Acquired for $2,558,500

Earlier this week, we closed on Baltimore Hill — 60.2 acres in Huntsville, AL — for $2,558,500. The 182-lot community will be sold to two national homebuilders. Projected fund-level returns: 86.10% IRR, 2.55x equity multiple, 18-month hold.

June 30, 2025
Adam Whitmire

We’re excited to share that earlier this week, we officially closed on our newest acquisition, Baltimore Hill – now part of the Arabella Real Estate Fund – 506 C.

Baltimore Hill consists of 60.2 acres in Huntsville, Alabama. Our development plan (see below) includes 182 residential lots, which will be sold to two nationally recognized homebuilders. The total purchase price for the land was $2,558,500.

Projected GP Fund-Level Returns:

IRR: 86.10%
Equity Multiple: 2.55x
Target Hold Period: 18 Months

More Projects Update

Water & Electrical Utilities Installed

Filip Bondas
May 29, 2026

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.

Received CO on 9 Units

Filip Bondas
May 28, 2026

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 New Luxury Rentals Live

Filip Bondas
May 27, 2026

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.