We closed.
Then we celebrated.

Alright, we're live.

Hello, everyone. Thank you so much for joining us, for, this, celebration. Welcome to, the, partnership. We're so excited, to partner with each and every one of you on Harmony Grove. So, things are off to a fantastic start, so far. Wanted to give you guys a little update, a chance to celebrate, but more importantly, we're ready hard at work, carrying out the business plan. And, just to give you a quick update, Claude, Anita, Fedna and a couple of our other partners, were just at the asset, this week, making sure that things are running, very, very, smoothly. So, a quick, update. Business plan already, underway. We've already, had the contractors out. They're prepping, to start, the exterior renovations, that we wanted. The excitement is extremely palpable in the property. All the residents are extremely happy. They love the fact that, the new ownership group is around. We're visible, we're improving, the way that the property looks. We're improving, overall, safety. The rents are still coming in well above, what we projected would have happened, three years from now, right? We had somebody, come in just this week, they're ready to sign, at, $1,450, with zero renovation, done. So, I think our underwriting was extremely conservative. And, we're really, really bullish, on, this particular asset. So, we just wanted to bring everybody together, give you a quick update, and more importantly, to congratulate you, and thank you for your partnership, and joining, the, ownership, group. And, please, expect, monthly communications from us, going forward, giving you updates, not just on the financials. But also on the business plan, and as we've always said, if you have any questions, if you're in town, you want to go visit your property, this is your asset, just let us know. A tour could be arranged with the property management team, so you could go and visit, your property and see all the fantastic work that we're doing on your behalf, right? This is the way that you let your money scrub in for you, right? Let your money work harder, than, you, do. I'm gonna turn the floor over, to, one of our, principal partners, Claude, to see, if he has, anything to add. Claude?

Yes, thank you everyone on the call. Today is a very, very important day. Why? Because we are celebrating a milestone in our life. Together we came, we came together to buy a community in Georgia. That was a few weeks ago, and… 14th of July will be a very, very important day to remember, for long, so I want to congratulate everyone who participated, who is part of that journey, whether you invested or not, It's very important that we remember that they're selling… And we come together and just share the beautiful thing that we have done. So, congratulations again. I apologize, I'm coming from the asset. I flew there, Wednesday, just to make sure that the transition is going according to the plan, that we are implement… that we have kick-started our business plan, and… from what I see, the excitement, like Dr. Campbell mentioned, is very high about this property. People are signing lease at $1,450, and they don't even… like, trying to talk down the price. When they say $14.50, they're like, where do I sign? And if you remember our business plan, we said we're gonna sign 1424 by June 30th. 2029, so 3 years from now, and we are achieving already. So, we really, really appreciate the fact that, as a community, we came together to see this rare opportunity and decide that we're gonna get it, and we get it. Now we are at work to… implement our business plan. I'm really, really proud of all of us on this call, and I just want to extend, again, my congratulations. Today is a Celebration, place. Any question. Throw it to us. We're gonna try to, come with an answer, but let's celebrate. Let's celebrate, guys. We have done a phenomenal job. Congratulations.

Yeah, thank you, Claude. So, as Claude mentioned, he's literally on his way back from the airport right now, after, seeing the asset over the last, few, days, and, Fedna lives in Atlanta. Fedna, are you available to say a couple of words?

So sorry, I'm still here. Hello?

Yeah, hi. You wanna say a few words?

Yes, I will definitely say a few words. I just want to thank everybody for joining us. We really appreciate you guys. Atlanta is poppin', for all the right reasons, that is. I did not get a chance to go today. I had some, family stuff going on, but I live here around the corner. I will be going tomorrow. But, we had our meeting with the property manager, and then we had, we had our meeting as partners. We're all in one accord, and things are moving fast. I can't believe how fast it's moving. And as soon as we took over, we went to work, and I am very excited, just the momentum gonna keep going. The property managers are amazing. They're on top of things. You guys are part of a phenomenal… process and asset, and we can't thank you enough. Thank you for… for celebrating and being exciting with us, and I'm happy to be part of a team that's gonna bring you nothing but joy, and get your money back even more than what you invested.

Fantastic. We're gonna open the floor up, to any questions, comments, anything that anybody has to say, please drop it in the chat. More than happy to answer any questions. This is also, just an open forum for people to, ask questions. What has gone on, over the last, two weeks, since we've, had the asset? Just a lot of tremendous momentum. Moving, forward. So what questions do you have, guys? Open forum.

I guess I can ask, apologize. I had to get some stuff in order, so I do want to celebrate with you guys, and hopefully on the next opportunity, I'm able to join. It's Tunisia.

Hey, absolutely, thank you so much.

