Progress report! Our current adaptive reuse project, Altura, is taking shape! See the latest in our construction update. The pool is being poured, exterior finishes are being realized, and units are nearing completion. We can’t wait to welcome our first residents in late 2024!
We can complete 3-unit renovations in one day without displacing tenants. Our quick and efficient process enables us to renovate a 300-unit community in 5-6 months. The result of the rapid renovations means investors benefit from an increase in rent and an overall increase in the value of each property without the vacancy and lease-up risk. We achieve top-line revenue growth through rent and other income by implementing efficient operating processes, restoring deferred maintenance, and improving curb appeal. We believe that if you take care of your properties, the properties will take care of you.
We are excited to announce the addition of Reserve at Hamburg to our portfolio! Reserve at Hamburg boasts 318 units of 1, 2, and 3 Bedroom apartment homes. Located in the the top submarket of Lexington, Kentucky, this property offers residents a great mix of modern living and community charm, with easy access to Lexington’s attractions. We are genuinely excited about this new venture and are eager to leverage our expertise to enhance the value of this community.
Ackermann Group has purchased a Class A Office Building in the Cincinnati suburb of Fields Ertel, Ohio. Construction began August 2023 and will complete in late 2024. Our versatile units, ranging from studios to two-bedroom apartments, will offer superior unit amenities such as walk-in closets, quartz countertops, and in-unit washers/dryers. The property will boast a wealth of premium community amenities as well, including a workout facility, pickleball court, co-working spaces, and more. Conveniently located near dining, shopping, and entertainment options, these apartments will provide a sophisticated, luxurious, resort-style living experience!