Living / Multi-housing

The Yards at Malvern

554 Lancaster Ave Malvern, Pennsylvania United States 19355-1821
Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Documents

I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2021
Building Area Net
Number of units 225
Occupancy 97.0 %
Call for Offers

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to present the opportunity to acquire The Yards at Malvern (the “Property”), a recently constructed, 225-unit, luxury suburban apartment complex located along Lancaster Avenue (US Route 30) in Malvern, Chester County, Pennsylvania. Completed in October 2021, The Yards at Malvern experienced an exorbitant lease-up, averaging more than 25 executed leases per month between August 2021 and January 2022.The Property’s lease-up pace is a testament to the pent-up demand for luxury suburban living. The Yards at Malvern is the latest luxury suburban offering to open its doors amid a dwindling development pipeline along the Main Line – suburban Philadelphia’s prestigious stretch of affluent communities that run parallel to Lancaster Avenue. Today, the Property is 93% occupied and the Property’s in-place rent of $2,113 ($2.39 PSF) trails the market by $250, or 12%. As a result, investors are offered the opportunity to acquire a luxury asset with significant rental upside upon the signing of new leases and renewals.

Investment Highlights

LUXURY SUBURBAN OFFERING

  • The Yards at Malvern’s luxury unit finishes, paired with its market-leading amenity package, make the Property one of the most impressive, newly constructed assets in the greater Upper Chester County submarket.

EXCEPTIONAL LEASING PERFORMANCE WITH UPSIDE OPPORTUNITY

  • The Yards at Malvern has performed extremely well since its inception, averaging more than 25 signed leased per month from August 2021 through January 2022. Over the past several months, the lease-up performance has continued to perform exceptionally – net effective rents on the last 10 signed leases are averaging $2.69 PSF, which exceeds the blended average in-place rent PSF of $2.39 by more than 10%.

STRONG SUBMARKET FUNDAMENTALS

  • Malvern, Pennsylvania is located in the Upper Chester County multi-family submarket, which has grown consistently over the years. The submarket has delivered 2,300 units since 2020, resulting in a 50% increase in the submarkets’ inventory of Class-A apartments.
Last Updated Date: 15 Sep 2022

There was an error submitting your request. Please try again, or submit you inquiry here.

 

PRIVACY NOTICE

Jones Lang LaSalle (JLL), together with its subsidiaries and affiliates, is a leading global provider of real estate and investment management services. We take our responsibility to protect the personal information provided to us seriously.

Generally the personal information we collect from you are for the purposes of dealing with your enquiry.

We endeavor to keep your personal information secure with appropriate level of security and keep for as long as we need it for legitimate business or legal reasons. We will then delete it safely and securely. For more information about how JLL processes your personal data, please view our privacy statement.

Last Updated Date: 15 Sep 2022

Do you have any questions?  Visit our FAQ page

JLL  financing

JLL can help you finance and manage your portfolio.
Email us today to see how we can help achieve your ambitions.