The Property was built between 1988 and 1990. It sits along the western edge of Mud Island with unencumbered views of the Mississippi River and an abundance of pedestrian-friendly walkways and greenspace. One- and two-bedroom apartments averaging 918 square feet are spread across 28 buildings over 35 acres. Year one vacancy assumption of 11.5% is nearly 2x of economic vacancy during the past five quarters (first quarter of 2019 through first quarter of 2020); year two vacancy loss of 10% is 1.7x. Rent collections following the onset of the COVID-19 pandemic have remained high, with 98.5% of rent collected in April 2020 and 99.0% as of May 26th.