The Cushman & Wakefield Florida Multifamily Advisory Group is pleased to present the 238-unit The Park at Napoli multifamily community located in Winter Park, Florida.

The Cushman & Wakefield Baltimore Single-Family Advisory Group is pleased to present The Belair-Edison Portfolio located in Baltimore, MD. The Offering is comprised of 20 single-family rental units in Northeast Baltimore with centralized management operations. The Portfolio is well positioned for a value-add business plan executing a leasing strategy to attract renters receiving housing vouchers and rental subsidies.

Currently less than 10% of the residents receive rental assitance and rent increases have remained relatively flat over the past 18 months. The opportunity exists to increase rents as much as 20%-25% with minimal capital expenditure, while actively leasing to residents receiving rental vouchers. Single-Family Rentals offer high yields and strong occupancy rates. High-Performance Metrics for Single-Family Rentals include a 99% occupancy rate, 8.5% annualized vacant-to-occupied (V2O), an increase of 5x the 2020 Rate. Baltimore City Housing Voucher Rents consistently outperform comparable market rate levels.

The Majority of the Homes have received modest capital improvements including new rooves, windows, mechanicals, and electrical systems. Other important enhancements include the installation of in-home washer/dryers, central air conditioning, dishwashers, modern appliances, and upgraded kitchen and bathroom finishes.

The Cushman and Wakefield Mid-Atlantic Multifamily Advisory Group is pleased to present The Washington Square Apartments, a demonstrated value-add opportunity just 15 minutes from Downtown Philadelphia. Located in Prospect Park, PA, the 30-unit apartment community is perfectly suited for a business plan focused on making substantial rent increases while substantially reducing operating expenses. Washington Square is in excellent condition as The Property has been meticulously maintained through several decades of continuous ownership and regular capital expenditures. Further value can be created through the cosmetic renovation of existing kitchens and bathrooms, adding modern tasteful finishes, and achieving an attractive ROI. Income can also be bolstered through streamlining management expenses and increasing operational efficiency. Rents at the Property trail surrounding comparables of similar vintage by 40%-60%.

Thanks to its affordability and its growing, healthcare-driven economy, Philadelphia has long been known as one of the most stable major apartment markets., with trailing 12-month asking rent growth running at an impressive 9.3% in the fourth quarter of 2021. Suburban apartment performance continues to rise, with many employers allowing their workers to work remotely, Suburban Philadelphia rent growth is forecasted to post a 10% year over year gain, compared to a 4% increase in 2020.

Cushman & Wakefield, as exclusive advisor, is pleased to present Elan Ruby Lake, a 372-unit garden-style apartment community located in Orlando, Florida (the "Property"). Completed in 2022, the Property is situated on 16.8 acres adjacent to Lake Ruby on the west side of Interstate-4.

Elan Ruby Lake features 10 three and four-story residential buildings and a community clubhouse. The average unit size of the apartment homes is 962 s.f. across one, two, and three-bedroom floor plans. Unit interiors feature stainless steel appliances, quartz countertops, built in closet systems, kitchen islands, and natural hardwood plank-style flooring. The Property boasts an impressive amenity package including two swimming pools, a state-of-the-art fitness center and yoga studio, an outdoor game lounge, a business hub with flexible work-spaces, an outdoor kitchen with BBQ stations, an on-site pet spa and dog park, a media and clubhouse game room, 24/7 package lockers, two bocce ball courts, a fitness track, and property-wide walking paths among other offerings.

The Property offers immediate access to a surplus of lifestyle amenities including extensive retail and recreational offerings with more than 1.7 m.s.f. of retail within one mile. Additionally, the Property is ideally positioned within the Tourist Corridor Office Submarket, home to more than 9.8 m.s.f. of office space, and adjacent to Interstate-4, providing easy access to a diverse set of major employers throughout the Orlando MSA.