Downtown / Electric Works

The center of Fort Wayne's renaissance - the Electric Works redevelopment of the old GE campus is adding hundreds of residential units and transforming downtown into an entertainment and residential hub. Real appreciation momentum for investors getting in early.

Newer urban product with HOA costs to underwrite, and the thesis relies on continued downtown development. Yields are thinner than the cash-flow neighborhoods.

Appreciation buyers betting on the downtown renaissance who want a young-professional tenant base.