Prime opportunity in the most desirable part of town. Lake views, close to schools, stores, new LDS temple, and more! Shovel-ready BTR development opportunity — 150+ unit on 98 lot infill single-family community with completed infrastructure positioned for immediate vertical construction. Skip the 18–36 month entitlement cycle and deploy capital into a market already in motion. Innovative SFR + ADU product mix — Detached single-family homes paired with accessory dwelling units on each lot unlocks +50% more rentable doors per lot, drives blended yield well above standard SFR BTR, and creates a flexible product that captures both family renters and the workforce/younger-professional segment under one site plan. Severe undersupply of new rental product against accelerating in-migration — Moses Lake has grown 9.05% since the 2020 census, with continued growth of 1.4% annually, while Grant County's population has more than doubled since 1985, climbing from roughly 50,000 to more than 105,000 residents. New rental supply has not kept pace, leaving manufacturing employers actively competing for housing for relocating workers. Workforce housing demand is structural, not cyclical — Sila is building a workforce pipeline through partnerships with Big Bend Community College and the Columbia Basin Technical Skills Center, and roughly 80% of Group14's hires came from the local workforce, with hundreds more incoming positions needing housing within commutable distance. Affordable basis in a rising-income market — Median household income in Moses Lake reached $74,752 in 2024, with battery-sector wages pulling the average meaningfully higher. Moses Lake's one-year house appreciation of 11.29% materially outpaces the 8.27% national average, supporting both rental rate growth and a strong exit cap. Multiple exit paths — Hold as a stabilized BTR community for institutional disposition, sell-down individual SFR + ADU bundles to retail or 1031 buyers, or condo-map for fee-simple resale. The product mix gives a sponsor optionality at exit that pure multifamily can't match.