This two property, 162 unit portfolio in Savannah, Georgia was acquired off market at a favorable basis with in place rents well below market, creating meaningful loss-to-lease recapture. The assets are only a few miles apart, allowing shared staffing and purchasing efficiencies. The business plan includes investing approximately $1 million in capital improvements, renovating units and enhancing exteriors with siding and fencing repairs and fresh paint. With these upgrades, average rents have room to rise significantly per unit supported by a strong location just 20 minutes from historic downtown Savannah, less than 30 miles from Hyundai’s 7.6 billion dollar EV Metaplant, and close to abundant shopping, restaurants, and employment.