CA South in 2021 – CA South

I wanted to share some important accomplishments for CA SOUTH in 2021- there is much more than what fits in an IG caption, but it’s been an incredible year. Click our link here from Instagram: https://www.instagram.com/p/CYkZg43FJX4/ Projects– We built and forward-sold an 175,000 sf industrial project named Myatt Drive for significantly more per foot than we had underwritten – Similar story for Callis Road, our 360,000 sq. ft. industrial JVWe successfully sold out:*EVE for between $600 to $700 per foot to a 45% IRR*Alina despite the challenges of selling a building of exclusively one bedroom units during the 2020s *Mostly finished construction at Allston *started demolishing, and filed for a permit on our largest project to date; 900 8th Ave *Took on a new institutional OZ partner, Argosy Real Estate, closed and broke-ground on Parachute- a 102 apt units with 5,000 sq. ft. of retail. – We broke-ground on Pie Town, 83 short term rental condo units (very large floor plans), after handling significant supply-chain and cost increase issues.Some additional milestones which are still under wraps – Our industrial platform is expanding into other markets. – Went under contract on another 100 unit multifamily dev on Charlotte Ave– We assembled 3 lots in Wedgwood Houston, the hottest neighborhood in Nashville right nowOur amazing team has beyond doubled and is continuing to expand. Additionally…. – We saw several deals come full cycle, which means we now have a positive track record! – We acquired a new 5,500 sf HQ for CA in Wedgewood Houston This year has taught me;1) Hard work and persistence pay off2) There is nothing more important than the people on your team; there is no substitute for competence. I am thankful to have each and every member on the CA South team, and I appreciate the hard work and dedication that have positioned us for another unprecedented year.