The Trust owns The Collective at Archer, a stabilized 172-home detached built-for-rent community completed in 2023 in Gainesville, Florida, acquired July 29, 2025 for $51,025,000. The Trust leases the entire property to a Sponsor-owned Master Tenant, which subleases homes to residents and pays Base Rent sized to cover debt service and Trust costs, plus supplemental rent that funds investor distributions. Distributions are paid monthly and are projected at 4.20% in Year 1 rising to 5.62% in Year 10. The Trust plans a sale before the loan matures in August 2035. The offering targets Section 1031 exchange investors.