CALCAP ADVISORS COMPLETES 178 UNIT ACQUISITION IN LITTLE ROCK, ARKANSAS

Press Release, December 6, 2022

For Immediate Release:

CALCAP ADVISORS COMPLETES 178 UNIT ACQUISITION IN LITTLE ROCK, ARKANSAS

Pasadena, CA (December 6, 2022) – CALCAP Advisors is announcing that it has purchased The Wellington at Chenal, located at 15000 Chenal Pkwy, Little Rock, AR 72211. The acquisition closed on November 30, 2022.

Completed in 1997, the community features 178 units in nine three-story buildings. The property consists of 2 one-bedroom/one bath units, 104 two-bedroom/two bath units, and 72 three-bedroom/2 bath units with an average unit size of 988 square feet. Common area amenities include a leasing office, fitness center, and clubhouse. The property also offers a swimming pool with a large sunning deck, as well as a playground, central mail kiosk, and abundant open space. The apartment interiors feature a full-size washer/dryers, modern kitchens, and patios/balconies.

U.S. News & World Report ranks Little Rock, AR as one of the best places to live and to retire in the United States. Little Rock has experienced historic year-over-year job growth, despite the pandemic. “The Wellington at Chenal property is a quality asset that provides a nice strategic fit to our multi-family portfolio”, stated Edward Aloe, Founder & CEO of CALCAP Advisors. “The property is located 1 mile from the Promenade at Chenal, the city’s most exclusive lifestyle center. We plan on making strategic capital improvements to enhance the overall appeal of the community. Our planned renovation includes exterior paint, parking lot resurfacing, new resort style pool furniture, as well as completing interior upgrades in specified units”.

CALCAP’s in-house property management company, CALCAP Properties, will manage the renovations and day to day operations at the property.

CALCAP Advisors is continuing to source multi-family acquisitions. The company currently owns and operates over 5,000 units across 8 states.

For more information, please contact Susan Rangel at 626.208.8236 or email investorrelations@calcap.com.

About CALCAP

California Capital Real Estate Advisors, Inc., and its affiliate entities (CALCAP Asset Management, CALCAP Properties, CALCAP Lending, CALCAP Senior Healthcare, and CALCAP Strategic Opportunities, collectively known as “CALCAP”), is a California-based investment company founded in 2008 and headquartered in Pasadena, California. The Company sponsors alternative real estate investment opportunities focused on demographically driven housing. CALCAP has been able to consistently provide both individual and institutional investors with outstanding returns over the last 14 years. The Company uses a highly selective and disciplined investment approach, focused on delivering superior risk-adjusted returns. CALCAP currently has over $600mm in Assets Under Management. To learn more visit www.calcap.com.

Social Mission

CALCAP CARES is a 501(c)(3) private foundation organized to encourage employees to find a way to give back to the neighborhoods where we invest. CALCAP has created “GiveTime4Autism” as its initial program which gives employees the opportunity to donate unused vacation and sick days for a very worthy cause.