"A well-occupied, grocery-anchored shopping center in a suburb of Nashville that is expected to see new housing growth. The Nashville MSA has seen incredible growth during the last 10 years and continued high growth rates are forecast."

- Jon Rolwing, Broder & Sachse

Top Questions

All answers are provided by the sponsor, Broder & Sachse, or its representatives.

Why are you buying the Property?

Jon Rolwing, Broder & Sachse: "This opportunity presents an attractive basis in a market that is expected to see long term growth, thus mitigating the risk of extended vacancies in the shop space. The grocer is an established performer whose bet to enter this market 8 years ago is paying off. Infrastructure improvements (roads and utility service extensions) have enabled growth."

"Fairview has provided comfortable suburban and rural living options outside the more dense urban areas to the northeast. Fairview is the center of a very large trade area with few quality grocery options."

What are the most important aspects of this investment opportunity for the investors?

Jon Rolwing, Broder & Sachse: "The property was priced with a higher vacancy due to its history but based on recent leasing activity, is likely to outperform. The tenancy at the center survived the pandemic and all tenants are current on rent. A few have even expanded into more space, helping reduce vacancy."

What is your investment strategy/business plan?

Jon Rolwing, Broder & Sachse:

• "Locking in long-term financing at favorable terms will be a key aspect of stabilizing the cash flow."
• "Accommodating growing tenants will reduce vacancy even further."
• "Offering a competitive lease structure to prospective tenants and providing responsive management services will also ensure that the property remains an attractive option to businesses seeking to serve this growing area."

How has COVID-19 impacted your business plan?

Jon Rolwing, Broder & Sachse: "The pandemic has impacted retailers in different ways. The Sponsor's investment thesis about Neighborhood Grocery-Anchored Centers has been validated during the pandemic. Neighborhood shopping centers provide essential services which proved successful as exhibited by the survival, even thriving of the tenancy at Bowie Commons."

How are risks being mitigated during the hold period?

Jon Rolwing, Broder & Sachse: "Turnover and vacancy in the small shops that is higher than expected could limit the upside of the center. Effective management and understanding the competitive marketplace will be key to keeping Bowie Commons an attractive place to lease a store."

"Long-term risk involves another grocer entering the market, diluting potential grocery sales; however, the Sponsor's assessment is that the large trade area is adequately served by Publix and Walmart for the foreseeable future and Publix has proven that its customers remain loyal."

NOTE: All answers provided by the sponsor, Broder & Sachse, or its representatives.