As we roll into 2025, Landings Real Estate Group continues to comb our target markets for acquisition and development opportunities as we march to our goal of 5,000 units. Currently, our 113 team members are investing their tremendous efforts and talents in moving our organization forward while operating our 2,090 units and 162 hospitality rooms.

New and upcoming projects we will be bringing to potential investors in 2025 include:

1663 Central Ave, Saint Petersburg, Florida
The new 13-story development, located in an Opportunity Zone across from the new Tropicana Field (home of the Tampa Bay Rays) will consist of 120 luxury studio units equipped with the ORI Cloud Bed, a full roof top pool, gym and coworking amenity space. The building will be operated as a combination of long-term rentals and short terms rentals leveraging the tourism and entertainment demand of St Pete. To execute the development, we will be offering $13M-$14M of investment opportunity to accredited investors.

Middletown Town Center Apartments, Middletown, Rhode Island
The 150-unit apartment community is being developed as part of mixed-use plan, consisting of a hotel, retail and residential space. The project is located on 15 acres with a 99-year lease on one of the busiest roads in the State of Rhode Island. The development will consist of 150 units in five 3-story elevator buildings accompanied by a large leasing center, pool and fitness center. The short supply of housing on Aquidneck Island, the influx of two new Coast Guard Cutters, and relocation of NOAA employees and 12 ships to Newport Naval Station are all driving an increasing demand for housing. To execute the development, we will be offering $15M of investment opportunity to accredited investors.

The Newport Lofts, 144 Thames Street, Newport, Rhode Island
This new development in downtown Newport will consist of fourteen 3-bedroom, 3-bathroom vacation rental units and 4,000 square feet of commercial space to serve the increasing vacation demand in Newport, Rhode Island. The project will require 100% demolition and the construction of a 4-story elevator. The development will fold into the current Vacation Newport operations and reservation system that has proven successful in developing and operating similar properties in the Newport market. To execute the development, we will be offering $3M-$4M of investment opportunity to accredited investors.

LREG Multi-Family General Partner Income Fund
We are rolling out a unique strategy involving the acquisition of multi-family properties located in the Northeast, Tampa/Orlando and Jacksonville markets. The fund allows investors to contribute at the General Partner level and achieve deal level returns. The fund will partner with LP institutions to acquire communities that generate a 6%-8% cash on cash yield and a 15%-17% IRR. The expected Assets Under Management (AUM) is estimated to be $250M or approximately 5-8 assets with 1,500 units. To execute the fund, we will be offering $10M up to $25M of investment opportunity to accredited investors.

We are in the final stages of delivering 801 Whiting Street to the edge of the Water Street District in Tampa. We are estimated to our open our doors in August 2025. We look forward to welcoming new residents to our long term rentals just as classes begin at the University of Tampa and a new crop of medical students begin their residency at USF Medical. With hockey season and the high travel season just around the corner, we will be fine tuning our short-term rentals, ready to welcome Bolt fans and those escaping the winter of the North.

The stabilization of a 24-unit apartment building at River Park Landings continues to grind away through the blustery winter in New England. We are in the final stages of stabilizing the building after 6 months of deep reinforcing earthwork 30 feet below the surface.

Additionally, we have completed the common area hallway renovations in four of six buildings on-site and the renovation of the leasing office is well underway as we work through the winter toward a spring opening.

The vast improvements at River Park Landings will secure a productive and vibrant community for the foreseeable future.

At LREG, we believe that the heart of any successful organization lies in the relationships we build, not only within our company but within the communities we serve. That's why we are so proud to introduce Landings Group Gives Back, our corporate employee outreach program. This initiative is dedicated to creating opportunities for our team members to connect, engage, and give back in meaningful ways.

Through Landings Group Gives Back, we are proud to support a variety of organizations, each making a significant impact along the East Coast and across the nation. Whether it's volunteering time, providing financial support, or raising awareness, our efforts are always geared toward making a lasting difference in the lives of those who need it most.

Learn more about all the wonderful organizations we support. We look forward to expanding our impact as we continue to work hand-in-hand with these incredible groups. Join us in making a difference as we strive to build a brighter, more connected future for all.