Heritage Village

Huntsville, Alabama
| Community Development

Heritage Village is a lot delivery project in Huntsville, Alabama, consisting of 114 lots within our Build-to-Rent allocation, which makes up 70% of the fund.

Next Steps: Select Buyer for Phase 1 and Schedule Development of Phase 2
Fully Funded
100%
FUND LEVEL RETURNS
Projected Returns

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

IRR: 35%
EM: 2.39x

Heritage Village is a lot delivery project in Huntsville, Alabama, consisting of 114 lots within our Build-to-Rent allocation, which makes up 70% of the fund.

Heritage Village is a ±50-acre property located on Sanderson Road in Huntsville, Alabama. The business plan for this project is to horizontally develop the raw land into 114 finished residential lots and sell them directly to a national homebuilder.

The property benefits from Huntsville’s rapid population and job growth, making it an attractive location for builders seeking to deliver new housing to a growing market.

By taking projects through grading, infrastructure, and utilities, we solve a key problem for builders and capture value by selling build-ready lots at premium prices.

Project Photos

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Roads Paved Within Phase 1 as Development Nears Completion (2025)
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Installation of Utilities Within Phase 1 (2024)
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Site Grading in Preparation for Installation of Utilities (2023)

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 29, 2025

Buyer Conducting Due Diligence

Last month, we went under contract to sell 63 lots in Heritage Phase 1 for $5,537,700. The buyer is currently completing due diligence, after which we expect to close the sale. Once Phase 1 is finalized, we will move forward with development of Phase 2.
December 29, 2025
October 21, 2025

Buyer Negotiations Underway

Last quarter, we addressed city feedback on our plat submission, resubmitted it for approval, and began selecting a buyer. This month, we continued negotiations. After selling Phase 1, we will move forward with Phase 2 development.
October 21, 2025
September 16, 2025

Awaiting Final Plat Approval

Last month, we submitted the plat for approval and began the process of selecting a buyer. We are awaiting city feedback while continuing buyer discussions. Once a buyer is selected and the Phase 1 sale is finalized, we will begin development on Phase 2.
September 16, 2025
August 19, 2025

Submitted for Plat Approval

Last quarter, we completed the final base layer, paved roads, and finished landscaping. This month, we submitted the plat for approval and continued efforts to secure a buyer. Once the Phase 1 sale is finalized, development on Phase 2 will begin.
August 19, 2025
July 16, 2025

Finalizing Submission for Plat Approval

In Q1 2025, we completed installation of all utilities, curbs, and gutters. Last quarter, we installed the final base layer, paved roads, and completed landscaping and property dress-ups. We are now finalizing the plat submission and working toward securing an LOI.
July 16, 2025
June 30, 2025

Paved Roads & Submitted for Plat Approval

In April 2025, we installed gutters and laid the initial base layer. In May, curbs were backfilled and the final base layer completed. In June, roads were paved, property dress-ups finalized, and the plat submitted. Next steps are to receive approval and pursue an LOI.
June 30, 2025
May 14, 2025

Curbs Backfilled & Final Base Layer Laid

Heritage Village is a two-phase project within a single master-planned community. We are currently finalizing horizontal development for Phase 1. Once development is complete and the lots are sold, we will begin work on Phase 2.
May 14, 2025
April 16, 2025

Installation of Curbs & Gutters Complete

Last month, we completed utility installation, and last week we finished installing the curbs and gutters. Once curb backfilling and the final base layer are complete, we will begin paving the roads and continue progressing toward completion.
April 16, 2025
March 12, 2025

Progressing Through Curb Installation

In January, electrical utilities were installed, followed by water line installation in February. In March, curbs are being installed, and pending favorable weather conditions, road paving will follow as the next step in advancing horizontal development.
March 12, 2025
February 12, 2025

Installed Sewer & Storm Utilities

Last week, we installed underground electrical utilities and are now working on water line installation. Once complete, we will begin curbs and gutters. This project is adjacent to Creekside Commons (54 lots), where horizontal development was completed last week.
February 12, 2025
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