THE OPPORTUNITY: This is a four-property, six-unit scattered site portfolio. The tenants are a mix of Section 8 and market-rate tenants, ensuring steady rental income while benefiting from government-backed subsidies that provide stability in fluctuating markets. The scattered nature of the portfolio minimizes concentration risk, offering geographic diversification to new ownership. STRONG RENTAL DEMAND: The rising cost of homeownership, fueled by high interest rates and limited housing inventory, has made renting the preferred option for many residents. Single-family rentals are increasingly in demand as renters seek more space, privacy, and affordability compared to traditional apartments, creating strong leasing velocity and long-term occupancy stability for this portfolio. Baltimore City voucher holders and market rate tenants alike, often opt for the single family/townhome option as opposed to the comparable sized apartment providing steady demand while minimizing turnover. VALUE ADD - STRONG RENTAL UPSIDE & MANAGEMENT EFFICIENCIES: With in-place rents ~$200 below market rates, new ownership has the ability to implement light renovations, utility restructuring, and improved management practices to drive NOI growth and enhance overall property performance. An operator with local expertise and existing scale can reduce management expense exposure, likely decreasing the expense load by ~2-3%. POTENTIAL FOR APPRECIATION: Baltimore’s single-family housing market has seen a 5% increase in closed individual home sales, while multifamily sales values have dropped over the same 12-month period. A new investor has the opportunity to take advantage of multifamily-like scale and rental returns while maximizing exit value by selling on an individual basis to traditional homeowners.