We remain on track with the vertical construction, with an estimated completion date in Q2 this year.
Once completed, we will start the lease-up period, which means more cash flow for the Fund and continued distributions for investors.
Progressing Through Vertical Construction
Vertical construction remains on track with an estimated completion in Q2 this year. Once complete, we will begin the lease-up period, which will generate additional cash flow for the Fund and support continued distributions to investors.
- Adam Whitmire
More Projects Update
- Filip Bondas
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.
- Filip Bondas
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.
- Filip Bondas
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.