| CREOP

Introducing Billings Brownstones, a prime 22-unit townhome development strategically situated in the heart of the East Billings Urban Renewal District. This shovel-ready project presents an exceptional build-to-rent opportunity, with an estimated total project cost of $5.2 million. Anticipated to generate a Gross Annual Income of approximately $425,160
This development has received preliminary approval for a Tax Increment Financing (TIF) allocation of $540,000.

Billings is on track to recover after rising swiftly over the past two years due to the impacts of new construction. Over the past year, renter households absorbed 480 units, bringing vacancy lower. One year ago, the overall vacancy rate was 10.0%, and it now sits at 8.3%.

FOR MORE DETAILS CONTACT

Thomas Lewis

Sr Multifamily Advisor

(980) 347-9229

tlewis@ardorcre.com

339469

Jim Pryor

Managing Partner

(704) 620-8745

jim@ardorcre.com

Lic: NC 300373 SC 105555