But I did want to know, I know one of the, things that had been discussed before signing was reaching out to Dobbins Air Force Base and trying to do that partnership. And I know that you said in the past two weeks that you are looking at first doing renovations, you already started getting interest, but, I guess my question is, what are you doing for marketing? And then… I don't… I don't want to poo-poo the celebrity, because I know that we're all celebrating, but when is the next one now that I know I can join? Sorry.

No, no, that's… hey, Tanisha, thank you so much, for the questions. So we're already working on the marketing plan, it's already, on, track. So, firstly, Harmony Grove is now, all of residencies, at Marietta. We wanted to make it something that is boutique. Peak, something that is pretty fresh, so we rebranded the property as Olive Grove, at, Olive residencies, at, Marietta. We've been reaching out, to, our contacts at the Air Force Base, reaching out to, local law enforcement, as well, just to really generate interest. We're all about serving those who serve us, local hospitals, as well, people who have, extremely high income, who want to be in the area. Part of, what's happening is that over the last, in June, every single person who had a lease, renewal re-signed, right? Not only did they re-sign, they re-signed at a much higher rate, right? Everybody got an average of about, a $75 premium, on, the rent side that they are, paying. And, we're already working very, very hard on bringing other opportunities, to our, investor, community. We're, really, really excited. Another part of the reason why, Claude is traveling, because he's really busy, touring assets. The reception we've received from the broker community, has been really unparalleled, right? We're being offered a lot of really fantastic opportunities that are usually reserved, for, institutional-type investors, because they see our movement, they believe in us, they believe in our strategy, and that's thanks to you, and everybody else, on this call and in our community. So, rest assured, future opportunities will be coming, very, very soon.

Thank you.

Any other questions, comments, please let us know.

Just a quick announcement, for all those who are joining us today, y'all have permission to speak, your mics are, turned on, so please, we would love, to, receive your feedback on the process, on the asset. Questions, any kind of thing that helps us all improve in what we do here every single day. And, and, kind of, we, we love taking feedback and, and putting it to work. So, thank you.

Thanks, Addy.

Well, I will add, since I do live in Atlanta, if anybody lives in Atlanta, if anybody, want to come here, I would absolutely love to meet up with you, and we can tour the asset together, so give me a heads up anytime, and be happy to show you around.

Yeah, thank you, Fed. And that's an open invitation for anyone, who, is interested in, touring, the, asset, you know. This is, something we're really proud of. We're an open book, communication is extremely important. To, us and, being not transparent. You want to go toward the asset, you want to see the work that's been done. Please, please, please, just let us know. This will be, arranged, for you. Other questions? Hey, Claude, you want to give a quick, overview, on what, we have in store, in terms of our one-month, timeline?

You mean in terms of,

The work that we're gonna be, carrying out on, everybody's behalf.

Yes, yes, in… in nec… in the… next 3 to 4 weeks, we are going to, do a couple of very interesting things. We are working on putting a big sign, with our new, brand. Olive Residency at Marietta. We have a sign out now with that name, but… with that brand, but, we… we are working on a much better and bigger brand, and bigger sign for that. We are working, We are ready… Saw a couple of general contractors who are going to, start working, in… in August. Sorry, I… Yeah, we, we have… we already secured a couple of general contractors. We are going to kick off in August the painting on a building. All the nine… all the nine buildings are going to be painted in… in white. We have already decided what kind of color with the general… with the PM, the general contractor has sent their proposal, we review, and we, They are going to start as soon as possible in, August. In the same vein, we are… we approved the, some of the interior improvement that we, we saw during our due diligence, installing exhaust fan into a bathroom. The property doesn't have, some bathroom doesn't have that right now, so we are doing a property-wide, installation. We are That's gonna start next week. Property-wide. We have, we have to… In August, we are going to start with the replacement of electrical panel. This is something that is going to reduce our, our operational expense when it comes to insurance. We talked with… we worked with our insurance guy, team, and they said if we replace our… if we replace our panel, we're gonna have some, reduction in our insurance expense, so that would… Make our property better, better secure, and also, save on money. Those are the major ones, but we have things like, landscaping that we are working on, too. We target in September. And all those, and things like just bringing the property to a level where, people see that there are a new group who is owning this property. What does that mean? We are putting a fence where there is, a trash can, there is a giant trash can, we… But we asked the, property manager to Come up with a fan… with a general… to sign a general contractor who can bring fans to kind of cover that… that place, and that would, That will create not only a nice,

Index and Dan, how exactly,

Oh, sorry. So, we are going to fence, well, the trash area for… for the resident, and that is going also to be a base for, the trash collection fee that we are starting to implement in the next few weeks. So… A lot of things have been, discussed with our general contractors, and… And, and property manager, and, some of them have started. Some of them will start next week, like the exhaust fan. And the following week, like, the paintings and things like that. So, the major focus now is on the exterior, because that is where it's easy to start. When we go to the interior, the interior renovation. It's gonna be a little bit slow, just because people love that property. Dr. Campbell mentioned that, 6 rent in June, and everyone renew it. July, everyone renew it, and August, we had to split it up. People will renew, because so far, we haven't received any person indicating that it doesn't want to renew, and there is a timeline to to, give notice that you're not gonna renew your rent. We haven't received any for the, 8 rent that is coming to, a contract that is coming to an end in the month of August, so… We're anticipating that those are going to be renewed, showing how people have, a lot of interest in staying that asset. So, the interior renovation is going to be a little bit slow when it comes to renovating our unit, but the exterior, we are pushing Aggressively to get it done, because that will capture a lot of value, bringing new, profile of tenant easily.

