Investment Overview

The Kuroiwa Group is pleased to present Decatur Flats, a 110-unit multifamily community located in Decatur, Illinois. Built in 1968, the property offers investors an established asset positioned in a market anchored by nationally recognized manufacturing and logistics employers. Decatur is home to Archer Daniels Midland, Caterpillar, Mueller, and Primient, alongside a growing cluster of logistics operators supported by the Midwest Inland Port. These employers represent thousands of high-paying jobs that provide a stable renter base and long-term demand fundamentals. Decatur has earned national recognition for its economic strengths, ranking #10 among Top Manufacturing Hubs, #3 for Emerging Logistics and Distribution Centers, and #9 for Industrial Parks (Business Facilities). Further supporting investor confidence, the city was recognized by Oxford Economics as the most affordable housing market in the nation and recently named one of the fastest-appreciating housing markets in the U.S., with year-over-year home price growth exceeding 12%. Multifamily performance mirrors these fundamentals, with Decatur achieving 95.7% occupancy and 5.2% annual rent growth through Q1 2025. For investors, Decatur Flats represents the opportunity to acquire a cash-flowing asset on an attractive basis in a market with 0 new multifamily units under construction within a five-mile radius. With average in-place rents below market levels and strong rental fundamentals across the submarket, the property offers both immediate yield and measurable upside potential. Coupled with stable occupancy and a diversified employment base, Decatur Flats provides a compelling blend of durable income and long-term appreciation.