Progressing with Retained Lots

Following the April 24, 2025 sale of Phase 3 at Steeplechase for $2.03M, we retained four lots to manage risk and enhance returns. Last quarter, we added two more lots. We are finalizing home designs and financing for four lots and preparing the 2 lots for sale.

December 23, 2025
Oliver Pruitt

Following the sale of Phase 3 at Steeplechase on April 24, 2025, for $2.03 million, we retained four lots to help mitigate risk and maximize returns for the fund.

Last quarter, we expanded that by adding two additional lots from the original four retained lots.

We’re now in the process of finalizing home designs and securing construction financing for the four retained lots, while preparing the two additional lots for sale.

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.