This offering represents the opportunity to acquire a student housing community in Miami, Florida, pedestrian to the University of Miami. This offering includes House 57 and The Flats, which are located next to each other. House 57 is a 12-unit, 42-bed apartment building with a mix of three- and four-bed units with bed-bath parity built in 2016. The Flats are two duplexes totaling 4 units and 16 beds with bed-bath parity built in 2018. According to College House, there are only five other purpose-built student housing properties within one mile of UMiami’s campus amounting to less than 2,000 beds. With UMiami’s consistent growth over the past few years, demand for purpose-built beds is increasing. House 57 + The Flats offers amenities to its residents including a rooftop lounge with hot tubs, outdoor grilling station, picnic garden, study room, controlled security access, and ground-floor parking. This offering represents 100 percent fee-simple interest in House 57 + The Flats, free and clear of any debt. This enclosed and confidential offering memorandum is only for review of prospective purchasers in order to evaluate House 57 + The Flats and a possible acquisition.