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|EXCLUSIVE MULTIFAMILY OFFERING

Managing Director

4101-4141 Germania Street | St. Louis, MO 63116


112 Units | Built: 1965

ANDREA KENDRICK

4205-4261 Fatima Drive | St. Louis, MO 63123


Units | Built: 1965

KEN ASTON
636.391.3911
Ken.Aston@berkadia.com
Associate Director

636.391.3911
Andrea.Kendrick@berkadia.com

172 TOTAL UNITS | UNPRICED OFFERING

Same Ownership and Management for 40+ Years


Exceptional, Value-Add Opportunity
Meticulously Maintained Properties
Offered as a Package or Individually

For Real-Time Property Information go to:


FatimaGermania.BerkadiaREA.com
a Berkshire Hathaway and Leucadia National company

INVESTMENT SALES
KEN ASTON
Managing Director
636.391.3911
ken.aston@berkadia.com

Same Ownership & Management for 40+Years


Exceptional Value-Add Opportunity
Meticulously Maintained Properties
Offered as a Package or Individually

ANDREA KENDRICK
Associate Director
636.391.3911
andrea.kendrick@berkadia.com

For Real-Time Property Information


Scan QR code or go to: FatimaGermania.BerkadiaREA.com
St. Louis Office
12444 Powerscourt Drive
Suite 410
St. Louis, Missouri 63131
Phone: 636.391.3911
Fax: 636.391.3914

Berkadia.com

FINANCING
MICHAEL DUGGAN
Senior Director
314.984.5515
michael.duggan@berkadia.com

OPPORTUNITY
Opportunity

GEM ON THE GREEN VALUATION


1

THE ASSETS

Pro Forma Income & Expenses

12

MARKET POSITIONING

Property Summary

Comparable Rental Properties

13

Location Description

Location Map

Aerials

APPENDIX

Property Photos

St. Louis Economic & Demographic Overview

16

Demographics

26

Market Reports

34

FATIMA ON THE GREEN VALUATION


Pro Forma Income & Expenses

11

GEM ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

OPPORTUNITY
Berkadia Real Estate Advisors, is pleased to offer for sale GEM on the Green and Fatima on the Green, a combined 172
units located in South St. Louis County and City. GEM on the Green features 112 units and Fatima on the Green includes 60
units.
Both properties were built in 1965 and are owned and managed by only the second owner since they were developed. Both
properties have been meticulously maintained and professionally managed for over 40 years. GEM and Fatima offer an
investor a unique, value-add opportunity through renovating unit interiors to achieve a rent premium in the neighborhood.
All tours must be scheduled through the exclusive listing agent, Andrea Kendrick or Ken Aston. Please do not disturb tenants
or management.

GEM ON THE GREEN & FATIMA ON THE GREEN


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PROPERTY SUMMARY
Number of Units
Year Built
Metering
Parking
Total SF
Average SF
Type of Buildings
Roofs
Market Rent
Rent / SF

172
1965
Individual Electric and Gas
Assigned Surface
Fatima - 43,200 / GEM - 62,800
Fatima - 720/SF / GEM - 561/SF
Two-Story, Garden-Style, Brick
Buildings
Pitched Hip
Fatima - $625 / GEM - $499
Fatima - $0.87/SF / GEM - $0.89/SF

PROPERTY DESCRIPTION
Fatima on the Green has long enjoyed the benefit
of its location at Union Road and Fatima Drive in
south St. Louis County. This senior-only community
consists of 15 four-unit buildings which were built in
1965 and sit on 2.95 +/- of beautifully
landscaped acres. The buildings are constructed of
brick with pitched hip design roofs. The entry foyers
and stairs have beautiful terrazzo flooring. Utilities
are individually metered electric and gas. Each
building has a full basement containing oversized,
private storage lockers and washer/dryer
connections.
Each apartment home has a large eat-in kitchen,
new energy-efficient windows and reserved parking behind the building.
GEM on the Green is located at the intersection of Morganford Road and Germania Street in the convenient area of
southwest St. Louis City. The property consists of eight buildings with a total of 112 one- and two-bedroom apartments. GEM
on the Green is directly across the street from River Des Peres Greenway Trail for walking and biking, which is a great amenity
for residents. These buildings are also constructed of brick with pitched hip design roofs and have full basements with storage
lockers and coin-operated washers and dryers.
Residents at both properties enjoy a courtesy shuttle bus to area shopping, day trips to local attractions, and a complimentary
bi-weekly exercise class.

GEM ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

LOCATION DESCRIPTION
GEM on the Green and Fatima on the Greens location in
south St. Louis provides excellent access to Interstate 55 and
270 throughout the entire St. Louis Metro Area. Lambert St.
Louis International Airport is about a half hour from the
properties.
Nearby Carondelet Park is one of the big draws to the
neighborhood and sits on about 180 beautifully landscaped
acres. It ranks as St. Louis third-largest park and features a
beautiful boathouse, rec-center and pool, walking paths,
tennis courts, ball fields, and playgrounds.
Downtown St. Louis is approximately 10 minutes from GEM
on the Green and Fatima on the Green and is home to over
1,600 businesses and nearly 90,000 jobs. Downtown offers
the highest concentration of legal, financial, government,
and creative businesses in the region. Over $5 billion has

UNIT AMENITIES
Eat-In Kitchen
Electric Appliances
Tile Floors (Bath/Kitchen)
Wall-to-Wall Carpet
Large Bedrooms
Plantation Blinds and Lined Drapes
Large, Private Storage Lockers
Ceiling Fans
Cable/Internet Ready

been invested in downtown St. Louis since 2000. There is a


daily population of 133,000+. Recent developments
include Ballpark Village across from Busch Stadium, home
of St. Louis Cardinals baseball, the Peabody Opera House,
St. Louis Public Library, City Arch River, and Union Station.
There are a number of Fortune 1000 headquarters in
downtown St. Louis including Ameren, Anthem Blue
Cross/Blue Shield, AT&T, Anheuser Busch-Inbev, Bank of
America, Fleishman Hillard, HOK, Ralcorp, Nestle Purina,

COMMON AREA AMENITIES


Extraordinary Maintenance
Laundry Facility in Basement
Picnic Area
Valet Recycling
Reserved Parking
Resident Day Trips
Courtesy Shuttle Bus to Area Shopping
Complimentary, Bi-Weekly Exercise Class
Secured Buildings

Peabody Energy, Stifel, U.S. Bank, and Wells Fargo Advisors.

