Sundial Apartments represents a stabilized multifamily asset characterized by high demand, high tenant retention, and a diverse revenue stream. Over the trailing 12-month period, the property has demonstrated strong operational resilience- maintaining high occupancy and effectively managing expenses to deliver dependable NOI. Its presence in a "Small Market" provides the investor with higher yield opportunities compared to Tier-1 metropolitan areas, while maintaining the security of a stabilized asset. • Occupancy: Historical average in the 95% range, the property is currently 96.7% occupied. • Revenue Growth: Positive T12 trend fueled by a 15% contribution from ancillary income and utility recoveries. ________________________________________ I. REVENUE COMPOSITION & UPSIDE The property utilizes a diversified income model that shields the investor from fluctuations in base rent. Ancillary Income Drivers: • Value-Add Fees: a steady "Other Income" stream that exceeds 15% of the total revenue mix including utility reimbursement income +9% of expenses. • Loss-to-Lease Capture: Current rent rolls indicate a systematic narrowing of the gap between In-Place and Market rents. ________________________________________ II. ASSET MIX & LEASING DYNAMICS Sundial’s unit mix is designed to capture the broadest possible segment of the local workforce, ensuring high demand and low turnover and provides a natural hedge against market fluctuations. The property features a variety of floor plans with market-competitive rental rates: • 62 Units- Studio / Efficiency (400 Sq Ft) • 37 Units- Standard One-Bedroom (550 Sq Ft) • 8 Units- Large One-Bedroom (750 Sq Ft) Current Lease Status • Stability: Minimal vacancy loss recorded in the current rent roll. • Rent Appreciation: Rates have steadily increased over 25% since 2021. • Growth Potential: Current lease rates are 10% below market. The property currently offers an income boost that a new owner can tap into immediately from lease trade outs and filling the few remaining vacancies. Sundial’s profile puts new ownership squarely in the sweet spot to answer the markets high demand for workforce housing. ________________________________________ III. MANAGEMENT EFFICIENCY Institutional-grade oversight has resulted in a clean expense profile with optimized labor and maintenance costs. ________________________________________ IV. ASSUMABLE FINANCING Low Leverage Fannie Debt with the following terms: Loan Balance- $4,255,000 Interest Rate- Fixed 4.15% Maturity- Jan 1, 2032 ________________________________________ V. MARKET DYNAMICS 1. Lake City’s location at the I-10/I-75 interchange offers an easy commute to a robust local and regional employer base. Within 30-minutes outside of Lake City's boundary there are 13,000 jobs with just 10 employers. This has resulted in a 2.5% unemployment rate and Household Income up a whopping 14.5% in 2024. 2. Few competing properties and a diverse unit mix capture the broadest possible segment of this workforce. 3. Sundial’s profile puts new ownership squarely in the sweet spot to answer the markets high demand for workforce housing. ________________________________________ PLEASE REQUEST NDA FOR FULL FINANCIAL DISCLOSURE: T12 P&L, Certified Rent Roll, and Third-Party Reports available to qualified investors upon the execution of a Non-Disclosure Agreement. SELLER WILL NOT HOLD A NOTE.