The Portfolio offers a rare opportunity to make a large, strategic purchase in the Midcoast area of Maine by acquiring 6 residential communities. With a total unit count of 407, the Portfolio represents a combination of high quality real estate assets including condo-style townhouses, garden-style apartments, single-family homes, and military-designed efficiency units, plus 53 acres of additional land. The low cost basis, combined with interior and exterior renovation potential, provides the opportunity to realize outsized returns by increasing rents to meet the high market demand, as evidenced by historically high occupancies and a waiting list of future tenants. Presidium, and our local partner Helios, are acquiring the Portfolio at a 7.2% going-in cap rate.