Awaiting Permitting Approval

Last quarter, we addressed several rounds of city comments on our land disturbance permit. Once approval is received, we will hold a pre-construction meeting to prepare for breaking ground. This project is one of several we have planned to break ground.

Last quarter, we addressed several rounds of comments from the city regarding our land disturbance permit.

Once we receive approval for the permit, we will organize a pre-construction meeting to prepare for breaking ground on this project.

This project is one of several that we will be breaking ground on in the coming months.

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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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