Extra Lots Sold, Four Retained

Following the April 2025 Phase 3 sale, four lots were retained to manage risk and add value, and two more were later added. The two extra lots have since sold, and the team is preparing to move vertical on the four retained lots as the project advances.

April 16, 2026
Filip Bondas

Following the sale of Phase 3 at Steeplechase on April 24, 2025, we retained four lots as part of our strategy to help mitigate risk and maximize returns for the fund.

Last quarter, we expanded this approach by adding two additional lots to the original four retained parcels.

We have since sold the two additional lots and are now preparing to move vertical on the four retained lots.

Projects like this allow us to deliver lots to builders while also creating additional value and income opportunities within the fund.

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.