Final Comments Addressed on Zoning

In Q1 2025, we submitted plans to the city for zoning approval. Last quarter, after receiving comments, we updated the plans and resubmitted them. Once zoning is approved, we will move forward by submitting our plans for permitting to begin development.

In Q1 2025, we submitted plans to the city for zoning approval.

Last quarter, after receiving comments from the city, we made adjustments to the plans and resubmitted them for approval.

Once approved, we will submit our plans to the city for permitting approval.

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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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