Investment Overview

The Forest Park Portfolio consists of two adjacent properties, Forest Park and Forest Park Court, totaling 146 units in Spokane, Washington and Built in 1978 and 1987 respectively. Both properties have been well maintained with the ownership investing significant capital expenditures over the past several years. Unit amenities include electric range, oven, dishwasher, refrigerator, track lighting, plank flooring, vaulted ceiling, fireplace, and private balcony or patio. Common area amenities include fenced courtyard, pool, on-site management office, stor-age lockers, covered and open parking. Forest Park Court is 4 buildings totaling 66 units and built in 1978. The unit mix is a single studio, 49 one-bedroom units, and 16 two-bedroom units with an average size of 564 square feet. Forest Park is 5 buildings totaling 80 units and built in 1987. The unit mix is 24 one-bedroom units and 56 two-bedroom units with an average size of 818 square feet. The total land area of the portfolio is 5.84 acres. Situated in the Country-Homes neighborhood of north Spokane, Washington, the properties’ residence benefit from the quiet suburban location, while being only 6 miles from the the vibrant downtown diversity of Washingtons second largest metro. While in a suburban setting, the properties are close to several major re-tailers and boast a WalkScore of 71, Very Walkable. Division Street, the primary north-south corridor in Spokane provides great connectivity through the entire valley and access to major retailers such including Walmart, Target and Costco. Grocers like WinCo Foods, Rosauers, and Safeway are all located within a mile of the property. Nearby schools include Shiloh Hills Elementary, Mountainside Middle School, and Mt. Spokane High School. Whitworth University is just over a mile from the property and The University of Gonzaga is approximately 5 miles from the properties. The properties are adjacent to Hill N” Dale Park and Holm-berg Park is within a half mile.