Quail Manor

• Quail Manor, built in 1988, is a 56 unit multifamily ranch style apartment community on 5.4 acres in the Southeast Reno, Nevada submarket
• The investment was made in April 2021 in partnership with a California-based operating partner
• The property was purchased as a value-add opportunity with an extensive capital improvement program
• Originally underwritten for 5 years of ownership, Quail Manor was opportunistically sold in November 2023, after just 2.6 years of ownership