ANNIE’S TOWNHOMES€¦ · ANNIE’S TOWNHOMES Annie’s Townhomes consists of a 200 unit, two story townhome multifamily property comprised of 14 apartments buildings, a club-13.53

ANNIE’S TOWNHOMES

MEMPHIS, TN

CONFIDENTIAL OFFERING

MEMORANDUM

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CONTACT

STEVE WOODYARD, CCIM

Woodyard Realty Corporation, President

office 901.767.1998 mobile 901.277.7731 fax 888.252.0319

[email protected]

5865 Ridgeway Center Pkwy, Ste. 300 Memphis, TN 38120 WoodyardRealty.com

Please call for more details.

Thanks for recommending us since 1984!

3

PROPERTY OVERVIEW

MULTIFAMILY MARKET LOCATION OVERVIEW PHOTO GALLERY

CONTENTS

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24

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INVESTMENT HIGHLIGHTS PROPERTY PROFILE FINANCIAL OVERVIEW NEIGHORBOOD DESCRIPTION MAPS

MEMPHIS OVERVIEW TOP INDSUTRIES

SALES COMPARABLES RENT COMPARABLES

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Woodyard Realty Corp. is pleased to present Annie’s Townhomes, a 200-unit apartment com-

munity in Memphis, Tennessee.

REPRESENTATION

Woodyard Realty Corp. has been engaged as the exclusive listing broker to represent the Owner

in the sale of the Property. All inquiries and communications with respect to the contemplated

sale of the Property are to be directed to the Listing Agent.

CONFIDENTIALTY

The information in the Offering Memorandum (OM) is proprietary and strictly confidential and

should not be reproduced in whole or in part without express written permission by Woodyard

Realty Corp. Although the information contained herein has been prepared by Woodyard Realty

Corp. or has been provided by sources and/or services deemed reliable, none of such infor-

mation has been verified and no representation either expressed or implied is made to the ac-

curacy thereof. All information contained herein is further subject to correction, modification,

or withdrawal without further notice.

PROCESS AND TERMS

Property tours are by appointment only and will require advance notice and scheduling. All site

visits are to be scheduled through Woodyard Realty Corp. without contacting management, site

staff, or residents.

OFFER SOLICITATION

Offers should be submitted in the form of a non-binding Letter of Intent, along with the Princi-

pal’s qualifications to close, proof of funds, and a lender reference letter.

CONFIDENTIALITY AGREEMENT

OFFERING SUMMARY

Annie’s Townhomes

2603 Pojest Drive Memphis, Tennessee 38127

ASKING PRICE

$8,000,000 $40,000/Unit

SALES TERMS

Free and Clear

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PROPERTY OVERVIEW

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INVESTMENT HIGHLIGHTS

ANNIE’S TOWNHOMES Annie’s Townhomes consists of a 200 unit, two story townhome

multifamily property comprised of 14 apartments buildings, a club-

house, fitness center, laundry facilities, and a pool situated on

13.53 acres. It boasts a 97% occupancy rate. Less than two miles

away from Annie’s Townhomes is Nike’s largest distribution cen-

ter. This 2.8 million square foot facility is open 24 hours, 7 days a

week and employs over 1800 residents.

Value Proposition & Value -Add Opportunities

Demographics

Number of Employees: 5 mile radius

26,958

Median Age 1 mile radius

34

Average Household Income: 1 mile radius

$29,884

Annie’s Townhomes features attractive amenities such as a

pool, fitness center, and basketball and tennis courts. Spa-

cious townhome floorplans with onsite laundry facility and

parking are a stand-out among the area supply of workforce

housing.

• Renovations in the submarket have been popular this cycle.

There are roughly 1,000 units under renovation in the Frayser

-Raleigh submarket of Memphis. The submarket’s plethora of

vintage C grade properties has attracted investors wanting to

add value in order to push rents. Residential home prices in-

creased by 50% over the past year showing new interest in

the submarket.

• Rent growth has been strong and is close to 3.0%. Sales activ-

ity has been solid recently and has already doubled the histor-

ical average in 2018. This submarket connects renters with

downtown, jobs inside and outside of the submarket, and the

Memphis international Airport. The area has a high concen-

tration of manufacturing and warehousing jobs fitting the in-

dustrial culture of Memphis.

