The Gabriel

Outperforming Rental Market Fundamentals: Submarket rate growth has averaged 6.7% per year since 2021—while occupancy has maintained 96.9%. Looking forward, Axiometrics projects average occupancy 0f 96.7% and rent growth of 4.8% per year through 2027, well above Santa Monica (1.5%), Hollywood (1.5%), Pasadena/Burbank/Glendale (2.6%), and LA County (3.0%). Undersupplied Rental Market: Given the infill nature of Pomona and the entire North San Gabriel Valley, the region's apartment stock is almost entirely comprised of 1980s product and older. In fact, The Gabriel is currently the only Class A, market-rate apartment community serving Pomona—a city home to nearly 150,000 people. 5 Miles from 8 Colleges: 8 colleges and universities with a combined enrollment of over 38,000 students and 5,800 faculty members are located within three miles of The Gabriel. Access to Jobs in Two Metros: The Gabriel’s location near the intersection of LA County and the Inland Empire, as well as its proximity to major east-west transportation arterials (Interstates 10 and 210), provide residents with convenient access to some of the most prominent and fastest growing employment corridors in both dynamic markets. EXCEPTIONAL TOD LOCATION: The Gabriel is a true transit-oriented asset located within a five-minute walk of the Pomona North Metrolink station which will soon be home to a brand-new Gold Line Metro stop currently under construction. STRONG PROPERTY-LEVEL DEMOGRAPHICS: The desirability of The Gabriel's product quality is attracting an exceptional tenant profile with an average household income level of $145,393, which translates to a rent-to-income level of 22%.

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OPPORTUNITY

Berkadia Institutional Solutions is pleased to present The Gabriel, a brand-new, 312-unit apartment community located in Pomona, California. Situated in LA's San Gabriel Valley bordering the Inland Empire and Orange County, the property is within two miles of Downtown Pomona and Claremont Village and just one block away from the Pomona Metrolink station, which will soon be home to the Metro Gold Line, connecting residents to Downtown LA and Pasadena. The Gabriel presents the opportunity to acquire a best-in-class, transit-oriented asset in one of the most supply-constrained submarkets in Southern California. Built in 2022, The Gabriel is Pomona’s premier market-rate, Class A apartment community. Prior to The Gabriel, rental options in Pomona and the rest of North San Gabriel Valley were very limited, comprised primarily of older, smaller, and significantly less amenitized rental communities. But what The Gabriel is delivering to this underserved submarket is an unparalleled execution of modern, Class A product that today’s lifestyle renters are craving. And with very little direct competition in the submarket, the property is expected to experience strong rent durability and robust rent growth as Pomona continues along its upward ascent.

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PROPERTY OVERVIEW

Year Built 2022 No. Apt Homes 312 Avg. Unit Size 883 SF Retail Space 1,200 SF Acreage/Density ±5.38 / 58 DU/AC Parking Spaces/Ratio 500 / 1.60:1

PROPERTY SUMMARY

AMENITIES

Luxury Interiors

Quartz countertops Stainless steel appliances packages Two-color unique palettes Full-height subway tile backsplashes LG convection oven Chrome fixtures Large undermount sinks in kitchens Wood-style plank flooring Through the Stratis Smart Home App

Adjust your Honeywell Smart Home Wi-Fi Thermostat remotely Video intercom system that allows residents to chat with guests and issue virtual keys to access the community using ButterflyMX

Tailor-made for today’s modern renter.

Curated Amenity Collection

Sun-splashed pool & spa Club room State-of-the-art fitness center Co-working spaces Entertainment lounge Fireside gathering Outdoor grills 2,800 SF of on-site retail 24-hour package lockers Building -wide Wi-Fi Covered bike storage Dog park & pet wash Community herb garden Rideshare lounge

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RACHEL PARSONS Senior Managing Director Rachel.Parsons@berkadia.com 858.945.0992 CA BRE #01335449 DERREK OSTRZYZEK Senior Managing Director Derrek.Ostrzyzek@berkadia.com 310.924.9348 CA BRE #01984295 MIKE MURPHY Senior Director Mike.Murphy@berkadia.com 714.318.3978 CA BRE #01241878

CHRIS TRESP Director Chris.Tresp@berkadia.com 323.916.3310 CA BRE #01846401 KENJI THOMAS Associate Director Kenji.Thomas@berkadia.com 310.895.3020 CA BRE #02168781

Irvine Office 3121 Michelson Drive, Suite 400 Irvine, CA 92612

2771 N. Garey Avenue, Pomona, CA 91767

© 2024 Berkadia Proprietary Holding LLC Berkadia® is a trademark of Berkadia Proprietary Holding LLC Investment sales / real estate brokerage business is conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. Commercial mortgage loan origination and servicing businesses are conducted exclusively by Berkadia Commercial Mortgage LLC and Berkadia Commercial Mortgage Inc. Tax credit syndication business is conducted exclusively by Berkadia Affordable Tax Credit Solutions. This website is not intended to solicit commercial mortgage company business in Nevada. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker Lic. #01931050, Berkadia Commercial Mortgage LLC under CA Finance Lender & Broker Lic. #988-0701, Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details for the above entities, visit www.berkadia.com/licensing.

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Year Built 2022 No. Apt Homes 312 Avg. Unit Size 883 SF