Submitted for Plat Approval

Last quarter, we completed the final base layer, paved roads, and finished landscaping. This month, we submitted the plat for approval and continued efforts to secure a buyer. Once the Phase 1 sale is finalized, development on Phase 2 will begin.

Last quarter, we completed the final base layer, paved the roads, and finished landscaping and property dress-ups.

This month, we submitted for plat approval and continued working to secure a buyer for the property.

Once we finalize the Phase 1 sale, we will begin development on Phase 2.

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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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