The Suburban Studios consists of two exterior corridor structures with a total of 139 apartment style guestrooms including fully equipped kitchenettes (stovetop, microwave, refrigerator, toaster and kitchenware). The property is located along Glenwood Avenue about equidistant from Raleigh-Durham International Airport and Downtown Raleigh. Glenwood Avenue is a major thoroughfare with a traffic volume nearing 40,000 vehicles per day. Major retailers, restaurants and offices are easily accessible by bus or car most notably Crabtree Valley Mall which has over 200 stores and dozens of restaurants and is minutes away from the property. Suburban Studios Raleigh-Crabtree represents a compelling value-add investment opportunity in one of Raleigh's strongest lodging submarkets. The property has experienced operational underperformance under absentee ownership, resulting in occupancy, ADR, and RevPAR levels that trail the competitive set and broader market. Additionally, the asset exhibits deferred maintenance and requires strategic capital improvements to fully realize its potential. A hands-on owner/operator can capitalize on significant upside through targeted renovations or repositioning, enhanced revenue management, improved sales and marketing efforts, and stronger day-to-day oversight. With Raleigh's continued economic and population growth, the property is well-positioned for meaningful performance gains and value creation through active asset management.