FULLY RENOVATED DOWNTOWN ASSET Fully renovated in 2016, Vue at 3rd Street offers investors a repositioned downtown Louisville high-rise with meaningful upside through improved operations and leasing execution. OCCUPANCY RECOVERY UPSIDE Current occupancy of approximately 74% creates a clear opportunity to drive value by restoring occupancy through focused leasing, stabilized management, and improved property-level execution. EMBEDDED RENT GROWTH Average in-place rents trail current asking rents, providing a direct path to revenue growth as vacant units are leased and existing rents are reset closer to market levels. COMPELLING HIGH-RISE BASIS Vue at 3rd Street offers investors a compelling basis for a 218-unit downtown Louisville high-rise with existing scale, infrastructure, and fully renovated building systems. CLEAR NOI EXPANSION Pro forma NOI growth is driven by occupancy recovery, rent growth, and expense stabilization following improved operations, creating multiple avenues to increase cash flow. POSITIVE LOUISVILLE RENT GROWTH Vue at 3rd Street benefits from steady rental momentum in the Louisville market, where asking rents averaged $1,240/unit at the end of last quarter and increased 0.7% year-over-year. While rent growth has moderated from earlier-cycle highs, Louisville continues to outperform the national annual rent growth rate of 0.3%, reinforcing the market’s stability and supporting continued revenue growth for well-located assets.