Arlington Arms Apartments is a 150-unit multifamily property in Middletown, Ohio. Middletown is located in Southwest Ohio, along the I-75 growth corridor between Cincinnati and Dayton. Piping Rock Partners has owned and managed a 58-unit property in Middletown ("Chimney Hill") since 2006, and based on this experience they believe that Arlington Arms' financial performance can be improved by making exterior cosmetic upgrades, by addressing high on-site staff turnover, by rationalizing certain expenses, and by cross-marketing and jointly managing the two properties.
