OAKS AT ST. JOHNS CROSSING

 1566 River Road, Johns Island, SC (2014 to 2015)
•    Purchased 22 acres on River Rd and annexed into City of Charleston
•    Obtained Neighborhood District zoning with varying lot sizes, road types and 6 live work units
•    Prepared construction documents, submitted for and obtained all permits for roads, water and sewer
•    Mungo Homes, large regional builder, purchased 76 permitted blanks and investors got 41.25% IRR
•    Mungo Homes will finish infrastructure in December 2016 and Carolina One will sell homes
•    We retained ownership of live work units to create extra return on investment