GEM ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

LOCATION MAP

GEM ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

AERIALS

GEM ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

AERIALS

GEM ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

AERIALS

GEM ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

AERIALS

GEM ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

PROPERTY PHOTOS

GEM ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

PROPERTY PHOTOS

GEM ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

10

PRO FORMA INCOME & EXPENSES

Pro Forma Income & Expenses


Fatima on the Green
4205-4261 Fatima Drive, St. Louis, MO 63123

Units

Type

30
30
60

1 Bed / 1 Bath
2 Bed / 1 Bath

Unit SF

Total SF

Market
Rent

Monthly
Market
Rent

Annual
Market
Rent

Rent/SF

625
815
720

18,750
24,450
43,200

$575
$674
$625

$17,240
$20,230
$37,470

$206,880
$242,760
$449,640

$0.92
$0.83
$0.87

Berkadia
Pro Forma

2014
Recasted

2013
Recasted

2013
Actuals

Income
Scheduled Market Rent
Less: Loss to Lease
Less: Vacancy
Plus: Year-One Rent Growth
Net Rental Income

1.00%
5.00%
1.00%

Plus: Fee Income


Plus: Other Income
Total Operating Income (EGI)

Expenses
Administrative/Resident Activities
Advertising & Promotion
Payroll
Repairs & Maintenance/Turnover
Management Fee
Utilities
Contracted Services
Real Estate Taxes
Insurance
Replacement Reserve/CapEx
Total Expenses

4.00%

Per Unit
$160
$25
$761
$1,051
$288
$580
$334
$659
$265
$250

Per Unit:
Per SF:

Net Operating Income

$449,640
($4,496)
($22,482)
$4,496
$427,158

$396,895

$0
$396,895

$0
$395,658

$0
$0
$0
$0
$0

$408
$3,830
$431,396

$400
$3,755
$401,050

$320
$2,480
$398,458

$0
$0
$0

$9,579
$1,500
$45,646
$63,058
$17,256
$34,817
$20,065
$39,513
$15,902
$15,000
$262,335

$9,391
$0
$0
$87,045
$59,754
$34,134
$19,672
$39,122
$15,590
$91,040
$355,748

$9,308
$0
$0
$74,119
$59,346
$31,851
$40,674
$39,140
$14,090
$94,420
$362,948

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$4,372
$6.07

$5,929
$8.23

$6,049
$8.40

$0
$0.00

$169,061

$45,302

$35,510

$0

$395,658
-

GERMANIA ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

11

PRO FORMA INCOME & EXPENSES

Pro Forma Income & Expenses


GEM on the Green (Germania & Morganford)
4104-4141 Germania Ave, St.Louis, MO 63116

Units

Type

Unit SF

Total SF

Market
Rent

Monthly
Market
Rent

Annual
Market
Rent

Rent/ SF

GERMANI A
7
11
14
6
5
3
2
1
1
6
11
8
15
3
3

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

Bed
Bed
Bed
Bed
Bed
Bed
Bed
Bed
Bed
Bed
Bed
Bed
Bed
Bed
Bed

/
/
/
/
/
/
/
/
/
/
/
/
/
/
/

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

Bath
Bath
Bath
Bath
Bath
Bath
Bath
Bath
Bath
Bath
Bath
Bath
Bath
Bath
Bath

540
540
540
540
540
540
540
555
555
555
555
555
555
555
555

3,780
5,940
7,560
3,240
2,700
1,620
1,080
555
555
3,330
6,105
4,440
8,325
1,665
1,665

$465
$475
$490
$500
$515
$525
$550
$350
$450
$465
$475
$490
$500
$515
$525

$3,255
$5,225
$6,860
$3,000
$2,575
$1,575
$1,100
$350
$450
$2,790
$5,225
$3,920
$7,500
$1,545
$1,575

$39,060
$62,700
$82,320
$36,000
$30,900
$18,900
$13,200
$4,200
$5,400
$33,480
$62,700
$47,040
$90,000
$18,540
$18,900

$0.86
$0.88
$0.91
$0.93
$0.95
$0.97
$1.02
$0.63
$0.81
$0.84
$0.86
$0.88
$0.90
$0.93
$0.95

MORGANFORD
1
1
1
1
3
1
1
1
4
2

1
1
1
1
1
1
2
2
2
2

Bed
Bed
Bed
Bed
Bed
Bed
Bed
Bed
Bed
Bed

/
/
/
/
/
/
/
/
/
/

1
1
1
1
1
1
1
1
1
1

Bath
Bath
Bath
Bath
Bath
Bath
Bath
Bath
Bath
Bath

570
570
570
570
570
570
710
710
710
710

570
570
570
570
1,710
570
710
710
2,840
1,420

$480
$490
$500
$505
$515
$535
$585
$600
$615
$635

$480
$490
$500
$505
$1,545
$535
$585
$600
$2,460
$1,270

$5,760
$5,880
$6,000
$6,060
$18,540
$6,420
$7,020
$7,200
$29,520
$15,240

$0.84
$0.86
$0.88
$0.89
$0.90
$0.94
$0.82
$0.85
$0.87
$0.89

561

62,800

$499

$55,915

$670,980

$0.89

Berkadia
Pro Forma

2014
Recasted

2013
Recasted

112

Income
Scheduled Market Rent
Less: Loss to Lease
Less: Vacancy
Plus: Year-One Rent Growth
Net Rental Income

1.00%
5.00%
1.00%

Plus: Fee Income


Plus: Other Income
Total Operating Income (EGI)

Expenses
Administrative/Resident Activities
Advertising & Promotion
Payroll
Repairs & Maintenance/Turnover
Management Fee
Utilities
Contracted Services
Real Estate Taxes
Insurance
Replacement Reserve/CapEx
Total Expenses

4.00%

Per Unit
$149
$25
$471
$836
$233
$389
$130
$475
$281
$250

Per Unit:
Per SF:

Net Operating Income

00-Jan-00

00-Jan-00
$0
$0
$0
$0
$0

$670,980
($6,710)
($33,549)
$6,710
$637,431

$571,377
$0
$0
$0
$571,377

$562,204
$0
$0
$0
$562,204

$459
$14,496
$652,386

$450
$14,212
$586,039

$345
$8,327
$570,876

$0
$0
$0

$16,699
$2,800
$52,777
$93,577
$26,095
$43,604
$14,609
$53,169
$31,438
$28,000
$362,769

$16,372
$0
$0
$115,277
$80,379
$42,749
$14,323
$37,324
$30,822
$103,011
$440,257

$11,184
$0
$0
$122,003
$79,295
$41,156
$19,298
$37,962
$31,106
$99,621
$441,625

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

$3,239
$5.78

$3,931
$7.01

$3,943
$7.03

$0
$0.00

$289,617

$145,782

$129,251

$0

GEM ON THE GREEN & FATIMA ON THE GREEN


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12

COMPARABLE RENTAL PROPERTIES


1. Heritage Estates
9196 Heritage Drive

Units
388

Built
1977

Occupancy
-

St. Louis, MO 63123

2. Park Forest
7529 Fleta Street

Units
194

Type
1/1.00

SF
690

Asking Rent
$720

Rent / SF
$1.04

194
388

2/1.00
Weighted
Avg.

825
758

$778
$749

$0.94
$0.99

Units
242

Built
1970

Occupancy
96.85%

St. Louis, MO 63123


Units
40

SF
670

Asking Rent
$735

Rent / SF
$1.10

112

2/1.00

966

$885

$0.92

52

2/1.50

1,037

$938

$0.90

2/1.50
Weighted
Avg.

