| CREOP

Krizview MHC is a 32 space manufactured housing community, with 15 tenant-owned homes and 17 park-owned multi-section homes; all of which are included in the sale. The POH inventory is in excellent condition and many of the homes currently rent below market rates. The park operates on a private well and municipal sewer, and these utilities, including trash service, are currently included in the tenant's rent.

Fairview Retail consists of a multi-tenant strip center and a free standing single-tenant building, totaling approximately 10,000 s/f of prime frontage on W Fairview Ave. The multi-tenant strip in currently demised into three units and provides roughly 7,995 total s/f. The retail strip benefits from two unique ingress and egress points on W Fairview Ave and both buildings provide prominent pylon signage for the nearly 30,000 VPD that pass the site.

Krizview MHC and Fairview Retail offer investors the secure and passive income of a static Lamar Sign lease. The sign may be upgraded to a digital panel to increase the annual rent. Fairview Retail includes 5,000 s/f of fenced bare land, which could be used to create additional parking, storage, or addition to the retail building itself. The SW corner of Krizview MHC further includes about 22,000 s/f of undeveloped land that will allow for the creation of four additional home spaces to the park.

The property is zoned MX-3, allowing for numerous conversion and development opportunities. Krizview MHC and Fairview Retail currently sit within one city parcel. The multi-tenant portion, the single-tenant building, and the housing community could be separately parceled, creating three unique real estate assets. Further opportunities included direct metering to the retail and homes for utilities to recapture these expenses currently included in all tenants rent.

Vacancy rates in the area surrounding downtown Boise are the lowest in Idaho and the availability of affordable housing within the sub-market is extremely limited. The central Boise location of Krizview MHC and Fairview Retail, coupled with the sub-market demand for the products, provides investors with significant near-term growth potential matched with long-term security through the life of the asset.

The Boise Market has experienced explosive growth in the last ten years. For many of those years, Boise represented the #1 fastest growing MSA in the country. Since 2020, Idaho has been the #1 fastest growing state and Boise is consistently ranked as one of the top cities to live and work anywhere. The demand for affordable housing is now amongst its highest levels ever; Krizview MHC and Fairview Retail offer investors the opportunity to capitalize on both the Boise multi-family market and its tremendous retail growth.