9 Additional Properties Under Contract

Last quarter, we secured a credit line and prepared debt/equity raises. This quarter, we launched our seed portfolio: 5 properties closed and 9 under contract, with closings starting this week through September.

Last quarter, we focused on securing a line of credit, preparing to enter the market for debt and equity, and raising additional capital to acquire more properties.

This quarter, we successfully launched our seed portfolio, acquiring five new properties with nine more currently under contract.

Closings on these nine properties are scheduled to begin this week and will continue through the end of September.

In total, we are preparing to go to market to raise $75M+ while simultaneously recapitalizing our seed portfolio to support continued growth.

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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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