Midtown Plaza | Kansas City, MO | 107 Units | Built in 2022

Before AFI

75%

Occupancy

Economic Occupancy

71%

Income

$106,064

$4,992

Receivables

AFI Stabilized

98%

Occupancy

98% 

Economic Occupancy

$157,568

Income

$613

Receivables

    • Class A property in growing Midtown Kansas City 

    • Absent Management, lack of consistent on-site presence 

    • Low physical occupancy 

    • Uncontrolled Criminal Activity (Break-ins, Theft, and Neighborhood Homeless Population)

    • New on-site Property Manager placement through AFI Manager Training Program 

    • Relentless non-tolerance of criminal activity 

    • Ownership collaboration with pre-onboarding plan to bring 100% of vacant units online immediately.  Brought 100% of vacant units to rent-ready status in first 30 days of onboarding.

    • AFI template online marketing campaign and online / submarket reputation management 

    • Dramatic decrease in 911 call traffic 

    • 20%+ increase in economic occupancy in under 4 months

    • Best-in-class property online and submarket reputation

The Palms | Yuma, AZ | 152 Units | Built in 1986

Before AFI

81%

Occupancy

Economic Occupancy

79%

Income

$141,679

$4,795

Receivables

AFI Stabilized

97%

Occupancy

97%

Economic Occupancy

$200,435

Income

$0

Receivables

    • Well-maintained Class B property in an excellent location

    • Withdrawn management

    • Stable existing tenant base with opportunity to increase physical occupancy 

    • Detailed lease-up plan

    • Optimized marketing strategies 

    • Improved showing techniques and prospect qualification 

    • Lease-up plan executed ahead of schedule 

    • 100% collections 

    • Leading sub-market occupancy 

Bearfoot Landing | New Bern, NC | 72 Units | Built in 1945

Before AFI

78%

Occupancy

Economic Occupancy

39%

Income

$32,380

$39,813

Receivables

AFI Stabilized

99%

Occupancy

99%

Economic Occupancy

$75,651

Income

$0

Receivables

    • Historic asset which had undergone full interior and exterior renovation

    • B+ location near historic downtown New Bern

    • Poor operational standards resulting in low occupancy and over $75k in delinquency

    • Turned over 50% of the rent roll with enhanced applicant screening standards

    • Finished remaining asset physical improvements 

    • Submarket-leading online reputation 

    • Consistent achievement of 98-100% monthly economic occupancy

    • Market-leading rents 

    • Virtually zero 911 call traffic 

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