| TOURS BY APPOINTMENT: Thursday, April 9th and Tuesday, April 14th - Call to Schedule |
| 54 units on over 2.5 acres of land in fantastic Redlands location; minutes to historic Downtown Redlands and UC Redlands |
| Value-add opportunity with no city rent control; Proven rental upside: rents approximately $290/unit/month under market |
| Going-in cap rate of 5.3%; market cap rate of 6.3%; Below-replacement-cost pricing at $277K per unit and $153 per square foot |
| Spacious, house-like units averaging nearly 1,500 square feet |
| ADDITIONAL PORTFOLIO OPPORTUNITY: 95 units on Via Zapata in Riverside and the upcoming 61 units in Upland (same ownership) |
Adrienne Barr
Berkadia
