ADAMAS TRUST, INC. 10-K

Item 2. PROPERTIES The Company has residential homes (or real estate owned) that it acquires, from time to time, through or in lieu of foreclosures on mortgage loans, single-family rental homes and consolidated multi-family apartment communities. The following table provides summary information regarding our consolidated multi-family apartment communities as of December 31, 2021. Market Property Count Occupancy % Units Rent per Unit (1) LTV (2) Beaufort, SC 1 95.2 % 248 $ 1,189 82.9 % Birmingham, AL 2 97.1 % 693 1,276 75.2 % Brandon, FL 1 94.7 % 285 1,146 88.3 % Collierville, TN 1 95.4 % 324 1,347 79.2 % Columbia, SC 1 92.0 % 276 916 83.9 % Dallas, TX 2 95.0 % 401 1,681 84.3 % Fort Myers, FL 1 86.4 % 338 1,178 89.7 % Fort Worth, TX 1 96.1 % 256 966 80.2 % Gainesville, FL (3) 1 91.4 % 1,115 500 96.6 % Houston, TX 2 94.9 % 432 1,263 84.3 % Little Rock, AR 1 96.0 % 202 1,149 85.3 % Louisville, KY 1 98.3 % 300 1,247 83.6 % Orlando, FL 1 95.5 % 220 1,243 82.9 % Pearland, TX 2 95.3 % 234 1,399 67.2 % San Antonio, TX 2 91.2 % 684 1,151 79.7 % St. Petersburg, FL 1 97.2 % 326 2,062 74.7 % Tampa, FL 1 93.0 % 400 1,151 86.1 % Total Count/Average 22 93.9 % 6,734 $ 1,156 81.7 % (1) Represents average monthly rent per unit. (2) Represents loan-to-value ("LTV") of the underlying properties. (3) Units in this market include student housing beds. Additional information on our single-family rental homes and consolidated multi-family apartment communities is contained in “Schedule III - Real Estate and Accumulated Depreciation” in this Annual Report on Form 10-K, which is incorporated herein by reference. As of December 31, 2021, our principal executive and administrative offices are located in leased space at 90 Park Avenue, Floor 23, New York, New York 10016. We also maintain offices in Charlotte, North Carolina and Woodland Hills, California.