| Based on market rent comparables and implementing a value-add renovation program, a rent premium of $246 (10%) over average in-place units. |
| In-Place and Pro forma rents currently 12.8% and 4.0% respectively below 80% AMI (Low-Income) rent limits. |
| A low-density, garden-style community comprised of 100 units featuring spacious two- and three-bedroom floorplans averaging 1,015 SF. |
| Community amenities include a resort-style swimming pool/spa, recreation room, controlled access with covered and assigned parking, and onsite laundry |
| Just 1.3 miles east from Downtown Escondido, a vibrant historic district known for its art galleries, museums, restaurants, and boutique shops. |
| The Highway 78 corridor is a thriving economic hub, supporting over 292,700 jobs with 5.1% job growth, and a low 3.4% unemployment rate. |
Christopher Zorbas
Institutional Property Advisors
