INVESTMENT HIGHLIGHTS BELOW MARKET RENTS Camber Villas offers potential tenants lower rents than the comparable set without compromising on interior finishes or amenities. The rent delta of the comps compared to Camber Villas also provides a healthy buffer for increasing rents at the Property going forward. LIMITED COMPETITION IN IMMEDIATE AREA Camber Villas, which is walking distance to Blinn College - Bryan Campus, is the only student property within approximately 3 miles. Blinn College had over 6,100 students enrolled at the Bryan Campus in Fall 2023. Additionally, Texas A&M University is only approximately 12 minutes away, and had an enrollment of over 72,500 in Fall 2024 making it the 2nd largest public university in the nation. STRATEGIC ACESS TO TEXAS A&M - RELLIS Via its quick access to Highway 21, Camber Villas is one of the best located student properties in the MSA for students attending the new Texas A&M – RELLIS campus. RELLIS, a partnership between Texas A&M and Blinn College, is the first integrated education, research and testing campus in the state of Texas. Sitting on an 1,877-acre site on the west side of Bryan-College Station, development on the campus began in 2016 and is ongoing. Classes began in 2018, and enrollment grew to approximately 3,800 by Fall 2023. It is estimated that enrollment could eventually reach 10,000 students. The campus has also experienced tremendous private sector growth, including a planned $10B semiconductor manufacturing facility by Substrate Inc. STRONG SUBMARKET FUNDAMENTALS In the past 3 years, student housing properties in the Bryan-College Station MSA have experienced rapid rent growth while maintaining average occupancies of over 90%.