The Trust owns Emerald Cottages of New Braunfels, an age-restricted, build-for-rent residential community in New Braunfels, Texas, leased to a Sponsor-affiliated Master Tenant under a 10-year master lease. The investment strategy seeks to complete property lease-up and provide investors with monthly distributions from contractual rental income, including potential Bonus Rent. The Sponsor anticipates an approximately 10-year holding period, followed by a property sale or potential Section 721 contribution to a Sponsor-affiliated REIT. Distributions and exit outcomes are not guaranteed.