First Quarter
2023 Fund II Report

Problem

A shortage in supply
of workforce housing

solution

Increase supply by purchasing and renovating distressed homes to meet demand

Progress Report

151
PROPERTIES purchased
$17.525M
capital raised

Since June 1, 2022

Video Summary

Deal by the Numbers

show me a typical deal

3032 SW 93rd St, Oklahoma City, OK

buy
$175,000
REHAB + CARRY
$31,929
TOTAL COST
$206,929
MARKET VALUE
$220,000
before
after

$1,670

LEASED

1.03x

RETURN ON EQUITY
(unrealized)

8.3%

CASH ON CASH

Property Highlights

Before and after of our latest projects
1215 Cadell Ln
before
after
before
after
before
after
before
after
before
after
1452 NW 91st St
before
after
before
after
before
after
before
after
before
after
3403 Diadem Ln
before
after
before
after
before
after
before
after
before
after
3420 Statler
before
after
before
after
before
after
before
after
before
after
5613 Armstrong
before
after
before
after
before
after
before
after
before
after

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

Property Aquisition

Goal 2

Construction / Rehab

Portfolio Summary

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