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PROPERTY PROFILE

ANNIE’S TOWNHOMES

AMENITIES & FEATURES

Dishwasher

Garbage Disposal

Ceiling Fans

Carpet

Cable Ready

Balcony

Fireplace

Hardwood Floors

Satellite TV

Storage Units

Walk-In Closets

Washer/Dryer

Hookup

Bed Bath Avg SF # Units Avg Asking Rent/Unit

Avg Asking Rent/SF

1 1 500 2 $502 $1.00

2 1.5 956 106 $565 $0.59

2 1.5 1156 88 $602 $0.52

3 1.5 1200 2 $774 $0.64

UNIT MIX

Clubhouse

Pool

Tennis Court

Fitness Center

Playground

Onsite Parking

Laundry Facilities

Balcony

Curbside Trash

Pickup

Year Built Class Number of Buildings Number of Stories Lot Size Parking Spaces Parking Ratio Gross SF Zoning

Utilities

DETAILS

1975 C 14 2 13.53 Acres 400 2 per unit 324,780 RU-3 Separately Metered

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FLOORPLANS

ANNIE’S TOWNHOMES

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FINANCIAL OVERVIEW

ANNIE’S TOWNHOMES

Property

Address Parcel # Acreage Tax Appraisal Assessment County (3.19) City (4.05) Total Taxes

2603 Pojest Drive 07-2073-0-0015 13.53 $1,343,900 $537,560 $17,180.34 $21,771.18 $38,951.52

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Frayser is located in Memphis, Tennessee, and the

submarket has easy access to transportation. Major

state routes and highways connect renters with

downtown, jobs inside and outside of the submar-

ket, and the Memphis International Airports, which

employs 1 in 4 Memphis residents. Just 1.3 miles

away is major employer, Nike. The campus is Nike’s

largest North American distribution center at 2.8

million square feet and operates 24 hours, 7 days a

week. Nike’s expansion created more jobs for the

Frayser neighborhood and now employs approxi-

mately 1800 Memphians.

136k

$ 29.8k

9mi 11400+ 47%

FROM THE PROPERTY JOBS SUPPORTED MINORITY EMPLOYEES

8.49mi 4300+ $9

FROM THE PROPERTY

JOBS SUPPORTED

BILLION DOLLAR EXPANSION

1.3mi 1800+ 2.8mil

FROM THE PROPERTY JOBS SUPPORTED SQUARE FOOT

6.5mi TOP 5 1 of 4

FROM THE PROPERTY RANKED ZOO IN THE COUNTRY U.S. ZOOS WITH PANDAS

100k+ 15K+ 200+

STUDENTS SERVED JOBS SUPPORTED SCHOOLS

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AERIAL

ANNIE’S TOWNHOMES

Address: 2603 Pojest Drive

Memphis, TN 38127

Parcel No.: 07-2073-0-0015

Lot Size: 13.53 Acres

589, 367 Sq. Ft.

Zoning: RU-3

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MAP

ANNIE’S TOWNHOMES

Nike’s North America Logis-tics Campus (1.3 mi)

