Elandis is pleased to announce the successful sale of The Forest, a 192-unit multifamily apartment community located in Houston, Texas.

This transaction represents a significant milestone in our portfolio strategy and underscores the strength of our value-add execution. Following a targeted capital improvement program and operational enhancements, the asset outperformed underwriting expectations.

We are proud to report that the investment in The Forest delivered a very attractive cash-on-cash return and mid-teen overall returns to our investors—further validating our disciplined, hands-on asset and property management approach.

The sale reflects our continued commitment to strategic portfolio optimization and long-term value creation across our U.S. multifamily platform.

We thank all teams and partners involved in the successful repositioning and disposition of The Forest and look forward to sharing updates on future opportunities.