Investment Overview

The Aviles Group at Marcus & Millichap has been exclusively retained to sell the Silk City New Construction Portfolio, a 102-Unit/three-building portfolio located in Paterson, New Jersey (the "Property"). The Silk City New Construction Portfolio represents a unique opportunity to achieve scale in an emerging market with a stable cash flow and favorable assumable debt. The subject properties currently have a 20 Year Tax Abatement and are exempt from rent control for 30 years from issuance of certificates of occupancy.