144 Units in Norman, OK, Built-in 99’, purchased for $12,100,000 on October 24, 2022. The average cash on cash on this deal is 8.25%. We did a Fannie loan at 5.25% with 10 years of interest-only 71% LTV. The central strategy will improve current operations(lower expenses and improve collections), remodel a handful of units, and achieve our proforma rents within four years. Our manager manages many nearby properties in case the property ever needs additional assistance. We are proposing a $93 rent bump over four years. Current rents are $927 to take them to $1020. Most of this is bringing tenants to the market rates. We will also raise RUBS and any other fees where appropriate. The property is in great shape since it’s newer and our best-located asset. We are excited to take it to the next level.