Fire Tower Portfolio

Irreplaceable Zoning — Commercial STR Rights

The Portfolio sits within the only City-designated Short-Term Rental Overlay Zone in downtown Charleston (approx. 10% of downtown land area) and the Accommodations Overlay Zone, together permitting commercial STR operations at scale without owner-occupancy requirements — entitlements that are nearly impossible to replicate.

Trophy Location on Upper King Street

Positioned at the high-visibility corner of King Street and Cannon Street, the Portfolio benefits from exceptional foot traffic, proximity to Charleston’s finest dining, nightlife, and retail, and walkability to major demand generators including CofC, MUSC, and a vibrant tourism corridor attracting nearly 7.9 million annual visitors.

Stabilized, Diversified Income Stream

The Portfolio generates income from two complementary sources: professionally managed commercial short-term rentals and four street-level retail tenants, providing stable base income and diversified rent growth.

Newly Constructed and Recently Renovated Asset

The 21-unit building at 9 ½ Cannon Street was constructed in 2024 and features a sleek, modern design with in-unit laundry, fully stocked kitchens, high-speed Wi-Fi, and access to shared courtyard, terrace, and rooftop with panoramic views. Additionally, 563 King Street and 9 & 11 Cannon Street were completely renovated and modernized in 2017, mitigating the portfolio’s near term exposure to capital expenditure risk.

Significant NOI Upside

With Charleston’s tourism industry growing year over year at an exceptionally fast rate, this portfolio’s short-term rentals are poised to benefit from consistent and strong annual increases in operating income. The Portfolio’s pro forma NOI is projected to reach over $3M by Year 10, representing a near doubling of NOI and revealing exceptional value add potential for investors.561 King St 2,178 SF Jordan’s Market on King

563 King St 3,740 SF The Honey Hive

9 Cannon St 800 SF Queen Anne Spirits & Wine

11 Cannon St 660 SF Babas on Cannon

TOTAL RETAIL 7,378 SF 4 Tenants

Address Size SF STR Units

563 King St ±5,300 SF 6

13 - 15 Cannon St ±3,300 SF 4

9 ½ Cannon St ±17,700 SF 21

TOTAL STR ±26,300 SF 31 Units