1,380
997

$1,080
$902

38
242
3. Park Val
7009 Weil Avenue

Type
1/1.00

Units
188

Built
1962

$0.78
$0.90

Occupancy
-

St. Louis, MO 63119


Units
148

Type
1/1.00

SF
552

Asking Rent
$546

Rent / SF
$0.99

40
188

2/1.00
Weighted
Avg.

915
629

$735
$586

$0.80
$0.93

GEM ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

13

COMPARABLE RENTAL PROPERTIES


on the
S. GEM
Green
4101-4141 Germania

Units
112

Built
1965

Occupancy
94.64%

Street
St. Louis, MO 63116

Units
7

Type
1/1.00

SF
540

Asking Rent
$465

Rent / SF
$0.86

11

1/1.00

540

$475

$0.88

14

1/1.00

540

$490

$0.91

1/1.00

540

$500

$0.93
$0.95

1/1.00

540

$515

1/1.00

540

$525

$0.97

1/1.00

540

$550

$1.02

1/1.00

555

$350

$0.63

1/1.00

555

$450

$0.81

1/1.00

555

$465

$0.84

11

1/1.00

555

$475

$0.86
$0.88

1/1.00

555

$490

15

1/1.00

555

$500

$0.90

1/1.00

555

$515

$0.93

1/1.00

555

$525

$0.95

1/1.00

570

$480

$0.84

1/1.00

570

$490

$0.86

1/1.00

570

$500

$0.88

1/1.00

570

$505

$0.89

1/1.00

570

$515

$0.90

1/1.00

570

$535

$0.94

2/1.00

710

$585

$0.82

2/1.00

710

$600

$0.85

4
2
112

2/1.00

710

$615

$0.87

2/1.00
Weighted
Avg.

710
561

$635
$499

$0.89
$0.89

GEM ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

14

COMPARABLE RENTAL PROPERTIES

S. GEM on the Green &

4101-41 Germania Street

St. Louis

MO

Fatima on the Green

4205-61 Fatima Drive

St. Louis

MO

1.

Heritage Estates

9196 Heritage Drive

St. Louis

MO

2.

Park Forest

7529 Fleta Street

St. Louis

MO

3.

Park Val

7009 Weil Avenue

St. Louis

MO

GEM ON THE GREEN & FATIMA ON THE GREEN


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15

ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW

The St. Louis Metropolitan Statistical Area (MSA) encompasses nearly 8,500 square miles
comprised of 16 counties in both Missouri and Illinois, crosscut by the Mississippi River. With a
current population approaching 2.8 million residents, the St. Louis MSA is the most-populated
metropolitan area in Missouri, the second-largest MSA in Illinois, and the 19th-largest metro
area in the United States. With its diversified economy, central location, strong transportation
infrastructure, low cost of doing business, and highly skilled workforce, Greater St. Louis is a
desirable business location and is home to nine Fortune 500 headquarters.
St. Louis Ranked No. 5 Nationally
in Job Gains in the
Financial Services Industry
(FORBES, 2014)

St. Louis Ranked No. 9 Most


Cost-Friendly
Business
Locations Among Large
U.S. Cities
(KPMG, 2014)

St. Louis Named the 13th


Most Affordable City in
the U.S.

(FORBES, 2014)

St. Louis Ranked No. 12 "Best


Cities for College Students
in the U.S.

(AMERICAN INSTITUTE OF ECONOMIC


RESEARCH, 2013)

GERMANIA ON THE GREEN & FATIMA ON THE GREEN


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16

ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW

ECONOMIC QUICK-FACTS
Lambert-St. Louis International Airport (STL) is a
significant economic engine for numerous industries in
the region. Overall, the airport has a total economic
impact of $3.6 billion in the area and supports
25,000

jobs

through

airlines,

vendors,

service

companies, and the city of St. Louis.


Known for its rich history and hospitality, St. Louis
attracted more than 21.6 million visitors which
generated

an

annual

economic

impact

of

approximately $4.2 billion in 2013.


The St. Louis regional economy was established as a
trading

center,

growing

into

manufacturing

powerhouse, and has expanded into a diversified


service sector over the past two decades. Four key
industry clusters will drive Greater St. Louis job creation
in the coming years. These industries include:
Bioscience
Financial / Information Services
Health Science and Services
Multimodal Logistics / Advanced Manufacturing
The information technology and financial services cluster
employs

more

than

81,500

workers

in

6,200

Scott Air Force Base also plays an integral role in the


metro areas economy, employing 13,000 people with
an annual economic impact of $4 billion. This is an

companies, while the health care industry cluster employs

increase of 40% in the last decade as the base expansion

over 195,000 workers in 6,500 companies.

fueled business growth in the entire region. The base also


supports 40,000 indirect jobs in the St. Louis region.
In 2011, Saudi Arabia announced it will purchase 84 new
F-15 fighter jets from Boeing Defense, Space &
Security, a contract valued at $30 billion. The contracts
regional economic impact will be $2.9 billion annually.
The F-15 program employs 1,000 people directly, along
with 4,000 additional jobs at suppliers or through spin-off
activity. Boeing is the second-largest employer in
Greater St. Louis with 15,000 employees.
According to IHS Global Insight, the St. Louis Gross

The St. Louis metro area is home to more than 103,700

Metropolitan Product (GMP) is projected to reach

businesses, employing over 1.3 million people. Of

$153.5 billion in 2015, increasing 12.1% from 2012.

the 10 Fortune 500 headquarters located in Missouri, nine

The GMP of St. Louis ranks 21st among U.S. regional

are located in Metro St. Louis.

economies, ahead of Charlotte, Pittsburgh, and Tampa.

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17

ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW

POPULATION
From 1990 to 2015, the population of the St. Louis MSA
increased more than 8.4%, growing from 2,580,897 to an
estimated 2,798,304 residents.

POPULATION TREND
ST. LOUIS MSA
2,900,000

increase over 2010.

2,500,000

2,798,304

reach nearly 3.3 million residents by 2060, an 18%

2,600,000

2,787,701

The population of Greater St. Louis is projected to

2,698,687

over the next five years.

2,700,000

2,580,897

2,823,128 people by 2020, equating to a 1.0% increase

2,823,128

2,800,000

The metro areas population is projected to reach

2010

2015*

2,400,000
1990

2000

2020*

*PROJECTED

UNEMPLOYMENT
In 2014, the annual average unemployment rate in the St.
Louis MSA was 6.3%, down 90 basis points from one year
prior. Unemployment continues to improve, decreasing
to 5.9% as of March 2015.

ANNUAL UNEMPLOYMENT RATES


ST. LOUIS MSA
12%

30,000
9.8%

15,000

9%

Over the year ended in March 2015, the St. Louis metro
area noted employment growth of 1.1%, equating to the
addition of 14,800 non-farm jobs.

-15,000

6%
5.9%

3%

-45,000

According to Moodys, Greater St. Louis will see job


growth advance 1.2% by the end of 2015, followed by a

-30,000

0%

-60,000

2.0% gain in 2016, resulting in the net addition of more


than 41,000 jobs over the next two years.

