Acquisition of a newly constructed, 309-unit, Class A multifamily property located near the Ford Kentucky Truck Plant in the Springhurst neighborhood of Louisville, Kentucky.

Delaware Statutory Trust ownership structure.

At the time of closing, the property was in initial lease up and 58% occupied, with strong recent leasing activity.

High-quality property with luxury amenities in a demographically strong area.

Low-leverage loan to a very experienced, repeat sponsor.