The Trust owns Colony at Centerpointe, a 255-unit Class A- garden-style apartment community built in 2016 on about 17.8 acres in Midlothian, Virginia, in the Richmond MSA. It acquired the property on June 18, 2026 for $74.6 million and master leases it to a Sponsor affiliate, which runs the property through Sponsor-affiliated managers. The business plan pairs stable occupancy with a modest unit and amenity upgrade program to support rent growth. The Trust targets a sale or a 721 UPREIT contribution in about seven years.