Project Lighthouse

Jones Lang LaSalle Americas, Inc or "JLL", as exclusive advisor, is pleased to present Project Lighthouse (the "Portfolio"), a 616-home single family rental portfolio primarily concentrated in Texas. The Portfolio, with an average vintage of 2007, offers an exceptional opportunity to acquire immediate scale of high-quality homes. Featuring an average configuration of 3.5 bedrooms and 2.3 bathrooms, and an average home size of 1,759 SF, Project Lighthouse boasts well-maintained properties with pristine finishes. Currently at 93.7% occupancy with an average in-place rent of $2,129 ($1.21 PSF), the Portfolio demonstrates strong performance and stabilized cash flow. Situated in premier, fast-growing markets, Project Lighthouse presents investors with a rare chance to acquire assets at a significant discount compared to one-off retail sales of comparable homes. Furthermore, the Portfolio offers a compelling mark-to-market opportunity with room to push rents, enhancing its attractiveness as an investment vehicle in the thriving Texas real estate market. Project Lighthouse is spread across 8 different major markets, with the largest concentrations falling in Dallas (45%), Houston (24%), Fort Worth (15%), and San Antonio (11%). With Texas continuing to lead the nation in population growth, Project Lighthouse is primed to benefit from the strong fundamentals across the state of Texas.