Oasis at Shingle Creek, the property held by the Trust (the “Property”), is a Class A garden-style multifamily community located in Kissimmee, FL, within the Orlando MSA. Developed by The Altman Companies, the Property consists of 356 units across 15 three story apartment buildings, with 34% of units featuring private entries and 136 units offering direct access garages. The community includes a resort-style pool with private cabanas overlooking an interior lake, a clubhouse with a movie theatre and game room, a 24/7 fitness center, and spa-inspired unit interiors with quartz countertops and stainless-steel appliances.

The Sponsor’s business plan for the Property and its investment objectives for the Interests will be to (i) preserve the Purchasers’ capital investment, (ii) make monthly distributions from Master Lease rent payments, which may be partially tax deferred as a result of depreciation and amortization expenses, (iii) capitalize on potential rental premiums afforded by the easy access to major economic drivers, robust development and thriving economic conditions in the local area, (iv) increase the net operating income of the Property through growth in rental rates, maintenance of high renter demand and occupancy, implementation and maintenance of expense controls by professional property management, and institutional-quality asset management, (v) add value and improve asset quality through selective minor and non-structural capital improvements, thereby increasing rent and renter demand, and (vi) sell the Property at a profit within approximately five to 10 years. See “Business Plan.”