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Steeple Chase

Hoschton, GA
| Community Development

+/- 128 acres of entitled land zoned for residential use. The gated community will consist of 63 estate lots ranging from 0.5 to 1 acre lots with custom built homes. The anticipated completion date of the community is set for fall of 2024.

Next Steps: Finalize Home Plans for 4 Retained Lots and Sell 2 Additional Lots
FUND LEVEL RETURNS
Realized Returns

EM:
PROJECT LEVEL RETURNS

Realized Returns

EM:

+/- 128 acres of entitled land zoned for residential use. The gated community will consist of 63 estate lots ranging from 0.5 to 1 acre lots with custom built homes. The amenities of this community will feature a barn-style community center, ponds, pool, and walking trails throughout the neighborhood. The anticipated completion date of the community is set for fall of 2024.

Project Updates

At any given time, our portfolio includes projects in different phases—acquisition, development, stabilization, and exit. That’s by design. This staggered structure allows us to generate consistent cash flow while building long-term value, freeing us to sell, hold, or refinance based on what the market demands, not arbitrary dates.

Here’s where our projects stand today.

April 25, 2025

Phase 3 Sold for $2,030,000

We are excited to share that on April 24th, we officially closed the sale of Phase 3 of Steeple Chase for $2,030,000 (14 lots at $145,000 per lot).Originally, Phase 3 included 18 lots, but due to strong demand for homes in the area, we made the strategic decision to retain 4 lots...

April 25, 2025
March 12, 2025

Closing March 28th for $2,610,000

Update: Steeplechase Phase 3Closing March 28th for $2.61 MillionA year ago, we announced we had an executed contract to sell Steeplechase for $8.3M, which would yield the fund and its investors a realized IRR of just over 40%.Interested in participating in the realized returns from Steeplechase’s final closing? You still...

March 12, 2025
February 12, 2025

10 Homes Completed

As many of you know, we sold Steeple Chase to a national home builder. Phase 1 was officially sold last March, and we sold Phase 2 in September.It’s amazing to see the speed at which they are developing this project. We visited this past week, and there are currently 10...

February 12, 2025
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