Began Funding Process

Last quarter, we closed a seed portfolio of short-term rentals and acquired 10 additional properties. Next, we will finalize the raise, secure an institutional partner, and continue acquisitions, applying lessons learned to deliver larger homes with premium amenities.

Last quarter, we successfully closed on a seed portfolio of short-term rentals, acquiring an additional 10 properties. We also began the process of raising $75 million in funding.

Next, we will finalize our market raise, secure an institutional or programmatic partner, and continue acquiring additional properties.

These properties form the foundation of our short-term rental portfolio. With each new acquisition, we apply the lessons learned from our existing rentals.

We will design future properties with even larger yards, higher bedroom counts, and premium amenities to create the best product in the portfolio to date.

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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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