CENTRAL LOFTS 300 South Hollywood Street, Memphis, TN 38104 127 Luxury Residences Built 2024/25 Newly Delivered Urban Infill Development in Midtown Memphis Central Lofts is offered as a forward purchase with an occupancy trigger, allowing investors to lock in pricing before full lease-up. The transaction closes once a defined occupancy threshold is met, minimizing lease-up risk. With construction nearing completion and pre-leasing underway, the asset offers strong near-term income potential. With concessions built into first-generation leases, investors are positioned to capture near-term rent growth as those leases turn, while benefiting from long-term value creation in a high-demand Midtown location. INVESTMENT HIGHLIGHTS PILOT Tax Freeze: A PILOT tax freeze has been awarded for Central Lofts, contingent on construction completion. The PILOT lease agreement is typically issued when the Certificate of Occupancy (CO) is granted. According to the developer, CO issuance and move-in are expected in early September 2025. Pre-Stabilized Advantage: Lock in pricing early at an attractive cap rate while minimizing lease-up risk. Modern Urban Living: Contemporary lofts with high-demand amenities. Long-Term Tax Benefits: 15-year PILOT tax abatement provides significant tax advantages. Low-Maintenance Outlook: New construction ensures minimal near-term capital expenditure. Prime Midtown Location: Strategically positioned within 3 miles of 89,000+ jobs (Downtown + Medical District), 5 miles to another 89,000+ jobs (International Airport), and 6 miles from the 100,000+ employee Poplar/I-240 office hub. In Lifestyle Setting: In the urban core, near vibrant districts, dining, and recreation. Major Adjacent Redevelopment: Across from the $315M Liberty Park project—including a $200M stadium renovation—bringing enhanced foot traffic, demand, and long-term neighborhood uplift. Opportunity Zone Location: Prime OZ designation offers significant tax incentives, including capital gains deferral and potential exclusion, subject to review by your tax consultant. OFFERING PROCEDURE Offers may be submitted at any time along with proof of funds and a resume.