The Mortgage Loan is secured by the Borrowers’ fee simple and leasehold interests in the Portfolio. The Portfolio is comprised of 18 multifamily properties located throughout Florida, Massachusetts, and Utah. As of October 2021, the Portfolio exhibits an approximately $1,187 average in-place rent per unit, 19-year average vintage, and 98.7% in-place occupancy. The only leasehold asset is Savannah Cove, which is subject to a ground lease with the City of Tarpon Springs and represents 2.2% of appraised value. Select amenities across the Portfolio include clubhouses, in-unit laundry, fitness center, business center, outdoor patios, and resident parking stalls