Haselton – Phase I - Arabella Capital

UPDATE

Haselton – Phase I

Gainesville, Georgia

| Community Development

Haselton Phase I is a lot delivery project in Gainesville, Georgia, consisting of 80 residential lots. This is part of our Build-to-Rent allocation, which makes up 70% of the fund.

Year 2

Next Steps: Finalize Exit Strategy

Fully Funded

100%

FUND LEVEL RETURNS

Projected Returns

You can achieve this IRR by investing in the Arabella Real Estate Fund.

IRR: 45.3%

EM: 1.65x

Haselton Phase I is a lot delivery project in Gainesville, Georgia, consisting of 80 residential lots. This is part of our Build-to-Rent allocation, which makes up 70% of the fund.

Haselton Phase I is a lot delivery project in Gainesville, Georgia, consisting of 80 permitted residential lots. Our business plan is to fully entitle the property, securing all necessary permits before selling the lots to a homebuilder for vertical development.

This project follows our lot delivery strategy, where we focus on entitlement rather than homebuilding. By handling the entitlement process in-house, we remove a significant challenge for builders and position the lots to be sold at a premium.

Located on Lake Lanier, the site benefits from strong regional housing demand and Gainesville’s continued population growth, making it an attractive opportunity for homebuilders.

Project Photos

Haselton 1 1 — Clearing Nearing Completion as Entitlement Process Continues (2024)

Hasleton 1 2 — Site Clearing in Progress as Entitlement Process Begins (2023)

Haselton Phase 1 3 — Aerial View of Undeveloped Property (2022)

Project Updates

At any given time, our portfolio includes projects in different phases—acquisition, development, stabilization, and exit. That’s by design. This staggered structure allows us to generate consistent cash flow while building long-term value, freeing us to sell, hold, or refinance based on what the market demands, not arbitrary dates.

Here’s where our projects stand today.

December 12, 2025

Ongoing Evaluation of Exit Strategies

Last month, we received final city approval on the land disturbance permit and civil plans. We are now evaluating exit strategies, including a potential sale as paper lots. Haselton Phase 1 highlights the flexibility of Build-to-Rent, supporting our fund strategy.

December 12, 2025

October 14, 2025

Evaluating Multiple Exit Strategies

Last quarter, we worked with the city on permitting, addressing multiple rounds of comments. While the process took longer than expected, it allowed us to reassess exit options, including a paper-lot sale, highlighting the flexibility of Build-to-Rent.

October 14, 2025

September 11, 2025

Received Phase 1A Permitting Approval

Last month, we addressed the city’s final comments on Phase 1A permitting and received full approval. With the permit now secured, we are engaging buyers and moving quickly toward executing a letter of intent and closing on the sale of the Haselton lots.

September 11, 2025

August 15, 2025

Awaiting Letter of Intent

Last quarter, we addressed final comments on the Phase 1 permit. This month, we advanced buyer selection and are now awaiting the LOI. Once both permit approval and LOI are secured, we will execute the contract and sell the Haselton lots.

August 15, 2025

July 16, 2025

Working to Secure a Letter of Intent

In Q1 2025, we addressed final city comments and received permitting approval for Phase 1B of Haselton. Last quarter, we responded to additional Phase 1A comments. Upon securing Phase 1A approval, we will finalize the LOI and proceed to closing.

July 16, 2025

June 30, 2025

Awaiting Permitting Approval

April 2025, we received city comments on Phase 1A. May, we addressed the comments and pivoted on the LOI. June, we await final permitting approval while advancing the LOI. Next: upon permit issuance, select a buyer and proceed with lot sales for Haselton.

June 30, 2025

May 14, 2025

Resubmitted Phase 1A for Permitting Approval

Q1 2025, we received final permitting for Phase 1B and resubmitted Phase 1A. April, we received city comments on Phase 1A LDP. May, we responded and resubmitted for approval. Next steps: secure an LOI and move toward closing on Haselton.

May 14, 2025

April 16, 2025

Submitted Phase 1A for Permitting Approval

In Q4 2024, we executed the purchase contract for all phases of Haselton Village and received permitting approval for Phase 1A. In Q1 2025, we secured full permitting for Phase 1B. Next steps: re-permit Phase 1A to current standards and move forward to closing.

April 16, 2025

February 12, 2025

Received Permitting Approval for Phase 1B

We’ve received the LDP and civil plan approval for Haselton Phase 1B. We’re currently working through the city’s comments on LDPs for Phases 2 and 3. Once permits for all three phases are secured, we’ll finalize the sale of the project.