775 Guadalupe Road, Victoria, TX 77905

• Conversion Optionality — Park-owned homes can be transitioned to tenant ownership over time, allowing additional income to be captured from interest on home financing, lowering operational intensity, and supporting long-term value creation.

• Newer Home Inventory & Recent Capital Investment — The community features newer park-owned homes, and current ownership has completed significant capital improvement projects across the property, delivering a well-maintained, turnkey asset with minimal deferred maintenance.

• Reduced Capex Exposure — With homes and infrastructure recently updated, the property requires lower ongoing reserves and capital expenditure, allowing a new owner to focus on revenue optimization rather than rehabilitation.

• Recession-Resilient Affordable Housing — 20-site community serving Victoria's workforce population, addressing strong demand for attainable housing in a market with limited affordable alternatives.

• Secure, On-Site Storage Building Available For Tenants Exclusive Use

• Regional Economic Hub — Located in Victoria, a regional center for healthcare, education (University of Houston–Victoria, Victoria College), and energy-linked employment, supporting durable tenant demand.

• Dual Revenue Streams — All park-owned homes generate both lot rent and home rent, delivering significantly higher gross revenue per site than a typical tenant-owned-home community.

• Supply-Constrained Market — New park development is rarely permitted across Texas municipalities, protecting occupancy and insulating existing communities from new supply.

• Multiple Exit Strategies — Flexibility to stabilize and trade up, convert to tenant-owned for a higher exit multiple, or sell to a regional operator pursuing small-park consolidation.