The Trust owns Cacema Townhomes, a 176-unit Class A rental townhome community completed in 2024 in Kissimmee, Florida, within the Orlando metro. The property is finishing its initial lease-up and is master leased to a Sponsor affiliate that operates it through an affiliated property manager. The plan is to hold the property for about ten years, pay monthly distributions from master lease rent, and exit through a sale of the whole property or a 721 contribution to a Sponsor-affiliated REIT.