Georgetown, with a population of 50,000, is experiencing rapid growth and is a key corridor to Austin, situated just 30 miles to the north. Within one mile of our location, new developments of both single-family residences and multifamily properties are currently underway. Our property has been thoroughly de-risked through previous due diligence experience on a neighboring parcel. Our projected exit timeframe is in 2025, post-recession, and we have conservatively assumed a sale price based on the land value.