First Quarter
2023 Fund I Report

Problem

A shortage in supply
of workforce housing

solution

Increase supply by purchasing and renovating distressed homes to meet demand

Progress Report

201
PROPERTIES purchased
$15M
capital raised

Since November 2020

Video Summary

Deal by the Numbers

show me a typical deal

637 N 4th Street, Garland TX

buy
$118,286
REHAB + CARRY
$73,389
TOTAL COST
$191,675
MARKET VALUE
$215,000
before
after

$1,700

LEASED

1.24x

RETURN ON EQUITY
(unrealized)

11.7%

CASH ON CASH

Property Highlights

Before and after of our latest projects
312 Monticello
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after
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5915 Gabor
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8915 Seacliff
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after
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9403 Hillis
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after
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10201 Munn
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Fund Update

Given the uncertain economic climate in the banking community, we have taken measures to protect unused cash with our banking partners to stay at or under FDIC insured amounts. Furthermore, these accounts are currently yielding 3.25% in a daily money market.

Goals for the 1st Quarter

Goal 1

Stabilize Portfolio

Goal 2

Lease Properties

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
ZACH HUGHES
Senior Vice President