EVERGREEN

OPPORTUNITY TO ACQUIRE GP INTEREST WITH ATTRACTIVE ECONOMICS

Investors have the opportunity to acquire the General Partner interest in the ownership structure. The majority of ongoing cash flow is distributed to the GP, while residual proceeds upon sale are distributed 90% to the GP, creating a highly favorable economic structure and long-term value creation opportunity.

STRONG HISTORICAL OCCUPANCY

Evergreen has demonstrated exceptional operating performance, averaging 97% occupancy in 2025 and 98.8% occupancy in 2024, reflecting strong demand and consistent asset stability.

EXCEPTIONAL COLLECTIONS PERFORMANCE

The property has maintained strong collections, with bad debt averaging less than 0.5% over the last year, supporting reliable cash flow and operational consistency.

RENT GROWTH OPPORTUNITY

Comparable properties in the market are currently achieving rents approximately $100 to $250 above in-place asking rents, creating a clear path for future revenue growth through strategic rent increases.

TOWNHOME PRODUCT WITH DESIRABLE FEATURES

The community consists of two- and three-bedroom townhome units featuring balconies or patios, additional storage space, self-cleaning ovens, microwaves, dishwashers, air conditioning, and in-unit washer and dryer connections.

FUNCTIONAL COMMUNITY AMENITIES

Residents benefit from access to a business center, clubhouse, fitness center, playground, and leasing office, enhancing the overall resident experience and supporting long-term retention.

WOODLEIGH HOMES

STRONG OCCUPANCY PERFORMANCE

Woodleigh Homes has maintained occupancy above 97% for the past 14 months and is currently 100% occupied, demonstrating durable renter demand and stable operations.

CONSISTENT COLLECTIONS HISTORY

Collections remain strong, with bad debt averaging less than 0.75% over the last two years, supporting dependable cash flow and asset performance.

ASSUMABLE 0% INTEREST HOME LOAN

The property offers the opportunity to assume an existing HOME loan with a 0% interest rate, originally issued in the amount of $349,000 and maturing on December 1, 2043, providing a unique financing advantage for new ownership.

2026 AMI GROWTH SUPPORTS FUTURE RENT INCREASES

Area Median Income in Mason County, Kentucky increased by 2.97% for 2026, providing additional flexibility for future rent growth within program guidelines.

EFFICIENT UNIT MIX WITH RESIDENT-FRIENDLY FEATURES

The property offers a mix of one- and two-bedroom units featuring additional storage space, microwaves, dishwashers, and air conditioning.

FUNCTIONAL COMMUNITY AMENITIES

Residents have access to a business center, fitness center, on-site laundry facility, and leasing office, supporting convenience and resident satisfaction.

RECENT CAPITAL IMPROVEMENTS COMPLETED

Ownership has recently completed roof repairs and sealing, helping preserve the physical condition of the asset and reduce near-term capital expenditure requirements.