The Trust owns a ground leasehold interest in Union Berkley Riverfront, a 2018-built, 407-unit multifamily community with 14,242 SF of ground-floor commercial space in Kansas City, MO, acquired November 14, 2025 for $113.5 million. The Property is master leased to a Sponsor-affiliated Master Tenant and managed day to day by Willow Bridge Management, Inc. Investors seek monthly distributions, capital preservation and a profitable sale after an anticipated hold of about five to ten years. Distributions depend on Property gross revenue exceeding fixed rent breakpoints. The Sponsor plans institutional management, modest common-area and systems upgrades, and about 95% stabilized occupancy, with no unit renovation program.