Oasis at Ballast Point post hurricane update

Dear OBP Investor,

Thank you for so many of you that reached out to inquire about OBP Post Helene & Milton. The latter was truly the storm of the century, and we needed a few days to get back in post-hurricane and for PM and contractor teams to assess the situation fully before sending an update.

The great news is we are fine post-hurricane with minimal damage and are back to normal operations!

Rent collections, move-ins (2 this week), leasing are business as usual. Rents were recently raised, so we are letting a little time pass to gain confidence it isn’t impacting leasing. We have had some leads that were displaced people, and we are in touch with housing and programs for any demand they may have.

We will send another formal LP/financial update soon.

Thank you.

Alain/Daniel, Jim/Rhina, Josh, Rhea/George, San