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Built in 1973
- MIGRATION TO SUBURBAN MARKETS RESULTS IN ROBUST RENT GROWTH The Arden-Arcade submarket over the past three years has experienced strong annual rent growth of 9.03%.
- SIGNIFICANT EMBEDDED LOSS-TO-LEASE Given the robust rent growth experienced throughout the submarket, a future owner has the opportunity to collapse substantial embedded loss-to-lease.
- HIGH BARRIERS TO HOMEOWNERSHIP Residents in the Arden-Arcade submarket experience high barriers to entry when it comes to for-sale housing affordability due to limited new construction.