UNEMPLOYMENT RATE

JOBS LOST/ADDED

INCOME
The economic growth of the St. Louis MSA has provided

Metro St. Louis rose from $38,573 to an estimated

$75,000

The metro areas average household income is


projected to reach $84,690 by 2020, up 14.4% from

$25,000

2015, and keeping pace with the projected U.S. annual


gain over the same period.

$0

$38,573

$50,000

1990

$57,004

$74,045, equating to an increase of 92%.

2000

2015*

$84,690

From 1990 to 2015, the average household income in

$100,000

$74,045

for steady increases in personal income for residents.

AVERAGE HOUSEHOLD INCOME


ST. LOUIS MSA

2020*

*PROJECTED

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18

ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW

MULTIFAMILY PERMITS
In 2014, nearly 2,400 multifamily permitsincluding both

2,388

2,350

2,000

2014

2015*

1,500
1,114

1,000
500

908

pace, permitting is expected to reach 2,350 units by


the end of the year.

2,500

1,489

permits have been issued in Metro St. Louis. At its current

1,116

Through March of 2015, approximately 470 multifamily

3,000

1,407

apartments and condoswere issued in the St. Louis MSA.

MULTIFAMILY PERMIT ACTIVITY


ST. LOUIS MSA

0
2009

2010

2011

2012

2013

*PROJECTED

ABSORPTION / CONSTRUCTION
Approximately 659 apartment units were completed in the
3,000

2013

740
1,100

2012

659
1,298

571

2010 when 2,268 units were absorbed. Absorption is


expected to reach 1,100 units in 2015.

2014

2015*

(1,095)

market totaled nearly 1,300 units, the highest level since

749

In 2014, net move-ins in the St. Louis metro apartment

1,500

743

highest level since 2011.

2,268

740 units are forecast to be delivered in 2015, the

522

15.4% from 2013 when 571 units were constructed. About

923
804

St. Louis metro apartment market in 2014, an increase of

NEW CONSTRUCTION VS. ABSORPTION


ST. LOUIS METRO APARTMENT MARKET

-1,500
2009
*PROJECTED

2010

2011

NEW CONSTRUCTION

ABSORPTION

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19

ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW

VACANCY
The average vacancy rate in the St. Louis metro apartment

2010

2011

2012

6.6%

6%

7.3%

7%

6.8%

through the end of 2015.

7.7%

8%

Vacancy is projected to be between 6.1% 7.1%

6.7%

quarter of 2015.

9%

6.7%

from one year prior. Vacancy decreased to 7.1% in the first

AVERAGE APARTMENT VACANCY RATE


ST. LOUIS METRO MARKET

7.6%

market was 7.3% at the end of 2014, down 40 basis points

5%
2009

2013

2014

2015*

*PROJECTED

RENT
Lower vacancy rates are supporting steady rent growth. In

2011

2012

$917

$891

2010

$869

$800

of 2015, increasing 2.9% over 2014.

$846

Average rent is projected to reach $917 by the end

$900

$839

since 2009.

$828

ago rent of $872. Average rent has increased nearly 11%

$1,000

$808

the first quarter of 2015, average rent in the St. Louis metro
apartment market was $895, increasing 2.6% over the year-

AVERAGE APARTMENT RENT


ST. LOUIS METRO MARKET

$700

$600
2009

2013

2014

2015*

*PROJECTED

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20

ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW

ECONOMY / EMPLOYMENT
The economy of Greater St. Louis has diversified in recent

ST. LOUIS MSA

years to include medicine, biotechnology, and other

LARGEST EMPLOYERS

scientific research. The majority of local research and


technology firms are located in the St. Louis I-64 High
Technology Corridor, which extends 36 miles west of
downtown St. Louis and 15 miles to the east.
Approximately 500,000 people are employed within
the High Technology Corridor, equating to over 35%
of the regions jobs.
In addition, St. Louis high accessibility and visibility, combined
with the high number of scientific and technology-based
corporations,

universities,

institutions,

and

highly

BJC Healthcare
Boeing Defense, Space & Security
Washington University in St. Louis
Scott Air Force Base
SSM Health Care
Mercy Health
Schnuck Markets Inc.
Wal-Mart
McDonald's
City of St. Louis

24,082
15,000
14,170
13,000
12,697
12,013
11,008
10,550
9,500
7,463

St. Louis Business Journal, 2015 Book of Lists

skilled

workforce, provide a magnet for new start-ups and expansions.

EDUCATION
Greater St. Louis has a variety of higher-educational
opportunities that produce a steady flow of new workforce
entrants, as well as provide opportunities for continuing
education and training for existing area employees and
businesses. The region is served by more than 30 four-year
colleges and universities, enrolling more than 125,000
students annually.
The city is home to two prominent national research
universities: Washington University in St. Louis and St.
Louis University.
With more than 25,000 graduates produced each year,

ST. LOUIS MSA

LARGEST COLLEGES & UNIVERSITIES


St. Louis Community College
University of Missouri-St. Louis
Washington University in St. Louis
Saint Louis University
Lindenwood University
Southwestern Illinois College
Webster University
Lewis and Clark Community College
Southern Illinois University Edwardsville
St. Charles Community College

21,218
17,085
14,529
13,287
12,151
10,545
9,250
8,060
7,513
7,214

St. Louis Business Journal, 2015 Book of Lists

over 30% of residents over the age of 25 in the metro area


have earned a bachelors degree or higher.

GERMANIA ON THE GREEN & FATIMA ON THE GREEN


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21

ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW

DEVELOPMENT & CONSTRUCTION

CITYARCHRIVER 2015
Construction is under way on CityArchRiver2015, a project that
will increase tourism and encourage visitors to stay at the park
and in the region for longer periods of time. The project will
feature new acres of parkland, bike trails, new spaces for
events and performances, and a revitalized riverfront. This
development will generate an additional $367 million in
revenue and create 4,400 permanent jobs to the region.
CityArchRiver2015 is slated for completion by October 2015, in
time to celebrate the 50th anniversary of the Gateway Arch.

CORTEX INNOVATION COMMUNITY


The Center of Research, Technology, and Entrepreneurial
Exchange (CORTEX) is a consortium of universities, BJC
Healthcare, and the Missouri Botanical Garden. The
ultimate vision is to transform the 240-acre campus in St.
Louis Central West End into a center for biomedical
research. The entire project will be built out throughout five
phases over the next three decades, and could ultimately
support 17,500 new jobs.

BJC HEALTHCARE
The metro areas largest employer is planning to spend $1.2
billion by 2021 to redevelop its main medical campus. The
project will include numerous phases such as adding 200 new
beds, new oncology and patient care towers, and the
expansion

of

the

St.

Louis

Childrens

Hospital.

This

development includes the construction of 1.5 million square


feet of new space and the renovation of 266,000 square feet of
existing space.

