QUALITY BUILT, CLASS A ASSET: Completed in 2023, Exchange at Daphne offers investors a Class A apartment community with contemporary interior finishes, efficient unit layouts, and a comprehensive amenity package.

STRONG INITIAL LEASE-UP WITH STABILIZATION RUNWAY: As of March 2026, the property is over 91% occupied, reflecting a successful initial lease-up and confirming market acceptance. New ownership is positioned to capture incremental NOI growth through final absorption, operational optimization, and seasonal leasing momentum as the asset signs next generation leases.

DIVERSE UNIT MIX DRIVING BROAD DEMAND: Over 48% of units are two and three-bedroom floorplans with an average unit size of 1,050 square feet, positioning the property to capture sustained demand from families, dual-income households, and long-term renters.

VISIBILITY AND REGIONAL CONNECTIVITY VIA HIGHWAY 181 AND I-10: Exchange at Daphne is positioned directly along State Highway 181, Eastern Baldwin County’s primary north to south growth corridor, with immediate access to Interstate 10, the critical east to west artery linking Mobile to Pensacola, Tallahassee, and the broader Florida Panhandle.

ACCESSIBILITY TO HIGHLY REGARDED DAPHNE CITY SCHOOLS: Exchange at Daphne is located near multiple top-performing Daphne City Schools, including Daphne High School with a 10 out of 10 GreatSchools rating, alongside several elementary and middle schools rated 8 to 9 within a five-mile radius.

ABOVE-AVERAGE RENT GROWTH WITH LONG-TERM SUPPORT: Over the past five years, Daphne and the Greater Baldwin County area have generated approximately 28% rent growth, equating to roughly 5% annualized and ranking among Alabama’s top-performing submarkets.

RAPID POPULATION GROWTH IN BALDWIN COUNTY: Baldwin County ranks among the fastest-growing regions in the United States, with a population exceeding 261,000 as of 2025, representing approximately 13% growth since 2020. Sustained in-migration driving roughly 3% annual population growth has positioned the Daphne–Fairhope–Foley corridor as Alabama’s primary growth engine, underpinning long-term housing demand across the Eastern Shore.

AFFLUENT HOUSEHOLD INCOMES SUPPORTING CLASS A RENTS: Daphne features a highly affluent renter base, with a citywide median household income of approximately $87,250. The immediate trade area surrounding Exchange at Daphne exhibits even stronger fundamentals, with a median household income of $90,733 and average household income exceeding $108,000, significantly higher than the Alabama statewide average.