That's fantastic. Hey, thank you so much for the update. I'm gonna add a little bit of color to what he said. So, yes, we're getting these bids, but these bids are for significantly less than we budgeted. For, right? For the electrical panel work, we budgeted over almost $250,000 for the electrical panel work. It's gonna come out to be $75,000, right? So when we told you that we have contingencies upon contingencies built in, and that we're gonna get, competitive bids, we really meant, what we said. Everything that we've gotten so far is coming in well under, budget. Which makes us really, really, excited about, this, project. And I think… starting on the exterior, people are getting excited, they're able to see it, they're able to see the change, that we're, bringing. And even with the rental increases that we have, it's still well below what the market will, tolerate. So that's the reason why people are electing to stay, at this asset, because they already all the changes, that are happening very, very, quickly. We're giving people a wonderful place to live, a wonderful place to raise their family, and just a tremendous community to call, home. So, we're not only extracting value, more importantly, we're adding value, to, them, in the community, which is critically important. To, us, right? And something we're very, very proud, to, do and to really serve the community. Right? Any additional questions?

No, not a question, but just some comments. Good evening, everybody.

Blaise.

Hey, Dr. Campbell. So, first, I wanted to thank you, Dr. Famberl. Claude and the team for bringing such a fantastic opportunity to us, to allow us to invest in it. Because, everybody who's been listening to what's been said all along this evening just shows that this asset is a really good one. And, the work that's been going on is quite remarkable. I think the team's been doing great, and we're very hopeful about what we're seeing, and the rent is coming in above what we expected, and the budget is coming in… the quotes are coming in below the budget, so all that just shows that, as investors. We are basically looking for a fantastic outlook, for a great outlook in terms of our return on investment, cash flow, and the things that we actually projected. So, and that is really good news. So, I have nothing else to add, just happy to be here. And also, I want to thank the investors who came in through me, for the opportunity to come in here, for the trust they brought in, for trusting us with this. And as one person said, I think this is just the first one, because when we do a fantastic job here, an excellent job here, they will see how well we perform, how well we execute, and they will be with us on the next one. And even bring more investors along, because we're dreaming big, and we're up to something very big here.

Yeah. No, thank you so much. I think, to, add a little bit to, what Blaise just said, the excitement and the amount of people that were interested in this particular opportunity. We were oversubscribed, right? Unfortunately, we were not able to, offer an allocation to everyone who wanted to be a part of, this, opportunity, because I think a lot of people really recognize the vision. They recognized the location and the asset, and they really saw the business plan. So, for, those who may not have been able to join us on this particular deal, there'll be definitely plenty of similarly outstanding opportunities, in the future, right? We look for needles in a haystack. Right? For every one opportunity, that we say yes to, we say no, to, hundreds of other, opportunities. It has to make sense, for us. We have to protect our investor capital. More importantly, we have to be able to, deliver on our business plan. So, thank you, thank you. Thank you.

Dr. Campbell, I think Dr. Kingsley asked a question, is the call over? I'm not sure if he was trying to say something, if he, I can see he's still here.

Oh, sorry, Dr. Kingsley.

If you can hear me, sir.

Yes, we can hear you.

8, forgive me, I was on another call, I had a little bit of a conflict, but then there was a blank screen, so I wasn't sure if I had missed the first 15 minutes or not.

Yeah, so there was just, a quick introduction, a quick update. This is a no slide, this is an open forum. I wanted to let people know that we're hard at work. The asset is performing beautifully. Rents are still coming in well above, projections. In the asset is, 97% occupied, currently. When actually another lease, signed, so I think we're pushing 99%. Occupied, everybody renewed in June, everybody renewed in July. August, we've gotten zero, indications from the 8 people, who have released, renewals, that they're, planning on not renewing, which, so that means that 8 out of 8. Are gonna, renew. So we're not spending any money on renovations, but we're capturing a premium, on these, renewals, which is really fantastic. Other things, that are happening that we did not underwrite for that is gonna add revenue, to our business plan. The washer-dryer rental program, is gonna get, up and, running. The paid parking is gonna get up and running. We're gonna start, billing people, for, gas and water, which is not currently being done. We're gonna start doing that that was not underwritten for us. So those are other revenue streams, that we're continuing to stack that was not a part of the business plan, that we Presented. So we're just, really working hard to add value. To your, investment. So thank you, thank you, thank you for partnering, with us, and we're really, really excited. And just an open forum for, any questions. If, if not today, whenever anybody has any questions, let us know. If you're in the Atlanta area, you want to tour the property, this will be arranged, for you.

