Professional Documents
Culture Documents
GEM On The Green Fatima On The Green Package 07.15
GEM On The Green Fatima On The Green Package 07.15
Managing Director
ANDREA KENDRICK
KEN ASTON
636.391.3911
Ken.Aston@berkadia.com
Associate Director
636.391.3911
Andrea.Kendrick@berkadia.com
INVESTMENT SALES
KEN ASTON
Managing Director
636.391.3911
ken.aston@berkadia.com
ANDREA KENDRICK
Associate Director
636.391.3911
andrea.kendrick@berkadia.com
Berkadia.com
FINANCING
MICHAEL DUGGAN
Senior Director
314.984.5515
michael.duggan@berkadia.com
OPPORTUNITY
Opportunity
THE ASSETS
12
MARKET POSITIONING
Property Summary
13
Location Description
Location Map
Aerials
APPENDIX
Property Photos
16
Demographics
26
Market Reports
34
11
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.
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.
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
LOCATION MAP
AERIALS
AERIALS
AERIALS
AERIALS
PROPERTY PHOTOS
PROPERTY PHOTOS
10
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%
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:
$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
-
11
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%
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:
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
12
Units
388
Built
1977
Occupancy
-
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%
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
-
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
13
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
14
St. Louis
MO
St. Louis
MO
1.
Heritage Estates
St. Louis
MO
2.
Park Forest
St. Louis
MO
3.
Park Val
St. Louis
MO
15
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)
(FORBES, 2014)
16
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
an
annual
economic
impact
of
center,
growing
into
manufacturing
more
than
81,500
workers
in
6,200
17
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
2,500,000
2,798,304
2,600,000
2,787,701
2,698,687
2,700,000
2,580,897
2,823,128
2,800,000
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.
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
-30,000
0%
-60,000
UNEMPLOYMENT RATE
JOBS LOST/ADDED
INCOME
The economic growth of the St. Louis MSA has provided
$75,000
$25,000
$0
$38,573
$50,000
1990
$57,004
2000
2015*
$84,690
$100,000
$74,045
2020*
*PROJECTED
18
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
2,500
1,489
1,116
3,000
1,407
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
2014
2015*
(1,095)
749
1,500
743
2,268
522
923
804
-1,500
2009
*PROJECTED
2010
2011
NEW CONSTRUCTION
ABSORPTION
19
VACANCY
The average vacancy rate in the St. Louis metro apartment
2010
2011
2012
6.6%
6%
7.3%
7%
6.8%
7.7%
8%
6.7%
quarter of 2015.
9%
6.7%
7.6%
5%
2009
2013
2014
2015*
*PROJECTED
RENT
Lower vacancy rates are supporting steady rent growth. In
2011
2012
$917
$891
2010
$869
$800
$846
$900
$839
since 2009.
$828
$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-
$700
$600
2009
2013
2014
2015*
*PROJECTED
20
ECONOMY / EMPLOYMENT
The economy of Greater St. Louis has diversified in recent
LARGEST EMPLOYERS
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
skilled
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,
21,218
17,085
14,529
13,287
12,151
10,545
9,250
8,060
7,513
7,214
21
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.
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
22
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.
23
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.
24
2010
2,787,701
2010
38.0
2015*
2,798,304
2015*
39.0
2020*
2,823,128
2020*
39.7
0.9%
2010
1,109,665
March 2014
$150,050
2015*
1,123,077
March 2015
$158,000
2020*
1,136,241
5.3%
1.2%
2010
$67,863
$845
2015*
$74,045
Average Rent
$895
2020*
$84,690
Difference
* Projected
14.4%
$50
* 30-yr fixed; 20% down; 4.15% interest rate; 1.75% property taxes
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
Page 1 of 1
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.
Page 1 of 7
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%
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
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.
Page 2 of 7
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
7,695
8,068
68,585
72,831
145,039
153,360
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.
Page 3 of 7
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%
0.4%
4.0%
0.0%
0.3%
3.6%
0.0%
0.3%
3.1%
0.0%
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%
4.4%
3.9%
3.4%
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.
Page 4 of 7
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
4.5%
5.3%
4.2%
6.6%
8.3%
7.0%
27.3%
5.8%
21.2%
23.8%
4.9%
21.5%
21.1%
4.5%
21.1%
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%
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.
Page 5 of 7
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.
Page 6 of 7
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
3.
$12,247,507
$1,702.70
$107,594,183
$1,683.13
$248,040,093
$1,826.21
74
73
79
$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
$17,416,167
$2,421.27
74
$152,055,339
$2,378.65
72
$350,230,342
$2,578.60
78
$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.
Page 7 of 7
33
ST. LOUIS
EMPLOYMENT GROWTH
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.
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