On average, we see rates eventually drop to around 37% lower than where they started at the 1st cut by the end of the rate cut cycle.

Market Cycle and Seasonality7.

They look to have some success with taking deals full-cycle and currently have a sun belt multi-property offering that I'm researching.

Valdosta, like most markets, has seen an uptick in inventory since the beginning of the rate hiking cycle from the FED.

Some places do this annually, some places do a portion of the town every year giving them a total cycle of about every 4 years, and in my area it’s common to do a whole town reevaluation every 4-5 years.

When you say 40% annualized is that per year or over the entire life cycle.  

I would certainly try to rent it, even at a discounted rate, until the next school cycle. 

This phased approach ensures that investors see returns while aligning with the organization’s mission.Leveraging Time for Impact:Much like how institutionalized farmland uses time and scale to drive efficiencies and reduce costs, this model leverages a long-term horizon to create a self-sustaining cycle.

Instead it looks like a sales pitch that is targeted to unsophisticated investors who are new to the space.If that's actually the situation here than these deals generally have multiple things I can't stomach and is an immediate red flag for me.2) AAA Storage growth: At one point I was interested in this sponsor because of the claimed full real estate cycle track record with little to no money lost.

There are deals in every market if you know how to look for them and there are strategies that work in every stage of the cycle.