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The property consists of twenty-one 21 two-story and three-story multifamily apartment buildings and one 1 community building, totaling individual units. The existing amenity package of the property consists of a clubhouse, a laundry center, a private pool spoonsor sundeck, picnic area, an outdoor playground, and an on-site childcare facility. Emerald Pointe Terms of the transaction were not disclosed.

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The existing amenity package of the property consists of a clubhouse, a laundry center, a private pool with sundeck, picnic area, an outdoor playground, and an on-site childcare facility. Lexerd's core mission of preserving capital while generating appreciation and offering investors stable distributions begins with an approach that recognizes the distinctiveness of the multifamily real estate asset class and its unique features.

The property consists of twenty-one 21 two-story and three-story multifamily apartment buildings and one 1 community building, totaling individual units.

Birmingham is an important regional hub due to its early century iron and steel production as a primary industrial ssponsor of the Southern United States. Emerald Pointe will serve the community in a meaningful way and be a valuable addition to Lexerd's portfolio, helping us to serve our mission of achieving strong risk adjusted returns for our investors.

The approach is based on the integration of three key considerations a a proprietary Model for property acquisition, b focus on small to middle Market properties to avoid larger competitors and c efficient Management of acquired properties. It is also approximately two-miles from Hoover's Riverchase Galleria, the largest shopping mall in Alabama. Lexerd was founded in by Albert L.

Emerald Pointe is well-located with easy access to Hoover Public Library, various shopping and medical offices, neighborhood schools, and restaurants. Since the 3M model has served Lexerd's investors by generating excess returns and stable annual distributions.

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The area is also world headquarters for Regions Financial, the second largest employer in the Birmingham metropolitan region. Emerald Pointe Terms of the transaction were not disclosed.

The University of Alabama at Birmingham is responsible for over 23, jobs in the region.