[Exciting Update] Positive Performance and Growth at Atlas at Bay Point Apartments!

We are thrilled to share some fantastic news and updates regarding our current investment opportunity at Atlas at Bay Point, located in the vibrant St. Petersburg Tampa MSA. As we proceed through the acquisition process, we have received some remarkable performance data that we believe you will find very encouraging.

Performance Highlights:

Our underwriting for Atlas at Bay Point was initially based on the rent roll from March 12. Recently, we received an updated rent roll dated May 15, and the results have exceeded our expectations. Here are the key points noted by our Director of Acquisition, Paul Hopkins:

• Organic Rent Growth: The average rent per unit increased from $1,376 to $1,386 over a span of just two months.
• Percentage Increase: This represents a 0.75% increase in average rent per unit over the two-month period.
• Annualized Projection: Extrapolating this growth rate, we are looking at a projected annual increase of 4.28%.
• Pro Forma vs. Actual Growth: Our pro forma rent growth for the first year was projected at just 1.5%. The actual rent growth we're witnessing is significantly higher, demonstrating the exceptional potential and performance of this property.

Leasing Activity:

• New Leases and Renewals: Over the past two months, 35 leases were signed, which included 12 new tenants and 23 lease renewals.
• Rent Increase for New Tenants: The 12 new tenants saw an average rent increase of $31 per month.

Operating Income Growth:

• Total Operating Income in February: $205,415
• Total Operating Income in May: $212,934
• Percentage Increase: There has been a 3.7% increase in total operating income from February to May, taking into account rent, vacancy, fees, pet rent, internet, valet trash, and other income streams.

This organic rent growth, surpassing our pro forma projections, underscores the strong performance and potential of the Atlas at Bay Point property. It not only highlights the robust demand in the St. Petersburg Tampa MSA but also validates our investment strategy and diligent underwriting process.

 Join Us Before It's Too Late: We still have a few spots remaining for investors, but they are filling up fast. This is a unique opportunity to be part of a high-performing investment in a thriving market. Don’t miss out on the chance to secure your place in this lucrative deal. Act now to ensure you don't miss this exceptional opportunity to grow your investment portfolio.

We are confident that this positive trend will continue, enhancing the value of your investment and contributing to the overall success of our portfolio. We remain committed to keeping you informed and engaged as we move forward with the acquisition and management of Atlas at Bay Point.

Current Investors of Atlas at Bay Point: You have already seen the potential of this property, and we are excited to see it performing even better than anticipated. We will continue to provide updates and detailed reports as we progress.

Prospective Investors in Our Database: This is an excellent opportunity to be part of a high-performing investment in a thriving market. We invite you to join us in this exceptional investment opportunity while spots are still available. Don’t miss out on the chance to secure your place in this lucrative deal.

Thank you for your continued trust and support. Should you have any questions or require further information, please do not hesitate to reach out to us.

Warm regards, 

The CPI Capital Team

This email summary is for informational purposes and to gauge potential investor interest. This email summary is not intended to be a general solicitation or a securities offering of any kind. Prior to making any decision to contribute capital, all investors must review and execute all private offering documents, including the Private Placement Memorandum & Sub. The information contained herein is from sources believed to be reliable, however no representation by Sponsors, either expressed or implied, is made as to the accuracy of any information on this property and all investors should conduct their own research to determine the accuracy of any statements made.