| Current in-place rents trail comparable properties in the Franklin submarket by nearly $200 per unit. |
| Current ownership has invested significant capital into operating systems and property enhancements. |
| Forest Pine was built in five phases: 1968, 1972, 1990, 1994, and 1999. 144 of the 244 units at the property were completed in the last two phases. |
| Surrounded by stable and growing population with favorable household incomes, supporting sustainable occupancy and rental growth. |
| Positioned along U.S. Routes 58 and 460, the property provides direct connectivity to both Hampton Roads and Richmond. |
| The submarket features constrained inventory and steady absorption. |
Amanda Archer
Newmark