Working Through Permitting Approval

Last month, we began working on engineering plans in preparation for submitting the project for permitting approval. Once the permitting process is finalized, we will proceed with breaking ground and begin horizontal development of the site.

Last month, we began working on the engineering plans in preparation for submitting for permitting approval.

Once the permitting process is finalized, we will proceed with breaking ground and beginning horizontal development.

As we begin construction, this project will start generating development fees for our fund.

As the developer and manager of the fund, we have decided to share these fees with investors through quarterly distributions.

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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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