GERMANIA ON THE GREEN & FATIMA ON THE GREEN


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22

ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW

DEVELOPMENT & CONSTRUCTION

MONSANTO EXPANSION
The agricultural biotech giant is under construction of a $400
million expansion of its Chesterfield Village Research Center.
Through 2016, the expansion will create 675 new jobs as the
company adds 36 greenhouses, 250 offices / labs, and plant
growth chambers. The company currently employs 1,000 at the
site and the expansion will allow for future growth to 2,000
employees. The expansion will support 700 construction jobs
and is slated for completion by 2017.

STAN MUSIAL VETERANS MEMORIAL BRIDGE


The $670 million New Mississippi River Bridge Project was
completed and opened to traffic on February of 2014. The
1,500 foot cable-stayed bridge across the Mississippi River
on Interstate 70 connects St. Clair County, Illinois, and the
city of St. Louis.

GM WENTZVILLE ASSEMBLY CENTER


In 2013, General Motors added 1,260 new jobs at its
Wentzville Assembly Center when it began the production of
the Colorado truck. The automobile manufacturer invested
$380 million into the plant, adding 500,000 square feet of
space, bringing the facilitys size to 4.2 million square feet.
In early 2015, GM started a third production shift in
Wentzville, adding 750 jobs and deepening the automakers
commitment to the facility.

GERMANIA ON THE GREEN & FATIMA ON THE GREEN


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23

ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW

TRANSPORTATION
Seven major interstate highways travel through Greater
St. Louis, including: I-44, I-55, I-64, I-70, I-170, I-255,
and I-270.
Lambert-St. Louis International Airport (STL) is the
largest airport in the state of Missouri, serving nearly 12.4
million passengers in 2014. Additionally, the metro area is
served by 12 general aviation airports.
Metro Transit operates MetroLink and MetroBus, the public
transportation system for the St. Louis metropolitan region.
MetroLink is a light rail transit system featuring 37 stations
and 46 miles of track. In 2014, MetroLink was the busiest
light rail system in the Midwest, ranked by ridership, and
the 10th-largest in the entire U.S. with more than 17.1
million passengers.
The Port of Metropolitan St. Louis, which extends 70
miles, is the second-largest inland port by trip-ton miles
and third-largest by tonnage. Greater St. Louis is located
within 500 miles of one-third of the U.S. population.

GERMANIA ON THE GREEN & FATIMA ON THE GREEN


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24

ST. LOUIS ECONOMIC & DEMOGRAPHIC OVERVIEW

2010

2,787,701

2010

38.0

2015*

2,798,304

2015*

39.0

2020*

2,823,128

2020*

39.7

Growth Rate (2015 2020)

0.9%

2010

1,109,665

March 2014

$150,050

2015*

1,123,077

March 2015

$158,000

2020*

1,136,241

Growth Rate Y-o-Y

5.3%

Growth Rate (2015 2020)

1.2%

2010

$67,863

Average Mortgage Payment*

$845

2015*

$74,045

Average Rent

$895

2020*

$84,690

Difference

Growth Rate (2015 2020)

* Projected

14.4%

$50

* 30-yr fixed; 20% down; 4.15% interest rate; 1.75% property taxes

Sources: Berkadia; ESRI Business Information Solutions; U.S. Census Bureau;


U.S. Bureau of Labor Statistics; Fortune / Money.CNN.com; Forbes;
Moodys; Wikipedia; Axiometrics; City of St. Louis Center for Business
Research; RealEstateCenter.com; St. Louis Association of Realtors;
Realtor.com; St. Louis Business Journal; St. Louis Today; St. Louis Regional
Chamber & Growth Association; St. Louis Commerce Magazine; Lambert-St.
Louis International Airport; St. Louis Patch-Dispatch; St. Louis Convention &
Visitors Commission; IHS Global Insight; Realtor.com.

GERMANIA ON THE GREEN & FATIMA ON THE GREEN


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25

DEMOGRAPHICS

Site Map
Germania on the Green
4101 Germania St, Saint Louis, Missouri, 63116
Rings: 1, 3, 5 mile radii

Latitude: 38.55918
Longitude: -90.28125

June 08, 2015


2015 Esri

Page 1 of 1

GERMANIA ON THE GREEN & FATIMA ON THE GREEN


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26

DEMOGRAPHICS

Market Profile
Germania on the Green
4101 Germania St, Saint Louis, Missouri, 63116
Rings: 1, 3, 5 mile radii
Population Summary
2000 Total Population
2010 Total Population
2015 Total Population
2015 Group Quarters
2020 Total Population
2015-2020 Annual Rate
Household Summary
2000 Households
2000 Average Household Size
2010 Households
2010 Average Household Size
2015 Households
2015 Average Household Size
2020 Households
2020 Average Household Size
2015-2020 Annual Rate
2010 Families
2010 Average Family Size
2015 Families
2015 Average Family Size
2020 Families
2020 Average Family Size
2015-2020 Annual Rate
Housing Unit Summary
2000 Housing Units
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
2010 Housing Units
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
2015 Housing Units
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
2020 Housing Units
Owner Occupied Housing Units
Renter Occupied Housing Units
Vacant Housing Units
Median Household Income
2015
2020
Median Home Value
2015
2020
Per Capita Income
2015
2020
Median Age
2010
2015
2020

Latitude: 38.55918
Longitude: -90.28125
1 mile

3 miles

5 miles

16,337
16,072
15,763
37
15,571
-0.24%

150,000
143,088
141,415
1,332
140,625
-0.11%

320,285
300,084
298,399
3,606
298,122
-0.02%

7,417
2.20
7,288
2.20
7,193
2.19
7,132
2.18
-0.17%
3,962
2.95
3,884
2.93
3,833
2.92
-0.26%

66,447
2.23
64,207
2.21
63,925
2.19
63,804
2.18
-0.04%
34,155
2.99
33,750
2.97
33,526
2.96
-0.13%

139,584
2.26
135,364
2.19
135,822
2.17
136,251
2.16
0.06%
71,433
2.96
71,063
2.94
70,916
2.93
-0.04%

7,773
72.9%
22.5%
4.6%
7,843
69.7%
23.2%
7.1%
7,877
67.8%
23.6%
8.7%
7,878
67.0%
23.5%
9.5%

71,944
59.3%
33.1%
7.6%
72,083
55.9%
33.2%
10.9%
72,387
54.7%
33.7%
11.7%
72,569
54.4%
33.5%
12.1%

154,383
55.3%
35.1%
9.6%
153,757
53.3%
34.7%
12.0%
154,410
52.3%
35.7%
12.0%
154,760
52.2%
35.8%
12.0%

$45,648
$51,734

$41,719
$47,815

$43,244
$50,265

$165,018
$206,980

$162,017
$193,360

$176,655
$212,205

$25,567
$29,159

$24,423
$28,007

$26,571
$30,610

39.0
40.0
40.8

37.4
38.5
39.4

37.2
38.3
39.1

Data Note: Household population includes persons not residing in group quarters. Average Household Size is the household population divided by total households.
Persons in families include the householder and persons related to the householder by birth, marriage, or adoption. Per Capita Income represents the income received by
all persons aged 15 years and over divided by the total population.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. Esri converted Census 2000 data into 2010 geography.