2.8 MILLION SF

Subject Property

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SALES COMPARABLES

RENT COMPARABLES

MULTIFAMILY MARKET

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SALES COMPARABLES

ANNIE’S TOWNHOMES

PENDLETON PLACE

Address 1780 Pendleton Street

Zip Code Memphis, TN 38114

Sale Price $6,000,000

Price/Unit $50,000

# of Units 120

Sold Date 7/17/2018

Year Built 1950

DEERFIELD APARTMENTS

Address 2155 Deercrest Lane



Price/Unit $46,985

# of Units 136

Sold Date 3/32018

Year Built 1970

ANNIE’S TOWNHOMES

Address 2603 Pojest Drive



Price/Unit $40,000

# of Units 200

Year Built 1975

SUBJECT PROPERTY

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SALES COMPARABLES

ANNIE’S TOWNHOMES

Address 4266 Ridgestone Drive



Price/Unit $43,333

# of Units 150

Sold Date 7/1/2018

Year Built 1973

KEYSTONE LANDING

THE SPRING TOWNHOMES Address 2780 Raleigh LaGrange



Price/Unit $42,969

# of Units 32

Sold Date 6/11/2018

Year Built 1974

FARONIA SQUARE

Address 1350 S Faronia Square



Price/Unit $40,686

# of Units 204

Sold Date 7/25/2018

Year Built 1969

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SALES COMPARABLES

ANNIE’S TOWNHOMES

CAVIELIER COURT

Address 2510 Peres Avenue



Price/Unit $40,000

# of Units 200

Sold Date 8/1/2018

Year Built 1968

Address 595 Cadraca Drive



Price/Unit $40,000

# of Units 163

Sold Date 9/14/2018

Year Built 1964

OAK GROVE FLATS

AVERAGES

Units: 144

Sale Price: $6,951,667

Prcie/Unit: $43,425

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SALES COMPARABLES

595 Cadraca Drive

Memphis, TN 38122

2603 Pojest Drive

Memphis, TN 38127

2155 Deer Crest Lane

Memphis, TN 38122 2510 Peres Avenue

Memphis, TN 38108

1780 Pendleton Street

Memphis, TN 38114

1350 South Faronia Square

Memphis, TN 38116

4266 Ridgestone Drive

Memphis, TN 38128

2780 Raleigh LaGrange

Memphis, TN 38128

ANNIE’S TOWNHOMES

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RENT COMPARABLES

# BEDROOMS # UNITS AVG SF AVG RENT/UNIT AVG RENT/SF

2 76 1130 $748 $0.66

3 38 1600 $875 $0.55

FEATURES AND AMENITIES

Townhome Floorplans Fireplace Washer/Dryer Hookup High Speed Internet Access

Address 1945 Everetts Folly Drive


Year Built 1973

# of Units 114

Avg Rent/Unit $790

# BEDROOMS UNITS SF RENT/UNIT RENT/SF

1 222 1295 $620 $0.48

2 144 1588 $750 $0.47

VILLAGE OF SYCAMORE

RIDGE

SHADOWBROOK

TOWNHOMES

Pool Picnic Area Clubhouse Walking/Biking Trails

Kitchen Dishwasher Disposal Oven Range

Refrigerator Heating Washer/Dryer Hookup Tennis Court Pool

Address 3318 Petosky St


Year Built 1972

# of Units 366

Avg Rent/Unit $667

UNIT MIX SUMMARY UNIT MIX SUMMARY


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RENT COMPARABLES


2 20 1320 $607 $0.46

3 33 1544 $667 $0.44

4 6 2400 $809 $0.34

Address 4258 Green Hall Way


Year Built 1970

# of Units 59

Avg Rent/Unit $664


1 40 694 $559 $0.81

2 128 984 $649 $0.66

3 14 1232 $810 $0.66

RALEIGH COURT

TOWNHOMES

THE COVES AT

YALE

Refrigerator Tile Floors Washer/Dryer Hookup High Speed Internet Access

Balcony Eat-in-Kitchen Dishwasher Disposal Patio

Refrigerator Air Conditioning Washer/Dryer Hookup Courtyard Pool

Address 5022 Yale Road


Year Built 1973

# of Units 182

Avg Rent/Unit $642


Balcony Carpet Dishwasher Oven Range



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RENT COMPARABLES


Studio 4 600 $416 $0.69

2 24 750 $526 $0.70

3 138 1147 $627 $0.55

4 10 1625 $76409 $0.47

Dishwasher Range Refrigerator Disposal

Address 4000 Rio Lobo Drive


Year Built 1972

# of Units 176

Avg Rent/Unit $616


1 80 550 $541 $0.98

2 112 675 $593 $0.88

3 64 950 $713 $0.75

RIVERGROVE TOWNHOMES &

APARTMENTS

RIDGECREST

APARTMENTS

Walk-In Closets Washer/Dryer Hookup Gated Picnic Area Pool

Townhome Floorplans Carpet Refrigerator Tile Floors

Business Center Laundry Facilities Playground

Address 2570 Woodcliff Drive


Year Built 1973

# of Units 256

Avg Rent/Unit $607

FEATURES AND AMENITIES FEATURES AND AMENITIES


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RENT COMPARABLES


2 42 916 $672 $0.73

3 30 1121 $779 $0.70

Air Conditioning Carpet Dishwasher Refrigerator Oven

Address 2820 Hibiscus Lane


Year Built 2005

# of Units 72

Avg Rent/Unit $714


1 34 573 $586 $1.02

2 54 618 $685 $1.11

3 44 945 $799 $0.85

4 18 962 $829 $0.86

WOODGLEN

VILLAGE

TODD CREEK

APARTMENTS

Heating Kitchen Tub/Shower

Address 1541 Northside Drive


Year Built 1974

# of Units 150

Avg Rent/Unit $713


Washer/Dryer Hookup Playground Wheelchair Accessible Rooms Basketball Court Laundry Facilities



