Ayva Irving (Marbletree)

GLHP is in the process of renovating the interior, exteriors, and common areas of The Ayva, and plans for renovation to be complete within 36 months of the purchase date. GLHP plans to convert all the Rockport floorplan’s 2 bedroom, 2 bathroom units into 3 bedroom, 2 bathroom units to increase revenues. After 3 years, the Effective Gross Revenue is expected to be increased from $5 million to approximately $6.1 million, and Net Operating Income will be increased from $2.5 million to approximately $3.0 million. To maximize operational efficiencies and cost savings, GLHP has engaged with United Apartment Group (“UAG”) and made them the day‐to‐day on‐site property manager of The Ayva.