First Quarter
2022 Report

Problem

A shortage in supply
of workforce housing

solution

Increase supply by purchasing and renovating distressed homes to meet demand

Progress Report

230
PROPERTIES purchased
2
PROPERTIES UNDER
CONTRACT
$15M
capital raised

Since November 2020

New Technology

Our proprietary database fed by the MLS is live and working in San Antonio, Houston, Dallas, and Fort Worth.

We have sent out over 500 offers using this system in all markets.

To date we have closed on 13 properties through this system.

Video Summary

Deal by the Numbers

show me a typical deal

15910 Plover CT, Humble, TX

buy
$105,000
REHAB + CARRY
$49,895
TOTAL COST
$154,895
MARKET VALUE
$175,000
before
after

$1,400

LEASED

1.48x

RETURN ON EQUITY
(unrealized)

10.76%

CASH ON CASH

How We Build: Announcing our New Hires

NATHAN VAIL
Construction Supervisor
JUSTIN PAONE
Construction Supervisor, Licensed Home Inspector
JACQUELINE SPRADLING
Licensed Transaction Coordinator

We Negotiated

84 Unit Portfolio in Dallas, TX (Garland)In May we successfully closed on an 84 unit portfolio in the Dallas suburb of Garland, TX. This portfolio has been held by one owner since the 1980s. All the homes currently have month-to-month tenants with rents well below market.Furthermore, very few, if any, renovations have been made which fits our value-add strategy nicely.

Property Highlights

Before and after of our latest projects
611 JOHN PAGE DR
SAN ANTONIO, TX 78228
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after
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7707 SKYLINE RIDGE DR
SAN ANTONIO, TX 78239
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8123 SPLIT PINE DR
HOUSTON, TX 77040
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15910 PLOVER CT
HUMBLE, TX 77396
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20106 BOLTON BRIDGE LN
HUMBLE, TX 77338
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after
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Goals for the 2nd Quarter

Goal 1

Buy last remaining assets for Fund I

Goal 2

Transition Fund I into stabilization and hold

Portfolio Summary & Financials

Investment Team

LEON GREEN
President, CPA
JOHN HOLLAND
Head of Acquisitions
BURTON HANSON
Senior Vice President
DARRYL CLARK
Director of Construction Management