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RENT COMPARABLES


1 33 750 $455 $0.61

2 94 1038 $587 $0.56

3 44 1227 $861 $0.70

Laundry Facilities Patio/Balcony Playground

Address 2801 Raja Road


Year Built 1973

# of Units 171

Avg Rent/Unit $629


1 384 576 $513 $1.02

2 127 823 $593 $1.11

3 20 1080 $725 $0.85

BREEZY POINT AVERY PARK

APARTMENTS

Storage Units Washer/Dryer Fitness Center Playground Pool Tennis Court

Address 4845 Bontura Drive


Year Built 1974

# of Units 231

Avg Rent/Unit $575


Balcony Dishwasher Disposal Oven Refrigerator



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RENT COMPARABLES

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LOCATION OVERVIEW

MEMPHIS, TENNESSEE

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INTRODUCTION

#1 Economic opportunity in-dex city for economic pro-spects and housing afford-ability (business insider)

2ND MOST POPULATED METRO AREA IN TENESSE

42% OF MEMPHIS MSA IS COMPRISED OF RENTERS 15% LOWER COST OF LIVING THAN

THE NATIONAL AVERGAE

Frommer’s travel guide names Memphis “Best Places to Go in 2019”

A city rich in history, culture, music, and southern cuisine, 2019 will

be a standout year for Memphis as it celebrates 200 years. Tourism is

an economic development engine for the city and generated $3.5 bil-

lion in 2017.

Strategically located on the Mississippi River, the “bluff city” is home

to more than 1.3 million residents, several colleges and universities,

and multiple Fortune 500 companies, such as FedEx, International Pa-

per, and AutoZone. Greater Memphis is a cultural hotspot brimming

with revitalization and growth in 2019 as the city celebrates its 200th

anniversary.

Greater Memphis’ geographic location has allowed the city to become

a national leader in logistics. The area offers efficient supply chain

connectivity to reach markets around the world and is home to one of

the busiest cargo airports in the world as well as the fifth largest in-

land port in the U.S. Memphis also boasts the third largest rail center

in the nation with five class I railroads and can reach more markets

through overnight truck service due to the access to some of the na-

tion’s key interstates. In the past four years, Memphis has seen $13

billion in over 250 revitalization projects that have reshaped down-

town. Currently St. Jude is constructing a $412 million advanced re-

search center, the largest capital project in Memphis’ history.

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LOCATION OVERVIEW

Busiest Cargo Air-port in the U.S.

The city’s strategic location on the Mississippi River has allowed

Memphis to become a major logistics hub. Known as America’s Dis-

tribution Center, the Memphis economy thrives off the 4 R’s: Run-

way, River, Rail, and Road. The Memphis International Airport is the

busiest cargo airport in North America and is home to major FedEx

and UPS operations. The annual economic impact of the airport is

$23.3 billion. The Port of Memphis is the fifth largest inland port in

the U.S. and the second largest inland port on the Mississippi River;

the port has a $8.46 billion annual economic impact on the city.

Memphis is served by five Class I railroads, and the Port recently re-

ceived a $1.7 million grant to add new railroad tracks which will in-

crease rail capacity by 15%. Due to access to major interstates, over

150 markets can be reached overnight by truck from Memphis.

With a reliable and cost effective way to move product, Greater

Memphis boasts a thriving manufacturing industry with 1,045

manufacturing firms employing more than 43,700 residents. In

2017, Memphis GMP was $72.5 billion and continues to in-

crease. Fortune 500 company, International Paper employs

over 2000 residents. The city also boasts the 2nd busiest medi-

cal device manufacturing center in the U.S. There are over 47

medical device companies including headquarters to companies

such as MicroPort, Smith & Nephew, and Wright Medical. The

medical device manufacturing industry alone employs more

than 16,800 employees. Memphis is also home to the third

largest medical device company in the global spine industry,

NuVasive.

