1. Opportunity to Monetize In-Unit Laundry Through Appliance Installation

• In-unit washer and dryer remains one of the most sought-after amenities among renters, with approximately 60%–75% of tenants considering it a necessity and a key factor in their leasing decision.
• Survey data indicates that over 75% of renters prioritize in-unit laundry when selecting an apartment, with a majority unwilling to lease a unit without this feature, highlighting its importance in driving leasing velocity and tenant retention.
• The property currently features washer and dryer connections, providing immediate functionality for residents and eliminating the need for additional plumbing or electrical upgrades.
• Ownership has the opportunity to further enhance the amenity offering through the installation of in-unit washer and dryers and offering them as a fee-based service, creating an additional revenue stream while aligning the asset with current market expectations.
• The addition of in-unit appliances is expected to support increased tenant demand, improved occupancy, and the ability to capture rent premiums and ancillary income relative to comparable properties without in-unit laundry offerings.

2. Highly Desirable Unit Mix Catering to Family-Oriented Demand

• The property features a differentiated unit mix, with approximately 77% of units consisting of two- and three-bedroom floorplans, aligning with strong demand from family-oriented renters seeking larger living accommodations.
• Two-bedroom units comprise approximately 43% of the unit mix, which is widely considered the most in-demand unit type across multifamily communities due to its balance of affordability and functionality for a broad renter base.
• The units are townhome-style with an average size of approximately 1,193 square feet, offering a more residential living experience with increased privacy and separation of living spaces relative to traditional garden-style apartments.
• All units include additional half bathrooms, providing added convenience for residents and supporting functionality for hosting guests, a feature that is particularly attractive to larger households.
• The combination of larger unit sizes, family-oriented layouts, and functional design features positions the property to capture strong demand, support tenant retention, and differentiate itself within the competitive submarket.