Investment Highlights

Unmatched Amenities Package: The Drake offers Bowling Green’s premier amenities package:
• Amenity-Rich Clubhouse w/ Flat Screen TV, Furniture, Fireplace, & Leasing Office as well as:
    - Connection Cafe w/ Starbucks Coffee
    - Billiards & Gaming Area 
    - 24/7 Ultra Modern Fitness Center
    - Yoga, Cycling, & Kickboxing Studio w/ FitnessOnDemand
• Resort-Style Swimming Pool w/ Tanning Ledge
• Outdoor Covered Lounge Furniture
• Poolside Cabanas
• Dining Area/Outdoor Kitchen
• Ping Pong Table
• Astroturf area w/ Cornhole boards
• 2 Dog Parks w/ Obstacles
• 3 Outdoor Fire Pits w/ Stainless Steel Grills
• Trash Compactor
• Garages
• All LED lighting
• Gated Access

Upside Opportunities: Several value-add opportunities exist to possibly improve the property’s financial performance and tenant retention:
•  Construct a playground - The Drake sits on 30 acres, with ample room to construct a playground for residents with children
•  Add covered parking - The Drake offers 30 garages which rent for $150/month and are currently on a wait list. New ownership could potentially construct a covered parking area and charge $75 per parking spot
• Privacy fencing - While the property currently offers Gated Access, new ownership could choose to fence in the entire site for added privacy to tenants

Access to High-Quality Schools & Retailers: Tenants of The Drake have immediate access to Bowling Green’s top retail and schools:
• The property’s assigned Elementary, Middle, and High Schools are all ranked 7/10 or higher by Greatschools.org. Additionally, the brand new, $20 million Cumberland Trace Elementary School is adjacent to The Drake and set to open in August 2021
• Greenwood Mall is less than 2 miles from The Drake, anchored by JCPenney, Old Navy, Dillard’s, & Belk. Additional retail in the area includes Sam’s Club, Kroger, Walmart, TJ Maxx, Chick-Fil-A, Best Buy, Lowe’s, Regal, Target, & Starbucks
• The Shoppes at Gary Farms is a 100,000 SF shopping center anchored by Dick’s Sporting Goods, PetSmart, & Bed Bath & Beyond

Growing Industrial Sector: The below 4 companies all recently announced investments in their Bowling Green facilities, totaling over $282 million:
• Kobelco Aluminum - $42 million investment
• Georgia-Pacific - $100 million investment
• Bendix Spicer Foundation Brake LLC - 130,000 SF expansion
• Henkel & ALPLA - $130 million investment

State-Leading Job & Population Growth: In the last few years, Warren County's population has grown at a higher rate than any other county in the state. In addition, Bowling Green is adding the most jobs in the state, with a 5-year job growth of 10.6% as evidenced in part by additional area job announcements:
• Alpla - $6.9 million investment
• Precision Strip - $31.7 million investment / 31 jobs
• Pan-Osten - $3.15 million expansion / 30 jobs

Robust Demand Drivers: Bowling Green is home to several staple employers in the auto manufacturing, retail, education, and medical sectors:
• GM’s Bowling Green Plant - Since 2011, GM has invested roughly $900 million in this plant which has produced over 1,000,000 Corvettes since 1981. The plant is 1.7M square feet and employs nearly 1,400 people
• Fruit of the Loom Brand Shop Outlet - 1,292 jobs
• Western Kentucky University - 4,646 jobs / 18,183 students
• Houchens Industries - 1,062 jobs
• The Medical Center at Bowling Green - 316 beds / 2,222 jobs
• TriStar Greenview - 211 beds
• Graves Gilbert Clinic - 794 jobs

Bowling Green’s High Quality of Life: Bowling Green is an amenity-rich city with a below-average cost of living, providing its residents the opportunity to take advantage of a high quality of life:
• Bowling Green’s Cost of Living score is 91 (U.S. Average - 100) - AreaVibes
• Median Household Income in Zip Code 42103 is $61,377
• Local entertainment includes Regal Theater, Capitol Arts Center, Public Theatre of Kentucky, National Corvette Museum, Bowling Green Ballpark, Beech Bend Amusement Park, & Lost River Cave