3rd Largest Rail Center in the Nation

$23.3 Billon MEM Airport Economic Impact

1045 Manufac-turing Firms

43700 Local Employees

$72.5 Billion GMP

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LOCATION OVERVIEW

In the last decade the healthcare industry in Memphis has

boomed. This sector employs more than 74,000 residents and

generates over $3.4 billion in output. St. Jude and Methodist Le

Bonheur Healthcare combined employ over 13,000 residents. The

University of Tennessee Health Science Center is an epicenter for

degrees in health professions with approximately 4,000 students

and more than 6,000 faculty and staff. In 2017, UTHSC opened a

$36.7 million educational facility designed to allow students to

train together in simulation settings. The University of Tennessee

Health Science Center contributes more than $2.7 billion to the

local economy.

MAJOR EMPLOYERS

Employer Industry Employees

FedEx Corp. Distribution 30,000

Shelby County School District Education 16,000

United States Government Government 13,700

Tennessee State Government Government 12,400

Methodist Le Bonheur Health Care Healthcare 10,900

Baptist Memorial Health Care Healthcare 8,700

Naval Support Activity Mid-South Military 7,500

City of Memphis Government 6,700

Shelby County Government Government 5,800

Walmart Stores, Inc. Retail 5,300

UT Health Sciences Center Healthcare 4,200

The Kroger Company Retail 4,100

St. Jude Children’s Research Hospital Healthcare 3,700

DeSoto County School District Education 3,700

Memphis Light, Gas & Water Utility 2,700

ServiceMaster Global Holdings Service 2,500

The University of Memphis Education 2,400

International Paper Manufacturing 2,200

First Horizon National Corporation Financial 2,200

74,000+ Employees

$2.7 Billion Economic Impact

$36.7 Million UTHSC Edu-cational Facil-ity

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LOCATION OVERVIEW

St. Jude Children’s Research Hospital is undergoing a $9 bil-

lion expansion. The first phase has started with the construc-

tion a 625,00 square foot, $412 million advanced research

center, making it one of the largest capital projects in Mem-

phis history. Construction began in the spring and is set to be

finished in 2021. With 5,000 construction workers and 125

vendors, it is one of the largest construction projects in the

city. This state of the art research center is designed to pro-

mote collaboration among researchers with abundant com-

mon areas and natural light. The center will feature cutting-

edge technology in labs among other leading resources to

allow scientists and clinicians to pursue breakthroughs in

treating and curing pediatric diseases. “Every aspect of the

advanced research center has been customized to inspire and

support researchers who seek to lead and collaborate,”

said James I. Morgan, Ph.D., St. Jude scientific director & ex-

ecutive vice president.

“One billion dollars is the capital investment we are making.

You are talking about six years of construction. You are talking

about jobs that are going to be much more oriented toward

technology, automation, modernization. It is going to be

transformative for Memphis and for the state.” - David Cun-

nigham, FedEx CEO

Recently FedEx announced plans to invest $1 billion in the ex-

pansion of its Memphis FedEx Express hub. New construction

will include a secondary sorting facility and a bulk truck load

building, along with conveyor bridges and a tug maintenance

facility. This development is a part of the company’s contin-

ued investment in technology and operations to meet growing

customer demand. Post plan finalization, construction could

begin in 2019 and should be finished by 2025. This expansion

will have major impact on creating new temporary and long

term jobs.

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LOCATION OVERVIEW

Downtown Memphis is a key component of the city’s rich histo-

ry and culture, and city leaders have set out to revitalize the

area. Union Row is a $950 million, 29 acre project for Danny

Thomas Boulevard and Union Avenue. Kevin Adams, the pro-

ject’s developer, feels the site is strategic in the continued

growth of Downtown and the Medical District. The first phase

of the project will include a six-story, 400 unit apartment build-

ing with ground floor retail space and a grocery store. An en-

closed 600-plus car garage will also be included in the apart-

ment component. Continuing west along Union will be addi-

tional apartment buildings with retail space as well as a build-to

-suit office space with residential units and more retail space.

The second and third phases have proposed plans of additional

apartments and a hotel. “This is exactly what we need to com-

plete our Downtown growth from the north end to the south,”

fellow Councilman Ford Canale said.

Elvis Presley Enterprises recently underwent a $137 million

expansion which included the opening of the new resort ho-

tel, The Guest House at Graceland and 200,00 square fee of

new exhibits, museums, and performance space. This expan-

sion brought along with it over 1,000 new jobs and is part of

the efforts to revitalize the Whitehaven, South Memphis

neighborhood. Now that the expansion is complete, a wave

of redevelopment is beginning. Merchants and leaders are

focused now on a $43 million overhaul of three miles of Elvis

Presley Boulevard from Interstate 55 to Shelby Drive. The

first step will be to tear down the Graceland Plaza and re-

place it with a park-like expanse of lawn, landscaping, and

trees. The economic impact of Graceland’s expansion has

been estimated at more than $1.1 billion. The expansion is

considered a game changer for the Whitehaven neighbor-

hood with increased tourism and repercussions of improve-

ments in public safety and transportation.

