We are focused on markets that create an ideal environment to support the Gateway Multifamily Value-Add Model.
Market: St. Louis
The St. Louis Metropolitan Statistical Area (MSA) encompasses nearly 8,500 square miles comprised of 15 counties in both Missouri and Illinois, crosscut by the Mississippi River. With a current population over 2.8 million residents, the St. Louis MSA is the most-populated metropolitan area in Missouri, the second-largest MSA in Illinois, and the 20th-largest metro area in the United States. With its diversified economy, central location, strong transportation infrastructure, low cost of doing business, and highly skilled workforce, Greater St. Louis is a desirable business location and is home to nine Fortune 500 headquarters. Some highlights include:
- St. Louis has the dynamics in place that can stimulate future job creation in the fields of bio-science, cyber-security, financial / information services, health sciences and services, and multi-modal logistics / advanced manufacturing.
- Due to solid supply and demand fundamentals, St. Louis has historically seen less volatile movement in vacancy rates and rents throughout real estate cycles compared to other markets.
- Average multifamily capitalization rates in the St. Louis MSA are higher than other comparable markets.
- For more information please view this document.
Submarket: Metro East (St. Clair County)
Just a river's width from St. Louis' Gateway Arch, the Southwestern Illinois portion of the St. Louis MSA has experienced unprecedented economic growth recently and continues to be a hot spot for development. Known as the St. Louis Metro East, the area offers thousands of acres of prime development sites supported by one of the most cost-effective inter-modal transportation systems in America, located literally in the shadow of the downtown skyline. Composed of Madison and St. Clair counties, Southwestern Illinois has invested billions of dollars on modern river, rail, highway, and air transportation infrastructure. Those investments, coupled with an ideal location in the heart of the U.S., provide efficient and low-cost access to the Midwest, the U.S., and beyond. It's a combination that's fueling the region's growth in all sectors and continues to attract the attention of members of the logistics and distribution industry. Some highlights include:
- St. Clair County has the dynamics in place that can stimulate future job creation in the fields of cyber-security, health sciences and services, and multi-modal logistics / advanced manufacturing.
- Due to solid supply and demand fundamentals, St. Clair County has historically seen less volatile movement in vacancy rates and rents throughout real estate cycles compared to other submarkets.
- Average multifamily capitalization rates in St. Clair County are higher than other comparable submarkets.
- A large cluster of "Mom-and-Pop" apartment owners in the Metro East offer Gateway the opportunity to create value.