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Hutto Project Vote - June 2024
Hutto Investment Preference
(Required)
Exercise option to lock in a 18-20% per annum return for Phase 1 (18 Months), and move into Phase 2 of the project. Hutto Phase 2 involves part industrial, part BTR, and is expected to last 3 years, with estimated returns of 20% per annum range.
Cash out at a smaller return (estimated 8-14%) - the returns are dependent on the sale price and timing of close.
Retain an option to buy a tract in the project.
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