Property Description Phase I

• Property Type Apartments
• Year Built 2004
• Units 160
• Number of Buildings 10
• County Indian River

Property Description Phase II

• Property Type Apartments
• Year Built 2007
• Units 80
• Number of Buildings 7
• County Indian River

Executive Summary

Greystone Real Estate Advisors is pleased to present the exclusive opportunity to acquire Sonrise Villas I & II, a 240- unit LIHTC project located in Fellsmere, Florida. Built in two phases, Sonrise Villas I was placed in service in 2004, with Sonrise Villas II constructed in 2007. The property is conveniently located on Sonrise Place, just three miles west of Interstate 95, facilitating an easy commute to employment, dining, shopping, entertainment, and education throughout the metro area. Fellsmere sits just off the Atlantic coastline between Orlando and Miami, approximately 15 miles north from the city of Vero Beach.