Great, thank you so much.

One question. Yeah, sorry, Dr. Kingsley, I think you went ahead. You were ahead of me.

No, you can go ahead, I was just saying thanks.

So, with this… Celebration, and us getting together. Going forward, how will investors be updated about things happening with the assets? Are they getting written reports? Are we coming together to discuss the performance of the assets?

Yes, so…

And things like that. And a different question of distribution as well.

Excellent question. So, our investor community will get, monthly, reports, financials, updates on the property, and where the business plan, stands. So there'll be monthly written, communication. Anybody has any questions in between, just reach out, to us. We're an open book. Happy to discuss in terms of distributions. Distributions are paid on a quarterly basis, according to our business plan. We're planning on starting, to pay those distributions after the third, quarter as we're carrying out our renovation, plans, but things are always being, modified. If there are opportunities. For us to, pay earlier, we'll certainly, consider, that, but, that I would defer, to our corporate finance, expert, Claude, who's our, money man, but, I certainly think if there are, opportunities. For earlier distributions, rather than, what we, underwrote for. That's something we will happily, do, for our, investor, base. So there'll be definitely frequent, communications, with, our, investors. Hopefully that answers the question.

Yes, you did. Thank you.

Yeah, alright, outstanding. Any other questions?

Also, Dr. Campbell, Leah and Jeremy just joined.

Leah, Jeremy, welcome, welcome, welcome. You want to say a few words?

Just that we are super excited about, this property. There's so much upside, and I think one of the most exciting things is to be able to bring all of the things that we are doing and accomplishing, on this property to y'all, so… that's really it. We've had multiple conversations, we've met with the property managers multiple, multiple times already. I'm not sure what y'all covered before we got on, but sorry we were late. That's pretty much it, I think.

Yeah. Oh, thank you. Jeremy?

And I just… oh, sorry, go ahead, Jeremy.

Oh. Are you muted? You're muted.

Just welcome everybody, we're happy to be here. I echo everything that Leah said. So, excited to… to see how… how this all turns out, and move forward.

Fedna?

Yes, I have to go, but I just want to say, like, I truly, truly love this team. This team is such a vibe, we're working well together, and just amazing job on the team, and I just want to thank all the investors. The leadership by Dr. Campbell is amazing, and thank you so much for… for… for having this, and thank you for having me.

Yeah. Teamwork makes the dream work, right? This is a complete, team, effort. So, it's, 7.01. I want to be respectful of everyone's time. If anyone has any, questions, more than happy, to answer. If not, this was, again, just a quick, celebration, a quick congratulations. On, joining us on this, journey. There'll be plenty of others, for those who may not have been able to join us on this particular asset. We're hard at work on the next opportunity. But, as, we always say, we're looking for that needle in a haystack, right? It has to be a really outstanding opportunity. I think, Carine, has a question. Go ahead.

Actually, it's not a question, it's, I just wanted to congratulate the whole team, and particularly say thanks to, I don't know if we can call you our mentor who brought us to this deal, Mr. Blaisea. I wanted to thank him for bringing us to the deal, and looking forward to working with this great and amazing leadership team.

Well, thank you for joining us. We really appreciate it.

Thank you.

Alright. All right, everyone, it's a little after 7, quick celebration. Keep the good vibes going, have a nice bottle of, wine, red or white, or rose, your choice.

That's right.

Before we leave, quick update. Sorry, Dr. Kimball. Just a quick update for everyone joining, and those who could not attend, and they'll be hearing this later. We'll be sending out recordings within the next 24 hours. That'll cover everything that we talked about today, so feel free to share it with your friends, family. And, and who is, whomever you think might benefit from from, being part of this community and investing with us in our next deals. Thank you.

Absolutely, and just one last thing, I think, education is extremely important, and, we're looking to, continue and build upon, our last, webinar where we had, a tax strategist, come and share, some tips. For us. So we're going to be offering, more of that, in the future. We're going to be able to add value, to you, right? I think, personal finance is extremely important, and, we're looking to really offer opportunities for people to learn and grow, and if there's anybody within your network that you think would benefit from it, the highest, Compliment, is certainly a referral to, any of the opportunities that we may have. Or any of the educational, webinars that we'll be offering, in the, future. So again, thank you very much, everyone. Have a wonderful, Thursday, evening.

Thank you, and bye for now.

Alright, bye-bye for now.