Significant Capital Investment Enhancing Long-Term Value:

• The property has undergone an extensive capital improvement program totaling $2,113,971, comprised of $205,655 in exterior enhancements and $1,908,316 in interior upgrades.
• Exterior improvements include site-wide updates designed to improve curb appeal, resident experience, and property longevity.
• The interior capital program included: comprehensive interior remodeling, carpet and flooring replacements, new appliances, interior painting, plumbing repairs and water heater replacements.
• These comprehensive upgrades have improved unit quality, increased operational efficiency, and positioned the asset for continued rent growth and tenant retention.

Rapid Lease-Up Demonstrates Stabilized Performance:

• The property has achieved stabilized occupancy following a period of strong leasing velocity, reflecting robust renter demand and effective management execution.
• Occupancy improved from 67% on January 1, 2025, to 85% by May 13, 2025, driven by targeted marketing and operational enhancements.
• The asset reached 90% occupancy as of June 1 and is projected to climb to 92% by mid-June, supported by active pre-leasing and sustained interest.
• This rapid absorption underscores the property’s competitive positioning within the submarket and affirms its status as a stabilized, incomegenerating investment opportunity.