Sold 2014

• Acquired Alegre Apartments in San Antonio, Texas in April 2012
• 24 unit garden-style complex built in 1969
• Class C
• We completed value-add improvements achieving the following:
  • Occupancy increased from 75% to 100%
  • $90,000 in capital improvements

Sold 2014

• Acquired Aspen Chase Apartments in San Antonio, Texas in December 2014
• 143 unit garden-style complex built in 1966
• Class C
• We completed the following value-add improvements:
  • Major upgrade to onsite & asset management
  • $500,000 in capital improvements
• San Antonio Apartment Association – Property of the Year 2014

Sold 2016

• Acquired Coral Gables in San Antonio, Texas in November 2013
• 28 unit garden-style complex built in 1974
• Class C
• Since acquiring the asset, we accomplished the following improvements:
• $100,000 completed capital improvements
• Increased rent value by 26%
• Improved curb appeal and management

Sold 2017

• Acquired Darby Square in San Antonio, Texas in February 2015
• 74 unit garden-style complex built in 1986
• Asset Quality: C
• Improved operations and curb appeal, increasing resident satisfaction and
  occupancy to 96%

Sold 2019

• Acquired Astoria Apartments Homes in San Antonio, Texas in July 2014
• 88 unit garden-style complex built in 1979
• Class C
• Since acquiring the asset, we accomplished the following improvements:
  • Occupancy improved from 36% to 92%
  • Achieved rental growth of 50% on new leases
  • Refinanced after 2 years, in August 2016

Sold 2019

• Acquired Aragon Place in San Antonio, Texas in January 2016
• 216 unit garden-style complex built in 1983
• Class B
• We completed the following value-add improvements:
  • Replaced onsite management team
  • $950,000 in planned improvements
  • Occupancy increased from 80% to 92%

Sold 2021

• Acquired Parc 410 in San Antonio, Texas in March 2017
• 344 unit garden-style complex built in 1980
• Class B
• We completed the following value-add improvements:
  • Renovated 130 units with $525,000 rehab budget, utilizing economies of scale with current portfolio and in-house construction and management teams

Sold 2021

• Acquired Atrium Commons in San Antonio, Texas in October 2017
• 256 unit garden-style complex built in 1985
• Class B
• We increased occupancy by 28%, maintaining an average 94% occupancy

Sold 2022

• Acquired Ridge at Southcross in San Antonio, Texas in October 2016
• 212 unit garden-style complex built in 1974
• Class B
• The business plan included adding a fitness center, remodeling the leasing office, remodeling the pool, adding a sun deck, improve landscaping. Interior upgrades for 132 units included adding faux wood flooring, 2” wood blinds, USB ports, black appliances, updated lighting, custom paint, and kitchen backsplashes.