Finalizing Building Design Plans

Following our acquisition of our Broughton Street project on May 23, 2025, demolition is nearly complete. Design plans for layouts and interiors are being finalized, with permit submission next. Once approved, renovations will begin to convert the site into a boutique hotel.

On May 23, 2025, we completed due diligence and acquired an existing building on Broughton Street in downtown Savannah for $3.26 million.

The demolition process is nearly complete, with the team finalizing a few remaining items before submitting their punch list.

Meanwhile, our design team is finalizing the architectural, floor, furniture, ceiling, kitchen, and bath plans.

Once all our design plans are complete, we will submit them for a building permit, which will allow us to proceed with the renovation phase.

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More Projects Update

We previously completed horizontal development on the 41-lot short phase within Phase 2, and the plat has been submitted and approved. In the remaining section of the property, water and electrical utilities are in place, with base and curb work next.
Nine units in Phase 1 are finished, with Certificates of Occupancy in hand and ready for lease-up. Five more units on Lots 58 through 62 are being brought to CO, and the building permit application for the next 18 lots has been submitted ahead of vertical construction.
Two more properties recently went live, one outside Clearwater, Florida and one lakefront in the Poconos, both five-bedroom, eight-bed homes with full amenity packages. Since acquiring 142 rentals in December 2024, the portfolio has grown to 153 units.
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