Retained 4 Lots

After selling Phase 3 of Steeplechase for $2.03 million, we retained four lots to mitigate risk and enhance fund returns. Last quarter, we added two more lots. Next steps include finalizing home plans for the four retained lots and selling the two additional lots.

October 9, 2025
Oliver Pruitt

After successfully selling Phase 3 of Steeplechase on April 24, 2025, for $2.03 million, we decided to retain four lots to mitigate risk and maximize returns for the fund.

Last quarter, we added two more lots from the original four that we had retained. Our next steps include finalizing the home plans for the four retained lots and selling the two additional lots.

Finished homes at Steeple Chase lot delivery project, with completed properties ready 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.