Investment Overview

PROVEN VALUE-ADD STRATEGY Briarwood provides investors the opportunity to continue the proven in-place value-add strategy. Ownership has upgraded 18 units with luxury vinyl plank flooring, updated counter tops, new appliance package, cabinetry and refurbished/resealed tubs and surrounds. The improvements have resulted in a $125 rent premium on market rent units (81 total market rent units) with further growth supported by analysis of comparable assets in the submarket which is included in the Rent Comparables Section of this Offering Memorandum. Exterior improvements include but not limited to complete roof replacement in 2018, professional landscaping and new ramps. Continuation of the demonstrated path adds $121,500 to topline revenue with further growth available.