June 08, 2015


2015 Esri

Page 1 of 7

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27

DEMOGRAPHICS

Market Profile
Germania on the Green
4101 Germania St, Saint Louis, Missouri, 63116
Rings: 1, 3, 5 mile radii
2015 Households by Income
Household Income Base
<$15,000
$15,000 - $24,999
$25,000
$35,000
$50,000
$75,000

$34,999
$49,999
$74,999
$99,999

$100,000 - $149,999
$150,000 - $199,999
$200,000+
Average Household Income
2020 Households by Income
Household Income Base
<$15,000

Latitude: 38.55918
Longitude: -90.28125
1 mile

3 miles

5 miles

7,193
11.3%
11.4%

63,925
14.9%
12.5%

135,822
14.5%
11.9%

12.3%
19.4%
21.9%
13.1%

13.0%
18.0%
18.6%
11.3%

12.7%
17.2%
18.3%
11.4%

7.9%
1.9%
0.9%
$55,406

8.3%
2.6%
1.0%
$53,817

8.9%
3.2%
1.9%
$58,102

7,132
10.3%

63,804
13.9%

136,251
13.5%

$15,000 - $24,999

8.7%

9.4%

8.9%

$25,000 - $34,999
$35,000 - $49,999
$50,000 - $74,999

10.5%
18.1%
22.3%

11.3%
17.3%
19.0%

10.9%
16.4%
18.6%

$75,000 - $99,999

16.3%

14.0%

14.0%

$100,000 - $149,999
$150,000 - $199,999
$200,000+

10.4%
2.4%
1.1%

10.5%
3.3%
1.2%

11.3%
4.1%
2.3%

$62,971

$61,514

$66,701

5,337
1.4%

39,560
3.1%

80,720
2.9%

Average Household Income


2015 Owner Occupied Housing Units by Value
Total
<$50,000
$50,000 - $99,999

10.8%

13.8%

11.0%

$100,000 - $149,999
$150,000 - $199,999
$200,000 - $249,999

30.1%
25.5%
18.7%

26.6%
26.9%
12.8%

21.6%
27.2%
15.2%

$250,000 - $299,999

8.3%

7.3%

8.7%

$300,000 - $399,999
$400,000 - $499,999
$500,000 - $749,999

3.9%
0.7%
0.4%

5.7%
1.9%
1.4%

7.5%
2.8%
2.2%

$750,000 - $999,999

0.0%

0.1%

0.4%

0.1%
$176,171

0.3%
$182,403

0.5%
$204,457

$1,000,000 +
Average Home Value
2020 Owner Occupied Housing Units by Value
Total

5,280

39,459

80,785

<$50,000
$50,000 - $99,999
$100,000 - $149,999

0.9%
5.4%
14.5%

2.2%
8.7%
14.2%

2.0%
6.6%
10.6%

$150,000 - $199,999

25.2%

28.6%

25.8%

$200,000 - $249,999
$250,000 - $299,999
$300,000 - $399,999

29.0%
15.2%
7.0%

18.9%
12.0%
9.0%

20.6%
13.4%
11.2%

$400,000 - $499,999

1.5%

2.7%

4.1%

$500,000 - $749,999
$750,000 - $999,999
$1,000,000 +

1.0%
0.2%
0.1%

2.9%
0.5%
0.3%

4.2%
0.9%
0.7%

$213,646

$219,938

$246,876

Average Home Value

Data Note: Income represents the preceding year, expressed in current dollars. Household income includes wage and salary earnings, interest dividends, net rents,
pensions, SSI and welfare payments, child support, and alimony.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. Esri converted Census 2000 data into 2010 geography.

June 08, 2015


2015 Esri

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28

DEMOGRAPHICS

Market Profile
Germania on the Green
4101 Germania St, Saint Louis, Missouri, 63116
Rings: 1, 3, 5 mile radii
2010 Population by Age
Total
0-4
5-9

Latitude: 38.55918
Longitude: -90.28125
1 mile

3 miles

5 miles

16,072
6.4%
5.3%

143,087
6.7%
5.3%

300,083
6.5%
5.3%

10
15
25
35

14
24
34
44

4.5%
10.4%
17.8%
13.6%

5.1%
12.0%
17.6%
13.4%

5.2%
12.5%
17.5%
13.2%

45
55
65
75

54
64
74
84

15.7%
11.4%
6.5%
5.9%

15.4%
11.1%
6.1%
5.0%

15.1%
11.4%
6.0%
4.8%

2.5%
81.0%

2.4%
79.6%

2.4%
79.6%

15,761

141,416

298,398

5.9%
5.8%
4.9%

6.2%
6.0%
5.1%

6.0%
5.9%
5.2%

85 +
18 +
2015 Population by Age
Total
0-4
5-9
10 - 14
15 - 24

9.7%

11.4%

11.9%

25 - 34
35 - 44
45 - 54

16.7%
13.9%
14.0%

16.1%
13.8%
13.7%

16.3%
13.6%
13.4%

55 - 64

13.3%

13.2%

13.3%

65 - 74
75 - 84
85 +

8.1%
5.1%
2.8%

7.4%
4.4%
2.6%

7.4%
4.4%
2.6%

80.9%

79.8%

79.9%

15,572
5.7%

140,626
6.1%

298,122
6.0%

18 +
2020 Population by Age
Total
0-4
5-9

5.4%

5.7%

5.5%

10 - 14
15 - 24
25 - 34

5.5%
9.6%
14.5%

5.8%
10.6%
14.8%

5.6%
11.1%
15.3%

35 - 44

15.2%

15.0%

14.6%

45 - 54
55 - 64
65 - 74

12.7%
13.9%
10.0%

12.3%
13.5%
9.3%

12.1%
13.3%
9.4%

75 - 84

5.0%

4.6%

4.6%

2.7%
80.6%

2.5%
79.6%

2.6%
80.0%

85 +
18 +
2010 Population by Sex
Males

7,795

68,996

145,184

Females

8,277

74,092

154,900

2015 Population by Sex


Males
Females

7,695
8,068

68,585
72,831

145,039
153,360

2020 Population by Sex


Males
Females

7,645
7,926

68,618
72,007

145,544
152,578

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. Esri converted Census 2000 data into 2010 geography.

