Ongoing Evaluation of Exit Strategies

Last month, we received final city approval on the land disturbance permit and civil plans. We are now evaluating exit strategies, including a potential sale as paper lots. Haselton Phase 1 highlights the flexibility of Build-to-Rent, supporting our fund strategy.

Last month, we received final approval from the city on our land disturbance permit and civil plans.

We are currently exploring various exit strategies, including the potential sale of the property as paper lots.

The ability to pivot is one of the main reasons why 70% of our fund allocation is directed toward Build-to-Rent projects.

Haselton Phase 1 serves as a strong example of the multiple exit strategies available within the Build-to-Rent asset class.

haselton phase 1 december 2025 (2)

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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