Last quarter, our in-house development manager identified a way to reduce development costs, allowing us to revise engineering plans and resubmit the land disturbance permit for approval.
We are at the final stages of receiving approval, once complete we will work to finalize our exit strategy for Phases 1 and 2.
One thing that makes our fund unique is that, as both the fund manager and developer, we control every stage of a project—from acquisition and development to the eventual lease-up or sale.
This control allows us to adapt at any point during the development process to maximize returns for the fund.
