EXECUTIVE SUMMARY Northmarq, as exclusive advisor, presents the opportunity to acquire Sunrise Station, a 158-unit multifamily community offering an attractive combination of in-place income and continued operational upside. The property features a diverse mix of efficiently designed one- and two-bedroom residences with an average unit size of approximately 458 square feet, appealing to a broad renter demographic seeking attainable housing options. The asset has undergone significant repositioning in recent years, transitioning into a fully functioning multifamily community with modernized unit layouts and improved operational infrastructure. These improvements have allowed ownership to establish a strong leasing foundation while demonstrating the property’s ability to achieve rent growth through continued lease-up and operational optimization. Current rents remain below recently achieved levels across several unit types, providing investors with a clear opportunity to capture additional revenue through continued leasing momentum and the elimination of remaining operational inefficiencies. The property’s unit mix, efficient floor plans, and attainable rental pricing position Sunrise Station to benefit from sustained demand for workforce housing within the market. INVESTMENT HIGHLIGHTS 158-Unit Multifamily Newer Construction Asset The property benefits from relatively recent construction and modern building infrastructure, reducing near-term capital expenditure requirements compared to older vintage assets. Potential Eligibility for California Welfare Tax Exemption Approximately 89% of the units are currently leased at or below 80% of Area Median Income (AMI), positioning the property as a strong candidate for the California Welfare Property Tax Exemption, which may significantly reduce operating expenses for qualifying ownership structures. Attractive Attainable Rent Positioning Efficient unit layouts and attainable rent levels appeal to a broad renter demographic seeking quality housing at a competitive price point. Opportunity to Capture Additional Rent Growth Current in-place rents remain below recently achieved rent levels across multiple unit types, creating a clear opportunity to increase revenue as leases roll. Efficient Unit Mix Designed for Today’s Renters Primarily one-bedroom residences complemented by loft and two-bedroom layouts with efficient floor plans that support strong leasing velocity. Compelling Basis Relative to New Multifamily Development The offering provides investors the opportunity to acquire a newer vintage multifamily community at a basis that is highly competitive relative to current development costs for comparable assets.