| Below-Market Occupancy Creates Upside Potential: With current occupancy at 45.5% , Shadow Creek offers a substantial lease-up opportunity |
| One of the Newer Assets in Lufkin: Built in 2000 & 2012, Shadow Creek is newer than most multifamily properties in Lufkin |
| Strong Market Demand & Rent Growth: According to ALN Apartment Data, the Lufkin multifamily market maintains average occupancy of 90.8% |
| Strong Location Near Major Demand Drivers: The property benefits from close proximity to Loop 287, providing convenient access throughout Lufkin |
| Steady Economic Base: Lufkin’s economy is supported by healthcare, manufacturing, and retail, offering a stable foundation for rental demand |
| Diversified Unit Mix: A balanced offering of one, two, and three-bedroom floor plans captures broad renter demand |
Claire Schmeltekopf
EDGE Realty Capital Markets