This is a REIT (real estate investment trust) focused on investing in, developing, redeveloping and managing a portfolio of primarily affordable and workforce multifamily housing in Opportunity Zones, as designated by the Tax Cuts and Jobs Act of 2017, within dynamic, U.S. metropolitan areas. We believe we will be the first publicly traded REIT to pursue a strategy focused on affordable and workforce multifamily housing in Opportunity Zones.

We are externally managed and advised by Aspire REIT Manager, LLC, a newly formed entity controlled by affiliates of Avanath Capital Management, LLC and MacFarlane Partners, LLC, two of the largest African American-owned real estate companies in the U.S.

(Note: “Opportunity Zone” means a population census tract that is a low-income community designated by the governor or other chief executive of the relevant state (including the District of Columbia) or territory as a “qualified opportunity zone” for U.S. federal income tax purposes and certified as such by the U.S. Department of the Treasury pursuant to the 2017 Tax Act.)