Investment Overview

The Ridge at Calhoun represents an opportunity to acquire a well-positioned, cottage-style community in a growing secondary market with clear and quantifiable upside embedded in its current rent structure. The cottage format is a genuinely differentiated product type — offering residents private entrances, a detached residential feel, and the privacy of a single-family home at a rental price point — and yet the property is currently leasing at a meaningful discount to conventional apartment comps in the area. The property is already demonstrating rent growth momentum as evidenced by both the trailing financials and the spread of individual lease rates on the rent roll, and the competitive set confirms that the market can absorb meaningfully higher rents than the property's current average. The Calhoun market itself offers a compelling combination of demand stability, supply constraint, and long-term economic resilience rooted in its manufacturing base and I-75 corridor positioning. For an operator focused on driving organic revenue growth through disciplined lease management and rent optimization, The Ridge at Calhoun offers a durable, data-backed path to enhanced income — without requiring speculative market conditions, heavy capital expenditure, or significant execution risk. The rent gap is real, the cottage- style product is genuinely differentiated, the comparables are available, and the market fundamentals support it.