Structured Call for Offers Offers Due by EOB on August 26, 2026 We are pleased to present one of the few opportunities to acquire a purpose-built, university-affiliated student housing community through a structured institutional call for offers. On behalf of Ownership, Ghan & Cooper Commercial Properties is pleased to offer Sebastian Commons Apartments, a 204-unit (480-bed) student housing community encompassing approximately 181,537 square feet across nine buildings, strategically located immediately adjacent to the University of Arkansas – Fort Smith campus in Fort Smith, Arkansas. The Property has served as the University’s premier student housing community for more than two decades and represents a unique opportunity to acquire a well-established institutional asset while partnering in the continued success of one of Arkansas’ leading regional universities. Unlike a conventional multifamily offering, Sebastian Commons is being marketed through a structured institutional call for offers designed to identify a purchaser with the financial capacity, operational expertise, and long-term commitment to continue supporting the University’s housing mission. Ownership will evaluate proposals based on overall qualifications, operational capabilities, transaction certainty, long-term stewardship, and purchase price. Prospective purchasers should note that the Property will be conveyed subject to a recorded deed restriction requiring its continued operation as student housing serving the University of Arkansas – Fort Smith. The Offering Memorandum outlines the ownership structure, bid procedures, operational expectations, and legal framework associated with the Property. We invite you to review the enclosed Offering Memorandum and encourage your company to participate in this investment opportunity. If you have any questions, would like to discuss the offering in greater detail, schedule a property tour, or request access to the due diligence materials, please do not hesitate to contact us. Thank you for your consideration. We look forward to the opportunity to work with you throughout the offering process.