June 08, 2015


2015 Esri

Page 3 of 7

GERMANIA ON THE GREEN & FATIMA ON THE GREEN


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29

DEMOGRAPHICS

Market Profile
Germania on the Green
4101 Germania St, Saint Louis, Missouri, 63116
Rings: 1, 3, 5 mile radii

Latitude: 38.55918
Longitude: -90.28125
1 mile

3 miles

5 miles

16,074
88.0%
5.2%

143,088
77.9%
14.3%

300,085
76.2%
16.9%

0.4%
3.7%
0.0%
0.6%

0.3%
3.4%
0.0%
1.7%

0.3%
2.9%
0.0%
1.4%

2.0%
2.9%
26.5

2.5%
4.7%
42.8

2.4%
4.0%
43.6

15,762
88.0%

141,414
78.4%

298,400
76.4%

Black Alone

4.8%

13.1%

16.0%

American Indian Alone


Asian Alone
Pacific Islander Alone

0.4%
4.0%
0.0%

0.3%
3.6%
0.0%

0.3%
3.1%
0.0%

Some Other Race Alone

0.7%

1.8%

1.5%

2.2%
3.2%
26.9

2.7%
5.2%
42.9

2.7%
4.5%
44.2

15,572

140,626

298,123

87.7%
4.5%
0.4%

78.5%
12.1%
0.3%

76.3%
15.3%
0.3%

2010 Population by Race/Ethnicity


Total
White Alone
Black Alone
American Indian Alone
Asian Alone
Pacific Islander Alone
Some Other Race Alone
Two or More Races
Hispanic Origin
Diversity Index
2015 Population by Race/Ethnicity
Total
White Alone

Two or More Races


Hispanic Origin
Diversity Index
2020 Population by Race/Ethnicity
Total
White Alone
Black Alone
American Indian Alone
Asian Alone

4.4%

3.9%

3.4%

Pacific Islander Alone


Some Other Race Alone
Two or More Races

0.0%
0.7%
2.4%

0.0%
2.1%
3.0%

0.0%
1.7%
3.0%

3.5%

5.9%

5.1%

28.0

43.7

45.3

16,072

143,088

300,084

99.8%
74.9%
24.9%

99.1%
73.8%
23.9%

98.8%
72.8%
23.8%

Hispanic Origin
Diversity Index
2010 Population by Relationship and Household Type
Total
In Households
In Family Households
Householder
Spouse

17.5%

15.6%

15.8%

Child
Other relative
Nonrelative

26.8%
3.4%
2.2%

28.0%
3.9%
2.4%

27.5%
3.5%
2.2%

24.9%

25.3%

26.0%

0.2%
0.0%
0.2%

0.9%
0.6%
0.3%

1.2%
0.7%
0.5%

In Nonfamily Households
In Group Quarters
Institutionalized Population
Noninstitutionalized Population

Data Note: Persons of Hispanic Origin may be of any race. The Diversity Index measures the probability that two people from the same area will be from different race/
ethnic groups.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. Esri converted Census 2000 data into 2010 geography.

June 08, 2015


2015 Esri

Page 4 of 7

GERMANIA ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

30

DEMOGRAPHICS

Market Profile
Germania on the Green
4101 Germania St, Saint Louis, Missouri, 63116
Rings: 1, 3, 5 mile radii
2015 Population 25+ by Educational Attainment
Total

Latitude: 38.55918
Longitude: -90.28125
1 mile

3 miles

5 miles

11,633

100,824

211,998

Less than 9th Grade

4.5%

5.3%

4.2%

9th - 12th Grade, No Diploma

6.6%

8.3%

7.0%

27.3%
5.8%
21.2%

23.8%
4.9%
21.5%

21.1%
4.5%
21.1%

High School Graduate


GED/Alternative Credential
Some College, No Degree
Associate Degree

9.5%

8.2%

8.1%

Bachelor's Degree
Graduate/Professional Degree
2015 Population 15+ by Marital Status

18.0%
7.1%

18.3%
9.6%

20.9%
13.2%

Total

13,156

116,913

247,471

Never Married
Married
Widowed

33.9%
44.3%
8.2%

37.5%
42.6%
7.3%

39.1%
42.3%
6.7%

Divorced

13.7%

12.6%

11.9%

93.6%
6.4%

91.8%
8.2%

92.5%
7.5%

8,587

73,323

155,787

0.2%
3.5%
12.3%

0.2%
5.0%
11.0%

0.3%
4.6%
9.6%

2015 Civilian Population 16+ in Labor Force


Civilian Employed
Civilian Unemployed
2015 Employed Population 16+ by Industry
Total
Agriculture/Mining
Construction
Manufacturing
Wholesale Trade
Retail Trade
Transportation/Utilities
Information
Finance/Insurance/Real Estate
Services
Public Administration
2015 Employed Population 16+ by Occupation
Total
White Collar
Management/Business/Financial
Professional
Sales
Administrative Support
Services
Blue Collar

2.9%

2.4%

2.3%

15.1%
4.0%
2.4%

12.4%
4.9%
2.2%

11.4%
4.3%
2.4%

6.0%

6.6%

6.8%

45.3%
8.3%

50.9%
4.6%

54.3%
4.0%

8,585

73,325

155,785

59.0%
10.7%
19.4%

56.3%
11.8%
19.9%

60.6%
13.0%
23.4%

12.7%

11.0%

11.1%

16.2%
22.1%
18.9%

13.6%
23.4%
20.3%

13.2%
22.0%
17.4%

Farming/Forestry/Fishing

0.1%

0.1%

0.1%

Construction/Extraction
Installation/Maintenance/Repair
Production

4.2%
3.2%
6.4%

4.7%
2.7%
6.7%

4.2%
2.6%
5.2%

Transportation/Material Moving

5.0%

6.1%

5.2%

Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. Esri converted Census 2000 data into 2010 geography.

June 08, 2015


2015 Esri

Page 5 of 7

GERMANIA ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

31

DEMOGRAPHICS

Market Profile
Germania on the Green
4101 Germania St, Saint Louis, Missouri, 63116
Rings: 1, 3, 5 mile radii
2010 Households by Type
Total
Households with 1 Person
Households with 2+ People
Family Households
Husband-wife Families
With Related Children
Other Family (No Spouse Present)
Other Family with Male Householder
With Related Children
Other Family with Female Householder
With Related Children
Nonfamily Households
All Households with Children
Multigenerational Households
Unmarried Partner Households
Male-female
Same-sex
2010 Households by Size
Total
1 Person Household
2 Person Household
3 Person Household
4 Person Household
5 Person Household
6 Person Household
7 + Person Household
2010 Households by Tenure and Mortgage Status
Total
Owner Occupied
Owned with a Mortgage/Loan
Owned Free and Clear
Renter Occupied

Latitude: 38.55918
Longitude: -90.28125
1 mile

3 miles

5 miles

7,288
38.0%
62.0%
54.4%
38.1%
15.6%
16.2%
4.8%
2.6%
11.4%

64,207
38.6%
61.4%
53.2%
34.9%
14.7%
18.3%
4.9%
2.6%
13.4%

135,364
38.3%
61.7%
52.8%
34.9%
14.4%
17.8%
4.5%
2.4%
13.3%

6.0%
7.6%

8.1%
8.2%

8.3%
8.9%

24.7%

25.8%

25.4%

2.9%
8.2%
7.1%
1.0%

3.1%
8.5%
7.3%
1.2%

2.9%
8.2%
6.9%
1.3%

7,288
38.0%
31.3%
14.7%
10.0%
4.0%
1.3%
0.7%

64,206
38.6%
30.5%
14.0%
9.9%
4.3%
1.6%
1.1%

135,363
38.3%
31.4%
13.9%
9.7%
4.1%
1.5%
1.0%

7,288
75.1%
53.9%
21.1%
24.9%

64,207
62.7%
45.2%
17.5%
37.3%

135,363
60.5%
43.5%
17.0%
39.5%

Data Note: Households with children include any households with people under age 18, related or not. Multigenerational households are families with 3 or more
parent-child relationships. Unmarried partner households are usually classified as nonfamily households unless there is another member of the household related to the
householder. Multigenerational and unmarried partner households are reported only to the tract level. Esri estimated block group data, which is used to estimate
polygons or non-standard geography.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. Esri converted Census 2000 data into 2010 geography.

