The team at Magnetic Invest is excited to announce an exceptional investment opportunity in the center of the America’s Midwest states. Situated in Jeffersontown, an upscale suburb of Louisville, KY, this initiative will involve the transformation of an existing extended-stay hotel into long-term, market-rate apartments, poised to deliver attainable rental units for prospective tenants and substantial returns to our investors.

The property is being acquired from Westmont Hospitality Group. Westmont is an experienced owner/operator in the hospitality industry that currently holds ownership interest in over 500 hotels across 4 continents. Once acquired, the property will undergo a comprehensive conversion led by David Peters, our key principal, and a team of partners who pull their experience from years in real estate, construction and financial management. Over the course of 24-36 months, each of the 141 units will undergo extensive interior enhancements and upgrades, complemented by significant exterior renovations such as new windows, siding and updated landscaping.

These newly renovated micro apartments will not only offer comfortable living spaces, but also convenient access to nearby shops, direct access to public transportation, in a neighborhood of high quality all at budget-friendly pricing. Hotel conversions represent one of the most lucrative opportunities in commercial real estate today, and our Louisville project is no exception. By repurposing an underperforming hotel into a high-demand asset – affordable, long-term apartments – we gain the dual benefit of being able to revitalize the neighborhood while delivering attractive returns to our investors. The Louisville Metro area, particularly Jeffersontown, presents a promising market for our investment.

With Louisville ranking No. 4 in year-over-year job growth in the U.S., No. 1 in rent growth and experiencing rapid population growth, the demand for quality housing remains robust. Moreover, the city's diverse economy, anchored by major employers like Ford, UPS, and Humana, ensures long-term stability and growth potential. Additionally, Louisville boasts an array of attractions, educational institutions, and cultural amenities, further enhancing its appeal as a desirable place to live, play, work and invest.

Our investment model anticipates strong returns for our investors, with projected annual returns approaching 18%. We invite you to review our comprehensive investment presentation and offering documents for a detailed overview of this exciting opportunity.

We urge you to act quickly, as this opportunity is available on a first-come, first-serve basis. Join us in reshaping the landscape of residential living in Louisville while maximizing your investment potential. Thank you for considering joining us on this opportunity. We look forward to the possibility of partnering with you on this transformative venture.