st. louis portfoliooffer stable, first-rate communities with excellent value add potential and...

A Four Property, 1,447 Unit Portfolio

Located in St. Louis, MO

E X E C U T I V E S U M M A R Y

ST. LOUIS PORTFOLIO

Camden Cedar LakesCamden Cross Creek

Camden WestchaseCamden Cove West

• EXECUTIVE SUMMARY •

ST. LOUIS PORTFOLIO

Camden Cedar Lakes

Camden Cove West Camden Cross Creek

Camden Westchase

HFF is pleased to present the Camden St. Louis Portfolio, comprised of 4 high quality communities totaling 1,447 apartment homes.

Three of the communities are located in Creve Coeur and the fourth property is located in Lake St. Louis. Each property is

institutionally owned and has been managed by Camden Property Trust, one of the premier REITs in the country. This investment opportunity

will provide an investor the ability to own an excellent portfolio including three assets in the premier Creve Coeur submarket. All communities

offer stable, first-rate communities with excellent value add potential and outstanding cash on cash returns. In addition, the Camden St.

Louis Portfolio offers an investor the optimal financial combination of income security and robust net revenue growth.

The properties are available for purchase on a portfolio purchase only.

Additionally, the properties are available on an “All Cash” basis.

Please contact HFF to set up a tour of the communities. The Owner and HFF respectively request that interested parties refrain from contacting on-site personnel or residents. Tours must be scheduled in advance by contacting one of the HFF representatives listed on the back of this offering.

HFF will also work with investors to accommodate off-cycle tour times.

Tour Information - Camden St. Louis Portfolio

Scheduled Tour Dates: • Tuesday, April 3rd• Tues/Weds, April 10th and 11th• Weds/Thurs, April 18th and 19th• Thursday, April 26th


ST. LOUIS PORTFOLIO

Investment HIgHlIgHts

• Superior Rent Growth: The Camden St. Louis Portfolio has witnessed very strong rental growth over the past year with effective rental income collections growing 5.40% YTD February 2012 compared to the same period in 2011. Moreover, after coming off of the recent winter months, historically a lower rent growth period in the region, effective rents for the portfolio have increased a remarkable 6.67%, a precursor of what is expected to be an excellent spring leasing season at each of the communities.

• Outstanding Cash-On-Cash Returns: Excellent strong collections, upward trending rent growth and favorable financing terms available will afford an investor outstanding cash-on-cash returns.

• Strong Historical Occupancy: The portfolio has consistently demonstrated strong occupancies (averaging approximately 95%) over the past three years including very solid performances during the economic recession.

• Institutionally Owned and Managed: The communities have been institutionally owned and managed to the highest standards. The superb historical performance of the Portfolio is reflective of the uncompromising commitment by ownership and management.

• Superb Submarket Locations: The portfolio includes outstanding community locations including the extremely affluent Creve Coeur (St. Louis). All communities are located near major employment centers and are positioned on or near major thoroughfares and highway systems allowing residents easy access to employment and shopping/entertainment venues.

• Value Add Opportunity: With excellent locations, historically strong occupancies and terrific floor plans, each community is poised for future apartment home renovation allowing an investor to further increase rents above and beyond organic rent growth.

• Attractive Financing Available: Investors are afforded the opportunity to purchase the properties on an “All-Cash” basis taking advantage of the historically low interest rate environment and overall favorable financing markets present today. Preliminary discussions with lenders reveal that an investor can expect to have fantastic lender options and loan terms.

• Immediate Management Efficiency: In addition to the sheer size of the offering, the Camden St. Louis Portfolio includes immediate concentration in the market. This provides immediate economies of scale if the acquisition provides an entrée into the St. Louis market or enhanced economies if complementing an already existing presence.

• Strong market fundamentals with REIS projecting St. Louis vacancy rates approaching 5% in 2012 with even lower marks in the Creve Coeur submarket. Furthermore, rent growth is projected to be 3-5% annually through 2016 with nominal new supply being delivered throughout the metro during this period.

• St. Louis businesses continue to strengthen including the healthcare industry, one of the biggest industries in St. Louis, employing over 14% of the total workforce. Hospital revenues in St. Louis grew by more than 13% in 2010 compared with the national average of 4%. This bodes well for all of the subject properties with Missouri Baptist Medical Center proximate to the Creve Coeur communities and Barnes-Jewish St. Peters near the Lake St. Louis property.

• Rare Institutionally-Owned Portfolio Offering: With the increasing and competitive landscape for multi-family acquisitions, the Camden St. Louis Portfolio is a rare opportunity to acquire a diverse collection of over 1,400 apartment homes in a major market offering management economies of scale. In addition, buyers have an opportunity to save significant time and money in comparison to assembling a similar, high-quality portfolio in piecemeal fashion.

Camden St. Louis Portfolio Financial Statistics SummaryAsking Price: $128,500,000 Price Per Unit: $88,804

Total Units: 1,447 Price Per SF: $99

Total SF: 1,296,934 Average Unit Size: 896

Proforma Capitalization Rate: 7.1% Proforma 3 Year Cash-on-Cash Return: 18.3%

Proforma Unleveraged IRR: 9.2% Proforma Leveraged IRR: 24.9%

Current Market Rent: $831 Current Market Rent/SF: $0.93

Current Leased Rent: $770 Current Leased Rent/SF: $0.86

Current Occupancy: 97% 3 Years Average Occupancy: 95%


ST. LOUIS PORTFOLIO

C A M d E n C o V E W E S T A p A R T M E n T S C r e v e C o e u r, M o

Apartment Features• Individual Alarm Systems• Pantries• Vaulted Ceilings*• Wood-Burning Fireplaces*• Ceiling Fans• High Speed Internet Access

