REAL ESTATE ASSETS

12 Months Ended

Dec. 31, 2024

Real Estate [Abstract]

REAL ESTATE ASSETS

5. REAL ESTATE ASSETS

As of December 31, 2024 and 2023, real estate assets consisted of the following:

	December 31, 2024		December 31, 2023
Construction in Progress	$	-	$	6,983,974
Land Held for Development		-		3,382,792
Rental Properties		30,695,669		31,770,386
Total Real Estate Assets	$	30,695,669	$	42,137,152

Single family residential properties

As of December 31, 2024 and 2023, the Company owns 132 Single Family Residential Properties (“SFRs”). The Company’s aggregate investment in those SFRs was $31 million. Depreciation expense was $1,056,206 and $1,050,897 in years ended December 31, 2024 and 2023, respectively. These homes are located in Montgomery and Harris Counties, Texas.

The following table presents the summary of our SRFs as of December 31, 2024:

	Number of Homes		Aggregate investment		Average Investment per Home
SFRs		132	$	33,190,603	$	251,444