Buyer Negotiations Underway

Last quarter, we addressed city feedback on our plat submission, resubmitted it for approval, and began selecting a buyer. This month, we continued negotiations. After selling Phase 1, we will move forward with Phase 2 development.

October 21, 2025
Oliver Pruitt

Last quarter, we addressed the city’s feedback on our plat submission and resubmitted it for approval. We also began the process of selecting a buyer.

This month, we continued our negotiations with potential buyers. Once we select a buyer and finalize the sale of Phase 1, we will move forward with the development of Phase 2.

The sale of this project will generate realized returns for the Arabella Real Estate Fund. Investors will participate in these realized returns through quarterly distributions.

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.