33 Unit Zero Lot Line Patio homes Land – 6.10 Acres Density – 5.4 units/acre Land Cost $ 88,364 per Acre $ 16,364 per unit Land Development Cost Developed lots Construction Cost $46.73 SF - $79,527 per unit Sales- 2.0 units/month 33 Unit Zero Lot Line Patio homes Land – 6.10 Acres Density – 5.4 units/acre Land Cost $ 88,364 per Acre $ 16,364 per unit Land Development Cost Developed lots Construction Cost $46.73 SF - $79,527 per unit Sales- 2.0 units/month
30 Unit Zero Lot Line Community Land – 6.1 Acres Density – 5.4 units per acre Land Cost $91,463 per Acre $22,500 per unit Land Development Cost: $ 37,764 per acre $ 9,290 per unit Construction Cost $60.76 SF - $99,577 per unit Sales- NA
70 Townhouse Condominium Land – 8.0 Acres Density – 8.8 units / acre Land Cost $110,345 per Acre $ 12,611 per unit Land Development Cost $ per acre $ per Unit Construction Cost $38 SF - $ per unit Sales- NA
132 Unit Condominium Land - 10.0 Acres Density – 13.2 units/acre Land Cost $ per Acre $ per unit Land Development Cost $ per acre $ per unit Construction Cost $ SF - $ per unit Sales- 4.9 units per month
144 Unit Condominium Land - 12.0 Acres Density - 12 units per acre Land Cost $110,345 per Acre $ 9,195 per unit Land Development Cost $ 140,833 per acre $ 11,736 per unit Construction Cost $37 SF - $ per unit Sales-
272 Unit Condominium Land – 26.77 Acres Density – 10.2 units per acre Land Cost $47,441 per Acre $ 4,669 per unit Land Development Cost $ 65,253 per acre $ 6,422 per unit Construction Cost $ SF - $24,029 per unit Sales- units per month
70 Townhouse Condominium Land – 8.0 Acres Density – 8.8 units / acre Land Cost $110,345 per Acre $ 12,611 per unit Land Development Cost $ per acre $ per Unit Construction Cost $38 SF - $ per unit Sales- NA
198 unit multifamily Rental Land - 15.0 Acres Density – 13.2 units / acre Land Cost $98,506 per Acre $ 9,597 per unit Land Development Cost $ per acre $ 7,463 per unit Construction Cost: $33.26 SF - $31,229 per unit Rentals - units per month
198 unit multifamily Rental Land - 14.57 Acres Density – 13.6 units / acre Land Cost - $102,234 per Acre $ 9,866 per unit Land Development Cost $ 102,234 per acre $ 7,523 per unit (incl tap fees ) Construction Cost - $34 SF $31,950 per unit Rentals - NA units per month
Plan Developed in 5 phases to allow for growth and manage current cost Plan improved efficiency and increased headcount 42% Lease modifications secured upfit allowance to cover all construction costs $137K Lease locked in current rental rate of $19 sf with escallation to 21.50 sf over 4 years