Investment Overview

This Offering Memorandum presents the opportunity to acquire a three-property multifamily portfolio totaling 75 units and 61,740 rentable square feet. The portfolio provides immediate scale with diversified income across three assets, supported by strong in-place operations and a clear underwriting framework. Current modeling reflects full occupancy and durable baseline cash flow, positioning the acquisition to perform from day one while still offering meaningful upside. The portfolio’s value-add thesis is straightforward and executable: capture rent growth through mark-to-market leasing and targeted interior improvements, while improving operations and controllable expenses to expand NOI. Importantly, the upside is not dependent on a single strategy or a single property—each asset contributes a distinct lever. River Road anchors the portfolio with a strong story (Opportunity Zone positioning, 2022 renovation, and additional land/amenity potential), while Magazine and Second provide boutique infill exposure with practical upgrade pathways and operational improvements.