{ "markdown": "NASDAQ:SUNS | INVESTOR PRESENTATION\n\n\nMARKET OPPORTUNITY\n\n\n# Demographic Shifts Favor the Southern U.S.\n\nCOVID had a material impact on U.S. migration patterns, with the Southern U.S. benefiting from increased population and\nemployment growth, which in select key Southern cities is outpacing the rest of the U.S.\n\n\n
\n\nA combined infographic featuring a map of the United States and a comparative data table. The map highlights a selection of states in the Southern and Western regions in light blue, with white star markers indicating specific states. Below the map, a table compares growth metrics between 'Primary Target States' (highlighted in blue) and the 'Rest of U.S.' for the period Q4-19 to Q2-26. A concluding text box at the bottom summarizes the trend.
Total Growth Q4-19 to Q2-26Primary Target States\u00b3Rest of U.S.
Total Population9.2%1.8%
Total Employment10.8%3.0%
Office Employment13.0%0.4%
Industrial Employment9.8%0.9%
Strong Population & Employment Growth\u00b9 Migration trends are driving both population and employment growth in the Southern U.S.
\n\n
\n\nThis is a line chart titled 'Select Southern Cities Outpacing on Employment Growth'. The x-axis represents time, spanning from June 2021 to December 2025. The y-axis represents employment growth percentage, ranging from 0% to 12%+. The chart displays multiple colored lines representing different cities (Atlanta, Charlotte, Dallas, Houston, Las Vegas, Miami, Nashville, Phoenix, Raleigh, Tampa) and a dashed black line representing the 'Rest of U.S.'. All city lines show a positive trend in employment growth over the period, generally outpacing the 'Rest of U.S.' benchmark. A text box below the chart summarizes the finding: 'With employment growth accelerating in key cities in SUNS\u2019 target states since June 2021'.
CategoryDetails
TitleSelect Southern Cities Outpacing on Employment Growth
X-AxisTime (June 2021, December 2022, June 2024, December 2025)
Y-AxisEmployment Growth (0%, 4%, 8%, 12%)
SeriesAtlanta (Dark Green), Charlotte (Dark Blue), Dallas (Light Grey), Houston (Light Blue), Las Vegas (Teal), Miami (Dark Red/Brown), Nashville (Dark Blue), Phoenix (Tan), Raleigh (Medium Green), Tampa (Bright Blue), Rest of U.S. (Dashed Black Line)
Footer NoteWith employment growth accelerating in key cities in SUNS\u2019 target states since June 2021
\n\nSUNRISE [SUNRISE ICON]\nREALTY TRUST\n\n\n1. Total growth from 12/31/2019 to 3/31/2026, CoStar Market Data. U.S. Census Bureau Data.\n2. Data released on 1/28/2026; Federal Reserve Bank of St. Louis.\n3. Primary target states include FL, TX, GA, TN, NC, SC, AZ, and NV; Other states that SUNS will consider, but not limited to, for investment include AL, AR, DE, KY, LA, MD, MS, NM, OK, UT, VA, WV, and D.C.\n\n\n8\n\n", "structure": { "type": "document", "markdown": null, "children": [ { "type": "page", "page": null, "span": null, "width": null, "height": null, "dpi": null, "grounding": { "page": 1, "range": { "start": 0, "end": 3264 }, "box": { "xmin": 0.0, "ymin": 0.0, "xmax": 1.0, "ymax": 1.0 } }, "markdown": null, "status": "ok", "reason": null, "children": [ { "type": "text", "id": "text-0", "span": null, "grounding": { "page": 1, "range": { "start": 0, "end": 36 }, "box": { "xmin": 0.02930196, "ymin": 0.03270938, "xmax": 0.34704894, "ymax": 0.05994672 } }, "atomic_grounding": [ { "page": 1, "range": { "start": 0, "end": 36 }, "box": { "xmin": 0.03300737, "ymin": 0.03850439, "xmax": 0.34431185, "ymax": 0.05561924 } } ], "markdown": null, "children": null, "row": null, "col": null, 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