Average in-place rents of $985 with portfolio occupancy of 94% reinforce strong, durable renter demand. The current Gross Income is $5M, with the opportunity to increase the rents to over $10M through mark-to-market.

202 units have expired deed restrictions, allowing the next owner to bring rents to market on turn. The remaining 204 units have deed restriction expirations in '27, '30, '33, and '43