Nareit’s REITworld 2023 Annual Conference
Creating Value Through the Full Market Cycle
TReb
Differentiated Portfolio Strategy
Unique market focus...captures benefits of high growth and demand
Submarket and property type/class diversification helps to lessen periodic supply-side pressures... drives
superior, long-term and full-cycle performance
Diversified renter price point... appeals to largest segment of the rental market... creates stability
Outlook & Update
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Portfolio strategy and market dynamics...support long-term rent growth prospects
New development, redevelopment and tech initiatives...expected to drive meaningful future value creation
External Growth Opportunities
29 years successful Sunbelt transactions + strong balance sheet...drive robust deal flow
In-house new development operation + JV "pre-purchase" development program...expands growth platform
Robust Redevelopment Program
Proven unit interior redevelopment program...enhances long-term earnings potential
Property repositioning program...expected to drive additional property-level rent growth
Technology Initiatives & Innovation
Smart home installations...expected to continue to enhance revenue in 2023 and into 2024
Tech advances in website lead generation & virtual leasing...expands prospect management effectiveness
Balance Sheet Strength
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Strong, investment-grade balance sheet... positions us well to pursue new growth opportunities
2023 rating upgrade reflects continued strength
Sustainability
Increasing focus on property efficiency measures...align with climate objectives
Long-established focus on driving energy/natural resources efficiency, strong governance and value in people
MAA 5
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