The Shelby is a 430-unit apartment community composed of one-bedroom, two-bedroom, and three-bedroom apartment homes in Southaven, Mississippi. Southaven, being one of the fastest-growing markets in the country, has experienced a robust rental basis that stems from the city’s proximity to Memphis. Tenants have easy access to the area’s various Fortune 500 companies that have chosen to call the Memphis MSA as home. The Property presents the opportunity for the Sponsor to grow rents through a proven value-add program, as the preexisting unit renovation program has demonstrated the upside for boosting revenues.

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