REAL ESTATE ASSETS (Tables)

9 Months Ended

Sep. 30, 2021

Real Estate [Abstract]

SUMMARY OF SINGLE FAMILY RESIDENTIAL PROPERTIES

As of September 30, 2021 and December 31, 2020, real estate assets consisted of the following:

	September 30, 2021		December 31, 2020
Construction in Progress	$	6,453,072	$	9,567,841
Land Held for Development		9,174,185		10,937,750
Rental Properties, net		11,027,736		-
Total Real Estate Assets	$	26,654,993	$	20,505,591

Single family residential properties

As of September 30, 2021, the Company owns 46 Single Family Residential Properties (“SFRs”) in Montgomery and Harris Counties, Texas. The Company’s aggregate investment in those SFRs was $10.7 million. Depreciation expense was $38,533 and $0 in three months ended September 30, 2021 and 2020, respectively. Depreciation expense was $53,755 and $0 in nine months ended September 30, 2021 and 2020, respectively.

The following table presents the summary of our SRFs as of September 30, 2021:

	Number of Homes		Aggregate investment		Average Investment per Home
SFRs		46	$	10,662,228	$	231,788

SUMMARY OF SINGLE FAMILY RESIDENTIAL PROPERTIES

The following table presents the summary of our SRFs as of September 30, 2021:

	Number of Homes		Aggregate investment		Average Investment per Home
SFRs		46	$	10,662,228	$	231,788