The Trust owns Summit Ridge Apartments, a 432-unit garden-style multifamily community built in 2001 and renovated in 2019 in Lee's Summit, Missouri, in the Kansas City MSA. The Property was bought on 9/20/2024 from an unaffiliated seller for $81.5 million and is master leased to a Sponsor affiliate, with BH Management as property manager. The plan pairs current income with a value-add program: upgrading about 355 unit interiors for rent premiums, plus exterior, amenity and roof work funded from Trust reserves. The stated objectives are monthly cash flow, preserving long-term value and a sale before the October 2031 loan maturity.