Targeted Market

California – Detached Single-Family Homes

• • Total California housing units: ~14.8 million
  • Estimated detached single-family homes: ~8.35 million
    • Southern California: ~3.4 million
    • Northern California: ~3.0 million

Acquisition Targets:

• • Northern California:
    • Ongoing: 10 properties/month
    • 2026: 20 properties/month
  • Southern California:
    • Ongoing: 10 properties/month
    • 2026: 20 properties/month