Market Spotlight
Merrillville—Practical Yields. Everyday Demand
Retail/commercial gravity with broad renter appeal. We buy right, execute scope, and keep operations tight.
Why Merrillville
Demand Drivers
Retail corridors and service employment support steady tenancy.
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Bread-and-Butter Product
SFR, townhome pockets, and garden-style small multi.
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Access
US-30/I-65 connectivity supports leasing and vendor logistics.
Target Sub-Areas
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US-30 Corridor
Rent-ready SFR with cosmetic lift potential.
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East/West Residential Pockets
Townhome/duplex inventory; screening and pricing discipline win here.
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Select Garden-Style
Small multi where capex is clear and entries are sensible.
What We Buy
Rent-ready SFR with light value-add, townhome/duplex, select small multi.
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Execution
Execution
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How Altus Executes
Underwrite → Scope/Bids → Make-ready SLAs → Leasing velocity targets → Collections cadence → Monthly KPI rollups.
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Risks & Mitigation
Over-improving for the comps → strict rent study alignment.
Vendor drift → bid discipline and field verification.
Renewal softness → early renewal strategy and condition standards.