Priced Well Below Replacement Cost at $66 Per Square Foot Value Add Opportunity via Rent Raise and Renovation Program Centrally Located Portfolio For Easier Management Attractive Assumable Debt | 4.53% Cap Rate: 7.98% on Current | Pro Forma 10.2% Cash on Cash: 8.92% on Current | Pro Forma 12.64% Total Return: 10.4% on Current | Pro Forma 14.1% Rental Income Loss to Lease | 14.57% Strategic Ability to Sell Individually Into Historically Strong Single Family Market Notable Economic Drivers | Hyundai Plant, Maxwell-Gunter AF Base, State Capitol of Alabama, Alabama State University, Amazon, Alfa Insurance