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LOCATION OVERVIEW

Memphis is a one of kind

city with cul-

ture, diversity, music, and southern cuisine

on every street corner. Home of the Grit &

Grind, millennials are increasingly moving

to the area with motivation to begin their

careers and immerse themselves in a new

community. TIME Magazine ranked Mem-

phis as the top 4th city where millennials

are moving. Memphis has all the features

of a big city but with a low cost of living

and a tight knit community formed by

Memphians dedicated to the prosperity of

their city.

“ Memphis is more than a destination. It is authentic, it is an experience.” - Kevin Kane, President and CEO, Memphis Tour-ism

Located in the heart of Downtown Memphis, Auto-

Zone Park is home to the Memphis Redbirds, St.

Louis Triple A Affiliate. Constructed in 2000, the park

was named the 2009 Minor League Ballpark of the

year by Baseball America. In 2019, AutoZone will

once again host the Triple A National Championship

game. Weekly promotions such as all you can eat or

$2 beer and summer post game firework shows con-

sistently draw in crowds for America’s past time.

The Memphis Zoo spans 70 acres and is

home to more than 4,500 animals. The Mem-

phis Zoo has been ranked as America’s No. 1

zoo by TripAdvisor and is one of only four

zoos to exhibit giant pandas. The Memphis

Zoo is dedicated to preserving wildlife

through education, conservation and re-

search.

Home of The King, Graceland is considered a National

Historic Landmark and welcomes over 500,000 visitors

each year. It is the second most famous home in Ameri-

ca, right after the White House. Elvis Presley Enterprises

recently underwent a $137 million expansion which in-

cluded the opening of the new resort hotel, The Guest

House at Graceland and 200,00 square fee of new exhib-

its, museums, and performance space. It features the

world’s largest and most comprehensive Elvis museum.

The economic impact of Graceland’s expansion has been

estimated at more than $1.1 billion.

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LOCATION OVERVIEW

Downtown Memphis is more than the

6.5-square miles defined as the Central

Business Improvement District (CBID). It

is the area’s fastest growing residential

neighborhood with a sense of communi-

ty that is unrivaled. Downtown is the

Memphis brand. It is Beale Street, the

mighty Mississippi, the Orpheum and the

National Civil Rights Museum. With es-

tablished publicly-traded companies and

aspiring startups sharing the same spac-

es, Downtown is an incubator for good

ideas and great collaborations. Down-

town is Memphis.

Since its beginnings, the Memphis in May organiza-

tion has grown to become an $8 million nonprofit

organization that is recognized around the world as

one of North America’s leading festivals. The Inter-

national Festival hosts some of the city’s largest

events such as the Beale Street Music Festival and

the World Championship Barbecue Cooking Con-

test. More than just events, Memphis in May is a

celebration of Memphis heritage and a major eco-

nomic contributor. In 2018, the festival had a rec-

ord setting economic impact of $137.7 million.

Home to the Memphis Grizzlies and the University

of Memphis Men’s Basketball Team, the FedEx Fo-

rum has become a premier venue located in Down-

town Memphis. The Forum’s “Fans First” service

lead the Grizzlies and the FedEx Forum to being

ranked as the best overall professional sports fran-

chise in North America by ESPN in 2013. The FedEx

Forum has also hosted many concerts of chart top-

ping stars, including Justin Timberlake, Taylor Swift,

Bruno Mars, and more.

Beale Street, the Official Home of the Blues, is

considered America’s Most Iconic Street. Declared

a National Historic Landmark, the street is now

home to three blocks of nightclubs, restaurants

and shops in the heart of Downtown Memphis.

With its rich history and lively atmosphere, Beale

Street is must a see.

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PHOTO GALLERY

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PHOTO GALLERY

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Documents

ANNIE’S TOWNHOMES€¦ · ANNIE’S TOWNHOMES Annie’s Townhomes consists of a 200 unit, two story townhome multifamily property comprised of 14 apartments buildings, a club-13.53