Fully Repositioned Asset Following $5.2 Million Capital Improvement Program: Current ownership has invested approximately $5.2 million across the asset, including $1.61 million of exterior improvements and $3.55 million of interior upgrades. Major improvements include parking and striping, fencing and entry gate, landscaping, exterior paint, clubhouse and fitness upgrades, dog wash station, grilling and pavilion amenities, signage, flooring, appliances, granite countertops, cabinets, interior paint, and washer/dryer additions.

Compelling Entry Point Amid Market Rebalancing: Sands on Beach offers investors the opportunity to acquire a fully renovated, 360-unit workforce housing community at an attractive basis relative to its renovated physical profile and long-term infill location. As property-level performance and broader Jacksonville market conditions continue to normalize, new ownership is positioned to benefit from a more balanced operating environment.

Immediate Loss-to-Lease Burnoff Provides Organic NOI Growth: Recent leases are achieving approximately $56 per unit premiums over in-place rents, providing a clear path for embedded revenue growth through natural lease roll. As Jacksonville fundamentals continue to improve, ownership is positioned to capture meaningful NOI growth.

Concession Normalization Supports Effective Rent Growth: As market conditions continue to stabilize following a period of elevated new supply, concession usage continues to decline. Ownership expects further moderation in concessions over the coming months, which should support higher effective rental rates and incremental NOI growth.

Highly Visible Infill Location Along Beach Boulevard: The property benefits from exceptional visibility and accessibility directly off Beach Boulevard, one of Jacksonville’s primary east-west corridors carrying approximately 50,000 vehicles per day. The location provides residents convenient connectivity between Downtown Jacksonville, Southside, and the Atlantic Beaches.