COMMUNITY REDEVELOPMENT, INC. IS ON A MISSION: We are a publicly traded real estate growth company focused on creating housing for all with an emphasis on naturally occurring affordable housing (NOAH). OUR OBJECTIVE To develop sustainable communities that thrive by investing in urban neighborhoods and first tier suburbs; we work to acquire, develop, redevelop, or create joint ventures with minority and women-led developers - adding additional properties and growing our portfolio steadily over time.
THE OPPORTUNITY: The housing sector in Greater Washington presents definitive opportunities to generate attractive, stable returns for shareholders. Affordable housing tends to be more consistent across economic cycles and the current demand far exceeds supply. Traditionally, development projects which use competitive tax credits are time-consuming, delaying time to market. Our proprietary model addresses the significant supply/demand imbalance by providing greater quality control and faster property lease-up. Our product quality typically creates longer tenant tenure and shorter unit, resulting in lower operating costs and more stable returns. We believe our emphasis on the NOAH sector will provide significant opportunities to acquire, develop, redevelop, or create joint ventures with minority and women-led developers - adding additional properties and growing our portfolio steadily over time. As a public company with enhanced access to capital, we expect to be well positioned to take advantage of these timely opportunities.
INVESTMENT THESIS: Problem The Greater Washington Region (GWR) has a significant need for additional housing both market rate and NOAH. Growth in the GWR continue to put demand side pressure on the housing market. Increasing interest rates are pricing people out of purchasing and toward renting. Yet, the demand for home purchases remains at the right price point. Lack of equality in real estate development. CRDV Solution: Providing housing options for all - market-rate to NOAH. Smaller projects faster. We source and to develop for both rental and for-sale properties executing on our proprietary model. Joint ventures with emerging women and minority developers.
OUR COMPANIES: Artistry, LLC (build and renovate for lease) Mosaic Homes build and renovate for sale) and RedRock Realty (Miami based real estate brokerage)
FUTURE VISION: While continuing to grow our existing companies we have a vision of adding both a property management and mortgage warehousing company to our arc of expertise in 2023. We are consistently exploring the best markets that meet our objectives in pursing mixed-use, commercial and single/multi-family projects. Moving into 2024 we intend to open our market beyond the Greater Washington Region into the Mid and South Atlantic states, including Florida and Texas. Our acquisition strategy is rooted in viable well-positioned regions that are anchored by strong tenant markets, robust job growth, and increased demand for housing. Creating definitive opportunities to generate attractive, stable returns for shareholders - allowing us to seek an up listing on OTC Markets in 2023 then to NASDAQ in 2024.
MOMENTUM AND TRACTION: Balles Portfolio - have begun closing - 21 properties (291 units) - various stages of development - scattered site in Washington, DC total estimated value $50M. Baltimore Portfolio - seeking funding - 40 single family homes for rent - scattered site - maintaining affordability in Baltimore, MD - total estimated value $5.5M.
REVENUE MODEL: CRDV has 7 streams of revenue. once we have completed the acquisition of the first two portfolios. We will have immediate cash flow from two properties in DC as well as from the Baltimore Portfolio.
GROWTH STRATEGY: Add 1,000 units with annual cash flow of $1M+ First milestone: 50 income producing units and 250 units under development. Capital Uses: Property Acquisitions/Development/Management, Mergers and Acquisitions, Legal, Finance, Marketing/Public Relations
THE ASK: We are seeking $3M to be used - $1 million for acquisition of 40 properties in Baltimore $1 million for JV on 54 new construction townhomes and $600K for operating costs (legal, accounting, operations to close and execute business plan until cash flow)
LEADERSHIP TEAM: Our team of experienced leaders have over 70 years of combined experience in real estate, development, brokerage, construction, business, and finance. We stand by our core values of integrity and excellence in everything we do. Lara Fritts, CEO, A certified economic developer with over 25 years of experience. She has an expertise in building economic development organizations for elected officials having started six public-private partnerships. Richard Balles, President, A prominent real estate developer in Washington DC. He is a serial entrepreneur and has enjoyed tremendous success in past ventures related to banking and mortgage lending. Mike Zink, CFO, Mr. Zink has over 15 years of professional experience as a CPA working in accounting, finance, and treasury in multiple industries which include construction, financial services, private equity and real estate.
FORWARD LOOKING STATEMENT: This presentation contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, among others, statements of expectations, beliefs, future plans and strategies, anticipated results from operations and developments and other matters that are not historical facts. The forward-looking statements are based on management’s beliefs as well as on a number of assumptions concerning future events. Readers of these materials are cautioned not to put undue reliance on these forward-looking statements, which are not a guarantee of performance and are subject to a number of uncertainties and other factors that could cause actual events or results to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements involve known and unknown risks, which may cause Community Redevelopment Inc (“CRDV”) actual future results to differ materially from expected results. These risks include, among others, whether proposed transactions in fact close, general economic conditions, local real estate conditions, tenant financial health, the availability of capital to finance planned growth and timing of acquisitions. Consequently, forward-looking statements should be regarded solely as reflections of CRDV current operating plans and estimates. Actual operating results may differ materially from what is expressed or forecast herein. CRDV undertakes no obligations to revise forward-looking statements that may be made to reflect events or circumstances after the date these statements were made. This document represents a summary of terms only and the information contained herein is entirely subject to the information contained in the Confidential Public Regulation A Offering Memorandum of CRDV. which, among other things, discusses certain risks associated with making an investment in the shares of CRDV. For general information on investing, we encourage you to refer to www.investor.gov
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