Permitting & Design Near Completion

Last quarter, we worked through multiple rounds of city comments on the land disturbance permit and finalized architectural plans. We are preparing the design package for submission. Once the permit is received, we will hold a pre-construction meeting.

Last quarter, we worked through multiple rounds of city comments related to the land disturbance permit and finalized our architectural plans.

Our team is currently preparing the full building design package, which will be submitted following permit approval. This will position us to move into vertical construction as sitework nears completion.

Upon receiving the land disturbance permit, we will schedule the pre-construction meeting and officially break ground on the project.

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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