Federal Housing Legislation Serves as a Catalyst for NexMetro’s Continued Expansion

We are pleased to share that the Road to Housing Act has passed both chambers of Congress and now
awaits the President’s signature. The final bill expressly excludes Build-to-Rent (BTR) communities from
restrictions on purchases by institutional investors, eliminating any uncertainty regarding the sector’s
treatment under the legislation. This outcome confirms what we have long known: that NexMetro’s
purpose-built, cottage-style BTR communities are an innovative housing solution that expands housing
choice without reducing for-sale inventory for American homebuyers.