Thornton Court Apartments

Investment Highlights:

• Asset Overview: 49-unit mix of 1- and 2-bedroom floor plans.
• Value-Add Potential: In-place rents lag nearby market comps, and a Ratio Utility Billing System (RUBS) can be implemented for water billbacks.
• 1968 vintage with substantial capital improvements already complete: Aluminum wiring removed, roofs recently replaced, and ~75% of units renovated.
• Long time Owner/Self-Managed locally

Strong Local Economic Drivers:

• U.S. Smokeless Tobacco: Broke ground on a $250M expansion in Hopkinsville (September 2026), creating 200+ jobs.
• Kitchen Food Co.: Investing $69M to establish its first U.S. ready-made meal facility, bringing 925 new jobs to Christian County.