- 83-unit multifamily asset ideally located near Branson and Table Rock Lake.
- Historically a hotel, asset repositioned in 2015 as a market-rate property to fill a much needed hole in the market
- Market occupancy of sampled comps sits over 95% in Branson, MO
- Potential for sustained rent growth with no new supply in local pipeline
- Current owner is in the process of making all the tenants responsible for paying for their own electric
Holiday Terrace
Holiday Terrace is an 83-unit market-rate property located within minutes of all that Branson has to offer and natural amenities near Table Rock Lake. Built-in 1994, the asset operated as a hotel and was repositioned in 2015 as a market-rate property to fill a much-needed hole in the market. Despite no age restrictions, the property caters to many senior citizens and is occupied above 95%.
Market occupancy in Branson is over 95% from sampled comps, with very limited new supply risk in the short term. The current owner is converting all the tenants over to paying their own electric bills. This will result in a Day 1 increase of NOI for any new operator.
Branson, MO
Branson is a city located in the southwest corner of Missouri. Situated between the ever-growing NW Arkansas MSA and Springfield (the 3rd largest city in Missouri with a metro of nearly 500,000) Branson continues to experience positive economic tailwinds from these locations. With a population of 12,638 residents, Branson's growth has doubled since 2000.