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Professor Massey, I appreciate your patience with my work schedule. Our development proposal involves acquiring and redeveloping Georgian Woods Apartments in Midtown Memphis. This presents an exciting opportunity to capitalize on Memphis's real estate market with a projected 45% return and 10.6 million net present value over five years. Midtown Memphis is experiencing a shift towards urban core areas, following the downtown submarket redevelopment in the late 90s and early 2000s. This project offers a unique chance to be a first mover in the multi-family space and deliver valuable product in a high barrier to entry infill location.