• Kramer Place is a 46-unit, Class A apartment/condominium residence with retail located in the vibrant Short North/Italian Village neighborhood of Columbus, OH.

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• Delivered originally in 2008 as condominium units, the filing was originally postponed and units have been leased as over-improved rentals. After lifting existing rents to market rates (currently 10-20% below) with minor unit renovation, the strong performance of the local for-sale housing environment has accelerated conversion to condominium sale, as originally designed.

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• Selectively removing rental units from rental pool to renovate for sale. Upgrading include new wooden floors, new countertops, new appliances and finishes. Expect 18-24 month sales period.