| Independence Meadows Apartments in Smithville, TX | 45 Miles Southeast of Austin | 4th Largest City in Texas. |
| 100% Project Based Section 8 Subsidy Contract | Renewed Under Option 3b in 2018 for 20 Years. |
| Underwent Full Mark-to-Market Restructuring in 2018 | Green Initiative | Use Agreement in Place Through 2048. |
| Oversized 7.15 Acre Parcel | Favorable Unit Mix 62% of Units are 2 & 3 Bedrooms. |
| Located 22 Miles Southeast of Bastrop SpaceX Facility | Expected to Increase by 1M Square Feet | $280M in Capital Investment. |
John Snee
SAB Capital
