Thank you for your interest in partnering with First Floor Equity on our latest hotel conversion project.
Eloquence of Overland Park is a 143 unit hotel to apartment conversion of the former LaQuinta hotel. This deal combines the strength of the rental apartment market with an asset that we are acquired well below replacement cost and appraised value.
Highlights of the Investment Opportunity:
- There are very limited affordably priced apartments in Overland Park. The small supply of studio apartments in the Overland Park area are highly sought after.
- Eloquence is located in a highly desirable A class location in great submarket within Overland Park. It scores highly on walkability score as well, with grocery, restaurant, entertainment and retail all located within a short walk of the property.
- The neighborhood is considered a very safe neighborhood with crime scores well below the median.
- Incomes in the area are high, with population and job growth that is strong and steady resulting in low and declining vacancy.
- This offering is a 506(c) and is open to Accredited Investors. IRAs/401(k)’s welcome