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Haselton – Phase II

Haselton Phase II is a lot delivery project in Gainesville, Georgia, consisting of 136 lots within our Build-to-Rent allocation, which makes up 70% of the fund.

Community Development

Haselton Phase II is a lot delivery project in Gainesville, Georgia, consisting of 136 residential lots. Our business plan is to fully entitle the property, securing all necessary permits before selling the lots to a homebuilder for vertical development.

This project follows our lot delivery strategy, where we focus on entitlement rather than homebuilding. By handling the entitlement process in-house, we remove a significant challenge for builders and position the lots to be sold at a premium.

Located on Lake Lanier, the site benefits from strong regional housing demand and Gainesville’s continued population growth, making it an attractive opportunity for homebuilders.

Project Photos

Sale Underway for Entitled Lots – September 2024

Grading Completed with Entitlement Underway – April 2024

Clearing & Grading Underway – February 2023

Property Upon Acquisition – June 2021

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 10, 2025

Cost Savings & Permitting Progress

Last quarter, our in-house development manager identified cost-saving opportunities, allowing us to revise engineering plans and resubmit the land disturbance permit. We are nearing final approval and, once complete, will finalize exit strategy for Phases 1 and 2.

December 10, 2025

October 15, 2025

Development Costs Reduced

Last quarter, our development manager identified cost savings and updated engineering plans. We are evaluating exit options similar to Haselton Phase 1. This highlights our ability, as fund manager and developer, to control each stage of the project.

October 15, 2025

September 12, 2025

Revised Engineering Plans

Last month our primary focus was buyer selection and securing a Letter of Intent. This month we revised engineering plans, necessitating a permit resubmission for approval. Upon approval, we will resume buyer selection and finalize the LOI for the property.

September 12, 2025

August 18, 2025

Awaiting Letter of Intent

We secured final permitting approval last quarter, paving the way for disposition. This month we continued buyer selection and efforts to obtain a Letter of Intent. Upon receiving the LOI, we will proceed to finalize and execute the sale contract for Phase 2.

August 18, 2025

July 16, 2025

Working to Secure a Letter of Intent

In Q1 2025, we addressed final permitting comments. Last quarter the city approved our permit. We pivoted on last year's sales contract. We are now working to secure a Letter of Intent from a homebuilder. Once received, we will finalize the Phase 2 sale.

July 16, 2025

June 30, 2025

Awaiting Permitting Approval

April 2025, we received city comments on Phase 1A. May, we addressed the comments and pivoted on the LOI. June, we await final permitting approval while advancing the LOI. Next: upon permit issuance, select a buyer and proceed with lot sales for Haselton.

June 30, 2025

Pivoted on Letter of Intent

In May 2025, we received final city permitting approval and pivoted on the Letter of Intent. We are currently finalizing an LOI with a homebuilder. Once the buyer is selected and the LOI executed, we will proceed to complete the sale of these lots.

June 30, 2025

May 14, 2025

Received Permitting Approval

In Q1 2025, we responded to final city permitting comments. In May 2025, we received full approval. We are currently working to secure a Letter of Intent from a homebuilder. Once the LOI is executed, we will proceed to finalize the sale of the property.

May 14, 2025

February 12, 2025

Addressed Comments on Permit

We received the Land Disturbance Permit and Civil Plan approval for Haselton Phase 3: The Cliffs at Lake Lanier. For Phase 2, we addressed comments and resubmitted the permit. Once all three phases are permitted, we will finalize the project sale.

February 12, 2025