Investor Presentaiton

Differentiated Portfolio and Platform We are strategically positioned around three pillars that enhance growth and the resident experience Location Track Record of Sector-Leading Growth and High-Quality Resident Experience Scale Eyes in Markets 95% of portfolio in Western U.S., Sunbelt, and Florida • In-fill neighborhoods High barriers to homeownership Outsized LT growth drivers We believe infill locations create insulation from new supply Over 5,000 homes per market on average • Over 98% of revenue from markets with >1,800 homes • Density drives service efficiency and revenue management intel • 20 in-house investment professionals in markets • ~800 operations personnel • across 33 local home pods Proactive "ProCare" service visits by in-house techs • Local, in-house control of the resident experience invitation homes

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