The Trust owns Riverworks, a 349-unit Class A apartment community built in 2017 on about 20.6 acres in Phoenixville, Pennsylvania, in the Philadelphia metro area. The Property is master leased to a Sponsor affiliate, which subleases units to residents and pays the Trust rent tied to the Property's gross income. Harbor Group Management Co. manages the Property. The stated objectives are to pay investors annual cash flow, manage the Property to keep its long-term value, and sell it before the Loan matures in May 2034. The offering is built for investors completing a Section 1031 exchange.