1234 K STREET

• Lincoln market description Lincoln is Nebraska’s capital and second-largest city. It serves as the center of the state’s governmental and educational activity. Lincoln is home to the university of Nebraska-Lincoln with roughly 25,000 students enrolled. It has a diverse economic base that is less dependent on a single industry, unlike markets of similar size. Lincoln is estimated to have a population of roughly 350,000 with an unemployment rate of about 2.8%, creating a credible case for consistent renter demand. • Submarket description 1234 K St. is located in downtown Lincoln, near the city’s primary employment, governmental, education, hospitality, and entertainment districts. The surrounding submarket supports a consistent base of renters who prioritize affordability and proximity to work over luxury amenities. As Lincoln’s downtown employment base continues to generate demand for conveniently located housing, 1234 K St. is positioned to remain a relevant and dependable option for residents who need functional, affordable housing near work.1234 K Street is a 24-unit, renovated, stabilized multifamily asset with 100% occupancy, offering immediate cashflow for the purchaser. With a unit mix of 20 studio apartments and 4 one-bedroom units, the in-place rents continue to attract stable workforce and student tenancy while offering future upside through organic rent growth and continues expense optimization. The property is well positioned to serve Lincoln’s downtown workforce, including government, university, hospitality, healthcare and office employees. The studio-heavy layout appeals to a broad tenant base seeking a practical alternative to higher-priced luxury apartments, supporting durable leasing demand in a central location. Offered at $66,625 per unit, the pricing is compelling on a price per door basis, positioning the asset to deliver stable income today with a clear path for incremental NOI growth in the coming year.