June 08, 2015


2015 Esri

Page 6 of 7

GERMANIA ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

32

DEMOGRAPHICS

Market Profile
Germania on the Green
4101 Germania St, Saint Louis, Missouri, 63116
Rings: 1, 3, 5 mile radii

Latitude: 38.55918
Longitude: -90.28125
1 mile

3 miles

5 miles

Top 3 Tapestry Segments


1.
2.

Parks and Rec (5C)

Emerald City (8B)

Emerald City (8B)

Rustbelt Traditions (5D)

Parks and Rec (5C)

Parks and Rec (5C)

3.

Old and Newcomers (8F)

Set to Impress (11D)

Set to Impress (11D)

$12,247,507
$1,702.70

$107,594,183
$1,683.13

$248,040,093
$1,826.21

2015 Consumer Spending


Apparel & Services: Total $
Average Spent

74

73

79

Computers & Accessories: Total $


Average Spent
Spending Potential Index

Spending Potential Index

$1,389,368
$193.16
76

$12,175,484
$190.47
75

$28,087,859
$206.80
81

Education: Total $

$8,360,482

$72,846,739

$167,196,459

$1,162.31
76
$17,545,544

$1,139.57
75
$150,615,215

$1,231.00
81
$344,926,771

$2,439.25

$2,356.12

$2,539.55

74
$27,818,508
$3,867.44

71
$244,095,130
$3,818.46

77
$557,903,484
$4,107.61

Average Spent
Spending Potential Index
Entertainment/Recreation: Total $
Average Spent
Spending Potential Index
Food at Home: Total $
Average Spent

74

73

79

Food Away from Home: Total $


Average Spent
Spending Potential Index

Spending Potential Index

$17,416,167
$2,421.27
74

$152,055,339
$2,378.65
72

$350,230,342
$2,578.60
78

Health Care: Total $

$25,483,315

$215,047,372

$489,153,173

$3,542.79
75
$9,709,778

$3,364.06
71
$83,684,109

$3,601.43
76
$192,702,621

$1,349.89
73
$11,806,132
$1,641.34
60
$134,411,970

$1,309.10
71
$108,178,507
$1,692.27
61
$1,160,170,509

$1,418.79
77
$255,243,742
$1,879.25
68
$2,657,427,080

$18,686.50

$18,148.93

$19,565.51

73
$89,517,075
$12,445.03

71
$783,407,572
$12,255.10

77
$1,798,228,899
$13,239.60

Average Spent
Spending Potential Index
HH Furnishings & Equipment: Total $
Average Spent
Spending Potential Index
Investments: Total $
Average Spent
Spending Potential Index
Retail Goods: Total $
Average Spent
Spending Potential Index
Shelter: Total $
Average Spent
Spending Potential Index

76

75

80

TV/Video/Audio: Total $
Average Spent
Spending Potential Index

$7,064,663
$982.16
75

$61,755,612
$966.06
74

$141,225,886
$1,039.79
79

$10,328,407

$87,219,017

$201,025,774

$1,435.90
74

$1,364.40
70

$1,480.07
76

$5,961,083
$828.73

$51,529,793
$806.10

$118,076,213
$869.35

74

72

78

Travel: Total $
Average Spent
Spending Potential Index
Vehicle Maintenance & Repairs: Total $
Average Spent
Spending Potential Index

Data Note: Consumer spending shows the amount spent on a variety of goods and services by households that reside in the area. Expenditures are shown by broad
budget categories that are not mutually exclusive. Consumer spending does not equal business revenue. Total and Average Amount Spent Per Household represent annual
figures. The Spending Potential Index represents the amount spent in the area relative to a national average of 100.
Source: Consumer Spending data are derived from the 2011 and 2012 Consumer Expenditure Surveys, Bureau of Labor Statistics. Esri.
Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2015 and 2020. Esri converted Census 2000 data into 2010 geography.

June 08, 2015


2015 Esri

Page 7 of 7

GERMANIA ON THE GREEN & FATIMA ON THE GREEN


FatimaGermania.BerkadiaREA.com

33

ST. LOUIS

FIRST QUARTER 2015

VACANCY & RENT

PERMITS & DELIVERIES

EMPLOYMENT GROWTH

VACANCY & RENT COMPARISON

St. Louis headcounts grew by 18,300 positions, or 1.4% annually, up from the 0.7% growth in the preceding year. The education and
health services sector provided an outsized boost, with 4,700 additions since March of 2014. Medical Transportation Management Inc.
added 140 jobs to the sector. Hiring was also robust in the trade, transportation and utilities segment with 4,500 new jobs. Overall
growth was tamped down by the 1,900 government positions eliminated, the only employment sector to contract in the last year.
St. Louis unemployment was 5.5% at the end of the first quarter, matching the national average. The St. Louis rate was down 170 basis
points from one year ago.
The median existing single-family home price advanced 4.2% year over year to $143,600 by the end of the first quarter of 2015. Values
increased annually since 2013. Buyers were not deterred by the rise as sales accelerated 10.8% from one year ago to 64,500
annualized transactions in March of 2015.
Heightened rental demand led to the 380 newly occupied apartments in the last three months. Leasing activity shifted positive from the
negative absorption of 1,640 units in the fourth quarter of 2014. A total of 980 units were absorbed in the last 12 months.
The completion of the 82-unit Central West End City II apartment community in the St. Louis City North submarket accounted for all 30
units that came online across the metro in the first quarter. An additional 460 apartments are scheduled to come online by year-end.
Developers filed permits for 990 multifamily units in the last three months. Permitting activity was up from the 950 submissions during the
same time in 2014. Simultaneously, single-family requests advanced from 1,020 permits last year to 1,070 submissions in the first
quarter of 2015.
Vacancy lowered 20 basis points to 7.1% as rental demand exceeded apartment additions in the first quarter. The rate decreased 40
basis points from one year ago. Vacancy was tightest in the East of I-44 submarket at 3.2% following a 190-basis-point year-over-year
drop.
At $895 per month in March, rents advanced 0.5% since December. The increase was part of a 2.6% annual rise in average asking rent.
Operators scaled back concessions to four days of free rent at quarter-end.

ST. LOUIS OFFICE | 636.391.3911


Berkadia.com | ApartmentUpdate.com
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This information package has been prepared to provide summary information to prospective purchasers and to
establish a preliminary level of interest in the property described herein. It does not, however, purport to present all
material information regarding the subject property, and it is not a substitute for a thorough due diligence
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