The Trust owns East at Innovation, a 539-unit Class A garden apartment community in east Orlando, Florida, built in two phases between 2017 and 2019 and 95.9% occupied at acquisition. It leases the whole property to a Sponsor-affiliated master tenant that sublets units to residents and pays the Trust rent tied to the property's income. The plan is to hold the stabilized asset, fund an interior renovation program for about half the units plus exterior upgrades from Trust reserves, pay monthly distributions, and sell the property before the 10-year fixed-rate loan matures in September 2035.