Vertical, Horizontal, and Zoning Progress

The residential portion of Arabella Village has hit several milestones: vertical construction finished on the first three buildings, horizontal development completed on the 34-lot short phase, and zoning secured for the townhome portion of the site.

Since September 2025, we have been executing the business plan for the residential portion of this project, also known as Emma at Arabella Village.

To date, we’ve reached several milestones:

  • Phase 1: Vertical construction completed on the first three buildings
  • Phase 2: Horizontal development completed across the 34-lot short phase
  • Phase 3: Zoning completed for the townhome portion of the property

Phase 1 will consist of leasing 66 townhome units once complete, while Phase 2 involves delivering finished lots to homebuilders, who will construct homes.

Together, these phases are a strong example of how we utilize build-to-rent and its various exit strategies to develop high-quality real estate assets that contribute to housing supply while creating opportunities for growth and income for our investors.

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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