Available• Microwaves

• Private Patios/Balconies with Outside Storage

• Vertical and Mini-Blinds• Expanded Basic Cable TV• Mirrored Closet Doors• Lake Views*• Full Size Washer/Dryer in

Each Home

Community Amenities• 24-Hour Fitness Center• Elegant Clubhouse• Jogging Trail

• Sparkling Swimming Pool with Sun Deck

• Carports Available *Select Homes

Property Address: 12400 Lighthouse Way Drive Creve Coeur, MO 63141

Number of Buildings: 8 Three-Story Apartment Buildings 1 One-Story Clubhouse

Number of Homes: 276

Total Square Feet: 228,480

Average Home Size: 828 Square Feet

Year Built: 1990

Current Occupancy: 98%

Total Site Size: 21.62 acres

Parking: Carport Spaces: 34 Surface Parking Spaces: 513 Total Parking Spaces: 547

Parking Ratio: 1.9 Parking Spaces Per Home

Property Type: 3-Story Garden-style

Property Specifications

C A M d E n W E S T C h A S E A p A R T M E n T S C r e v e C o e u r, M o

Apartment Features• Ceiling Fans• Expanded Basic Cable TV• High Speed Internet Access

Available• Patios/Balconies with

Storage• Linen Closets*• Window Seats*

• Built-In Microwaves• Dual Pane Windows• Full Size Washers/Dryers• Kitchen Pantries• Mirrored Closet Doors• Upgraded Light Fixtures• Wood-Burning Fireplaces*

Community Amenities• Clubhouse• Fitness Center• Resort-Style Swimming Pool

• Jogging Trail• Carports Available

*Select Homes

Property Address: 10871 Chase Park Lane Creve Coeur, MO 63141

Number of Buildings: 11 Apartment Buildings 1 Clubhouse/Leasing Office Building




Year Built: 1986

Current Occupancy: 97.5%



Parking Ratio: 1.82 Parking spaces per home

Property Type: 3-story garden-style


C A M d E n C R o S S C R E E k A pA RT M E n T SC r e v e C o e u r, M o

Apartment Features• Townhome Floor Plans*• Fireplaces*• High Speed Internet Available• Pantries• Pool and Lake Views• Assigned Covered Parking*• Stackable Washers/Dryers*

• Full Size Washer/Dryer Connections*

• Expanded Basic Cable TV• Microwaves• Patios/Balconies• Private Entries• Mirrored Closet Doors*

Community Amenities• Fitness Center• Multi-Level Clubhouse• Three Lit Tennis Courts• Basketball and Racquetball

Courts• Clothes Care Centers

• Jogging and Bicycle Trails• Resident Business Center• Two Swimming Pools with

Sun Decks• Carports Available *Select Homes

Property Address: 807 Cross Creek Drive Creve Coeur, MO 63141

Number of Buildings: 32 Apartment Buildings 1 Clubhouse




Year Built: 1973 (Phase I) – 189 apartment homes 1980 (Phase II) – 402 apartment homes

Current Occupancy: 97%


Parking: Carport Spaces: 100 Surface Parking Spaces: 896 Total Parking Spaces: 996 Parking Ratio: 1.7 Parking Spaces/Home

Property Type: 3 and 4-Story Garden-style


C A M d E n C E dA R L A k E S A pA RT M E n T SL a k e S t . L o u i s , M o

Apartment Features• Ceiling Fans• Fireplaces*• High Speed Internet Access

Available• Patios/Balconies with

Storage

• Built-In Microwaves• Expanded Basic Cable TV• Full Size Washer/Dryer

Connections*• Linen Closets• Walk-in Closets*

Community Amenities• 37-Acre Park-Like Setting• Clubhouse• Jogging and Bicycle Trails• Swimming Pool

with Sun Deck• Two Lakes

• Clothes Care Center• Fitness Facility• Sports Court• Pet Exercise Area• Wooded Picnic Area• Carports Available

*Select Homes

Property Address: 36 Cedar Circle Drive Lake St. Louis, MO 63367

Number of Buildings: 23 Apartment Buildings 1 Welcome Center/Leasing Office




Year Built: 1986

Current Occupancy: 97%*



Parking Ratio: 2.0 Parking Spaces Per Home

Property Type: 2-Story Garden-style

*Excludes down units due to fire



ST. LOUIS PORTFOLIO

C o n TA C T S

HFF Chicago200 W. Madison Suite 3650Chicago, IL 60606(t) 312.528.3650

Matthew D. LawtonExecutive Managing [email protected]

Sean P. FogartyManaging [email protected]

Jason NettlesManaging DirectorMissouri License # [email protected]

Marty F. O’ConnellManaging [email protected]

dEbT ConTACTMatt R. SchoenfeldtManaging [email protected]

HFF (NYSE: HF) operates out of 20 offices nationwide and is a leading provider of commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, loan sales, and commercial loan servicing. For additional information, please visit www.hfflp.com.

HFF has been engaged by the owner of the property to market it for sale. Information concerning the property described herein has been obtained from sources other than HFF and we make no representations or warranties, express or implied, as to the accuracy or completeness of such information. Any and all references to age, square footage, income, expenses and any other property specific information are approximate. Any opinions, assumptions, or estimates contained herein are projections only and used for illustrative purposes and may be based on assumptions or due diligence criteria different from that used by a buyer. Buyers should conduct their own independent investigation and rely on those results. The information contained herein is subject to change.

St. Peters

O’Fallon

K

St. Louis

Lake of St. Louis

CEDAR LAKES

COVE WEST

CROSS CREEK

WESTCHASE

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st. louis portfoliooffer stable, first-rate communities with excellent value add potential and...

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