Last week we announced that we have a *NEW ASSET UNDER CONTRACT* in Tucson, Arizona.

This is an off-market community with partial out-of-state ownership. This will be our 5th property in Arizona—one is less than 10 minutes away from the Subject, while the other is just a block away! We are intimately familiar with this submarket.

If you know PCI, you know we're deeply experienced in value-add opportunities, and have already conducted our due diligence—there is tremendous upside potential here with 39% occupancy due to gross mismanagement.

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You won't want to miss an opportunity like this in this market!