Last quarter, we continued working with the city on Haselton Phase 1, addressing multiple rounds of comments to finalize permitting approval.
Although this process has taken longer than anticipated, it has allowed us to reevaluate our exit strategy for the project.
We are currently exploring various exit strategies, including the potential sale of the property as paper lots.
This flexibility is one of the primary reasons that 70% of our fund allocation is directed towards Build-to-Rent projects.
Haselton Phase 1 serves as a strong example of the multiple exit strategies available within the Build-to-Rent strategy.
