thriving (Forbes)
• #8 - Best Cities for New College Grads (Smart Asset)

Proximity to Demand Drivers: 

• UPS Worldport (23,533 jobs)
• Ford (13,020 jobs)
• Norton Healthcare (12,579 jobs)
• Humana (12,000 jobs)
• Baptist Healthcare Systems (8,143 jobs)
• University of Louisville (6,394 jobs)
• GE Appliances (6,000 jobs)
• UofL Health (6,000 jobs)
• Amazon (5,700 jobs)