| Knoxville MSA Without REIT Saturation // The portfolio sits just outside Knoxville’s institutional core, benefiting from the MSA population growth |
| Strong Demand Drivers Demonstrated by Solid Occupancy // Demand is supported by manufacturing, healthcare, education, research & tourism |
| Proven Self-Storage Markets // Knoxville and surrounding counties continue to benefit from strong net in-migration, household formation & commuters |
| Smaller-Format Facilities With Quality Amenities // The portfolio consists of smaller, well-maintained facilities, gated, fenced, lighting & cameras |
| Clear Path From Stabilized Yield to Long-Term Upside // Acquisition at a 7.10% in-place cap rate provides immediate cash flow |