We’re under contract on a 197-unit portfolio in the Tri-Cities region of Tennessee. 95% occupancy. ~$2M in CapEx already completed. Needs-based renter profile. 200+ bps positive leverage. It’s not flashy. It's not Austin. It’s not lease-up. But it’s predictable. We like visible risk, priced-in upside, and day-one cash flow. Target metrics:• ~12% CoC• ~18% IRR• 7.5% pref• 2.0+ multiple• 5-year hold Curious how others are viewing stabilized tertiary assets in this rate environment. We’re opening this to LPs— if you want to review the underwriting, DM me.