Received Permitting Approval

In Q1 2025, we responded to final city permitting comments. In May 2025, we received full approval. We are currently working to secure a Letter of Intent from a homebuilder. Once the LOI is executed, we will proceed to finalize the sale of the property.

May 14, 2025
Adam Whitmire

In Q1 2025, we responded to additional city comments on permitting.

In May 2025, we received final permitting approval.

We are now actively working to secure a Letter of Intent from a homebuilder. Once the LOI is executed, we will proceed with the sale of the property.

More Projects Update

Water & Electrical Utilities Installed

Filip Bondas
May 29, 2026

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.

Received CO on 9 Units

Filip Bondas
May 28, 2026

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 New Luxury Rentals Live

Filip Bondas
May 27, 2026

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.