28 Upscale Residences Classic Midtown Asset I Renovated 2020 Offered at Discount to Seller's Basis I Potential Future Condo Exit Ask Price: $3,400,000 ($121,500/Unit) NOI: $210,000 I CAP Rate: 6.2% Occupancy: ~90% range and rising INVESTMENT HIGHLIGHTS · Condo-grade interiors with contemporary kitchens and baths · Prime Midtown location near major employers & lifestyle anchors · Historic charm with modern appeal driving strong renter demand · Clear mark-to-market upside · Low maintenance offering durable cash flows · Accelerating absorption and no new planned starts A+ LOCATION Within 2 miles from Medical District (20,000+ jobs and 10,000 students), 8 miles from White Collar Downtown (89,000+ jobs) and 6 miles from Poplar/I-240 Office Hub (100,000+ White Collar jobs) Over $14 Billion in capital investment underway in the Medical District, anchored by St Jude's Children's Hospital $12.9 Billion expansion and the newly announced $1.5 Billion Regional One hospital campus Memphis MSA – The 5th largest Metro in the Southeast and 2nd most populated Metro in Tennessee anchored by a diverse, stable economic base.