Steeple Chase

Hoschton, GA
| Community Development

Steeplechase is a residential development in Hoschton, Georgia, consisting of 63 estate-sized lots within our Build-to-Rent allocation, which makes up 70% of the fund.

Next Steps: Finalize Home Plans for 4 Retained Lots and Sell 2 Additional Lots
FUND LEVEL RETURNS
Realized Returns

EM:

Steeplechase is a residential development in Hoschton, Georgia, consisting of 63 estate-sized lots within our Build-to-Rent allocation, which makes up 70% of the fund.

Steeplechase is a lot delivery project in Hoschton, Georgia, consisting of ~128 acres entitled for 64 estate-sized residential lots (0.5–1 acre each) within a gated community featuring a barn-style clubhouse, pool, ponds, and walking trails.

Our business plan is to deliver fully developed lots in three phases, sold as finished canvases to homebuilders for custom built homes, while potentially retaining a small number of lots for our own development to enhance returns for our fund.

This project follows our core lot delivery strategy, where we manage entitlement, horizontal development, and amenity installation in-house—eliminating major hurdles for builders and delivering premium pricing. Located in Jackson County—one of the top 10 fastest-growing counties in the U.S.—Steeplechase benefits from strong regional demand

Project Photos

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Home Completed & Ready For Sale – October 2025
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Completed Home For Sale – October 2025
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Home Completed & Ready For Sale – October 2025
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Home Nearing Completion – October 2025
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Finished Home Ready For Sale – October 2025
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Multiple Homes Nearing Completion – August 2025
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Home Under Construction – October 2024
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Finished Home For Sale – October 2024
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Undeveloped Land Ready for Development – October 2024

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 23, 2025

Progressing with Retained Lots

Following the April 24, 2025 sale of Phase 3 at Steeplechase for $2.03M, we retained four lots to manage risk and enhance returns. Last quarter, we added two more lots. We are finalizing home designs and financing for four lots and preparing the 2 lots for sale.
December 23, 2025
October 9, 2025

Retained 4 Lots

After selling Phase 3 of Steeplechase for $2.03 million, we retained four lots to mitigate risk and enhance fund returns. Last quarter, we added two more lots. Next steps include finalizing home plans for the four retained lots and selling the two additional lots.
October 9, 2025
April 25, 2025

Phase 3 Sold for $2,030,000

On April 24, we closed the sale of Phase 3 of Steeple Chase for $2.03M, completing the disposition of the project. Originally planned as 18 lots, we retained 4 for vertical construction. Steeple Chase was acquired in 2021 and sold in three phases for $7.73M.
April 25, 2025
March 12, 2025

Closing March 28th for $2,610,000

A year ago, we announced an executed contract to sell Steeplechase for $8.3M, projected to deliver a IRR of ~40%. Interested in participating in the returns from Steeplechase’s final closing? You still have time, invest indirectly through the Fund.
March 12, 2025
February 12, 2025

10 Homes Completed

As many know, we sold Steeple Chase to a national homebuilder, with Phase 1 closing last March and Phase 2 in September. Development is moving quickly, with 10 homes completed and 6 under construction. Phase 3 is projected to close in March.
February 12, 2025
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