Received Site Development Permit

In March, we submitted site plans for permitting; last week, we received the site development permit. Once we select the general contractor, landscaper, and signage architect, we’ll break ground and begin horizontal development.

After submitting site plans to the city in March for permitting approval, we received a site development permit last week.

Once we select the general contractor, landscaper, and signage architect, we will be ready to break ground and begin the horizontal development.

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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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