This offering represents a single-asset syndication for the development of a 31-unit multifamily property in Paterson, New Jersey, with construction targeted to commence in Q1 2025 and an expected 18-month build period. The project is located in a transit-accessible urban submarket undergoing revitalization, supporting sustained rental demand. The development plan includes a mix of unit sizes with contemporary finishes to compete with new-construction assets and achieve market-rate rents.