Investment Highlights

• Best-in-Class Townhome Community 

  Prosper 83 delivers a highly differentiated rental housing experience, offering the privacy, functionality, and convenience of homeownership within a professionally managed community. The property features spacious three- and four-bedroom townhomes averaging 1,730 square feet, with attached two-car garages, premium interior finishes, and a low-density site plan designed for long-term resident satisfaction. Combined with gated access and thoughtfully designed residences, Prosper 83 provides a true single-family alternative that stands apart from traditional apartment product

• Structural Undersupply of Professional Managed SFR Housing 

  The Reno-Sparks market continues to experience strong demand for professionally managed Single-Family Rental and Build-to-Rent housing, while comparable inventory remains limited. Elevated home prices, affordability challenges, and changing renter preferences have increased demand for larger floorplans and ownership-style living environments. As one of the region’s limited institutional-quality townhome communities, Prosper 83 is well-positioned to benefit from favorable long-term supply and demand dynamics

• Rapidly Expanding Suburban Corridor 

  Prosper 83 is located within the rapidly expanding Kiley Ranch growth corridor, one of Northern Nevada’s most active areas for residential and commercial development. Significant planned investment, including the future Kiley Ranch Marketplace and Renown Sparks Medical Campus, will bring new retail, dining, healthcare, and service offerings to the surrounding trade area. These projects are expected to further enhance the area’s desirability while supporting continued population and economic growth

• Nation-Leading Multifamily Fundamentals Drive Upside  

  East Sparks has emerged as one of the strongest-performing multifamily submarkets in Northern Nevada, supported by rising rents, exceptionally low vacancy, and sustained renter demand. Strong market fundamentals reflect the area’s growing population, expanding employment base, and limited availability of new housing supply. As future development activity slows, existing assets such as Prosper 83 are positioned to benefit from favorable long-term operating conditions

• Outsized Job Creation Drives Rental Housing Demand 

  Reno-Sparks has transformed into one of the fastest-growing employment centers in the Western United States, attracting substantial corporate investment across advanced manufacturing, logistics, technology, healthcare, and professional services. Continued job creation has fueled household formation, population growth, and housing demand throughout the region. This increasingly diverse and resilient economy serves as a powerful foundation for long-term apartment and Build-to-Rent fundamentals.

• Strategic Access to Northern Nevada’s Leading Employment Centers

  Prosper 83 provides convenient access to Northern Nevada’s largest employment hubs, including the Tahoe-Reno Industrial Center, Downtown Reno, the University of Nevada, Reno, and the region’s major healthcare and logistics corridors. Residents benefit from proximity to a diverse employment base anchored by nationally recognized employers such as Tesla, Google, Amazon, Apple, Switch, and Renown Health. This exceptional connectivity supports a deep pool of prospective renters and reinforces the property’s long-term demand profile

• High Mortgage Rates And Limited Resales Bolster Build-to-Rent Demand 

  Elevated mortgage rates and a shortage of available homes for sale continue to create meaningful barriers to homeownership throughout Northern Nevada. As a result, many households are increasingly turning to high-quality rental housing that offers the space and lifestyle benefits of single-family living without the financial commitment of purchasing a home. Prosper 83 is ideally positioned to capture this demand through its ownership-caliber townhome product and family-oriented design

• Affluent demographics in a high-growth submarket

  Prosper 83 is located within an affluent and rapidly growing residential corridor characterized by strong household incomes, high home values, and a predominantly professional workforce. The surrounding trade area continues to experience robust population growth and rising incomes, supporting sustained housing demand. Combined with excellent schools and a family-oriented environment, these demographic characteristics provide a strong foundation for long-term resident retention and rent growth