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• 155 Sites | Licensed for ~170 – Large Community Scale Supports Operational Efficiencies and Investor Appeal.

• 79 Percent Occupancy – Solid in-Place Income with Considerable Upside Through Filling Vacant Sites.

• Strong Lot Rents – Current Average Rents of $645 Per Month Provide Stable Revenue with Potential for Further Increases.

• Public Utilities | Sub-Metered – City Water and Sewer with Resident Reimbursement Lowers Owner Expenses and Simplifies Operations.

• High-Demand Metro Location – Situated in Des Moines, IA, a Growing Getro withSstrong Employment Drivers, Diverse Economy, and Rising Housing Demand.

• Value-Add Opportunity – Lease-Up of Remaining Vacant Sites and Potential Rent Growth Create Significant Upside for New Ownership.

• Resident-Owned Homes – Primarily Resident-Owned Units Reduce Management Intensity and Ongoing Capital Obligations.