Economies of Scale
With The Bend, we'll own and operate more than 650 units within a 10-minute radius — alongside Gateway Crossing (6 minutes away) and Heritage Square (10 minutes away), both acquired in 2025; distributing and performing today. Same team, same submarket, shared staffing and vendor relationships already in place. We're not learning this market; we're deepening a footprint we already run.
Focused Capital has identified The Bend Apartments as a high-conviction opportunity with strong fundamentals and built-in operational advantages.
Strategically located in the Louisville MSA, The Bend offers immediate scale, low-risk debt, and long-term upside. With stabilized performance, shared management infrastructure, and proximity to major employers and retail, this asset delivers the ideal balance of income and growth for accredited investors.
Exceptional Pricing Advantage
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Acquiring at $54M ($173k per unit)
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Significantly below replacement cost ($220k+ per unit)
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Built-in tax incentive providing a $475k/year reimbursement to the property tax bill through 2040
Strong Cash Flow & Appreciation Potential
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Projected IRR: 15.2%
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Equity Multiple: 1.90x
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Strong Avg. Cash Flow to Investors: 7.4%. 6.6% Year 1
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Low New Supply: 70%+ decline in new construction starts
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Nearby owned properties are averaging 95% occupancy, outpacing the market average
Superior Financing Terms & Tax Advantages
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Agency financing at low leverage(~70% LTV), 5.35% fixed rate, 3 years interest-only, 5 year term
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In-place tax incentive providing a $475k/year reimbursement to the property tax bill through 2040
Exclusive Economies of Scale + Optimized Management
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Uniquely positioned with 650+ units under consolidated management in the immediate vicinity
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Proven professional management team already in place
