Red Sea Grove

The reasoning behind the acquisition.

A 39-unit Tempe community acquired at a basis below replacement cost. The original underwriting used flat rent trade-outs in a market with elevated inventory, placing the emphasis on purchase basis and operating execution.

Our work in the investment

The business plan requires close attention to lease-up, concessions, capital improvements, and the operating team. Portfolio reporting connects those moving parts to specific decisions and follow-through.

This profile describes acquisition rationale and responsibilities based on the July 10, 2026 sponsor overview. It does not represent a current performance report or a forecast of returns. Request current reporting from investor relations.