Real Estate Notes: Future Pie Town building to offer for-purchase STR units

kAmp D:8? ?@H =@42E65 @? E96 D:E6 ?@E6D E96 h` C6D:56?46D 42? 36 FD65 7@C D9@CE\E6C> C6?E2= AFCA@D6D]k^Am

kAm%H@ A6C>:ED 2C6 36:?8 D@F89E 2?5 ?6H :>286D 92G6 366? 4C62E65 C682C5:?8 E96 AC@;64E]k^Am

kAm~?6 A6C>:E H:== 2==@H 7@C 4@?DECF4E:@? @7 E96 D96== @7 E96 7FEFC6 D6G6?\7=@@C 3F:=5:?8[ H9:49 AC6G:@FD=J 925 366? A=2??65 7@C af DE@C:6D] %96 @E96C A6C>:E H:== 2==@H 7@C E96 C2K:?8 @7 E96 ?@?56D4C:AE DECF4EFC6 =2DE 9@FD:?8 !=2K2 pCED]k^Am

kAmpD E96 k6>m!@DEk^6>m C6A@CE65 :? |2J[ 2?5 244@C5:?8 E@ 2 5@4F>6?E DF3>:EE65 E@ E96 |6EC@ !=2??:?8 s6A2CE>6?E[ (962E@?[ x==]\32D65 %a r2A:E2= |2?286>6?E A=2?D 7@C E96 3F:=5:?8 E@ 2=D@ @776C g[_gf DBF2C6 766E @7 4@>>6C4:2= DA246 2?5 f` A2C<:?8 DA246D :? 2 DECF4EFC65 82C286]k^Am

kAm!C6G:@FD=J[ %a 4@?D:56C65 c_d C6D:56?E:2= F?:ED[ `c[ff_ DBF2C6 766E @7 C6E2:= DA246 2?5 2 A2C<:?8 82C286 H:E9 cbh DA246D 9@FD65 :? 2 E@H6C WE@ 92G6 366? 42==65 %C:@X DE2?5:?8[ 2D ?@E65[ af 7=@@CD]k^Am

kAm%a :D FD:?8 r9:428@\32D65 ~z( pC49:E64ED E@ 56D:8? p==68C@] p=D@ A2CE:4:A2E:?8 :D E96 }2D9G:==6 @77:46 @7 #2=6:89\32D65 z:>=6J\w@C?[ H9:49 H:== F?56CE2<6 =2?5\A=2??:?8 2?5 4:G:= 6?8:?66C:?8 5FE:6D]k^Am

kAm%a 6>2:=65 E96 k6>m!@DEk^6>m E92E :D 6IA64ED E@ 36 7:?:D965 H:E9 4@?DECF4E:@? 3J E96 6?5 @7 a_ag]k^Am

kAm#6=2E65=J[ %a :D D6E E@ 368:? H@C< @? E96 C6:?G6?E:@? @7 E96 5@H?E@H? D:E6 @7 E96 3F:=5:?8 AC6G:@FD=J 9@FD:?8 E96 ~=5 $A2896EE: u24E@CJ 2?5 :>A24E65 3J E96 s646>36C a_a_ r9C:DE>2D s2J 3@>3:?8 WC625 k2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^56G6=@A>6?E^3@>3\52>2865\3F:=5:?8\C6923\AC@;64E\D6E\E@\DE2CE^2CE:4=60ha52h543\4fad\ccc5\gcg2\5h23bhebh64g]9E>=Q E2C86ElQ03=2?<Qm96C6k^2mX]k^Am

k9bm!6C>:E :DDF65 C6=2E65 E@ u:7E9 %9:C5 r6?E6C AC@;64Ek^9bm

kAmp A6C>:E E@ 2==@H 7@C :?E6C:@C 56>@=:E:@? 92D 366? :DDF65 C6=2E65 E@ 5@H?E@H?VD u:7E9 %9:C5 r6?E6C 9:89\C:D6 9@E6= 4@?G6CD:@? AC@;64E[ k6> DEJ=6lQ7@?E\D:K6i `aAIjQm}2D9G:==6 qFD:?6DD y@FC?2=k^6>m C6A@CED]k^Am

kAm%96 A6C>:E :D G2=F65 2E S` >:==:@? WC625 k2 9C67lQ9EEADi^^HHH]3:K;@FC?2=D]4@>^?2D9G:==6^?6HD^a_ad^``^`_^7:7E9\E9:C5\46?E6C\?2D9G:==6\9@E6=\AC@;64E\A6C>:E]9E>=Q E2C86ElQ03=2?<Qm96C6k^2mX]k^Am

kAm%96 }2D9G:==6 @77:46 @7 z2?D2D r:EJ\32D65 y]t] sF?? :D D6CG:?8 2D E96 4@?EC24E@C]k^Am

kAm%96 :DDF:?8 @7 E96 A6C>:E 4@>6D E9C66 >@?E9D 27E6C E96 D<JD4C2A6C D@=5 7@C Sdd]ad >:==:@? — Sgh]d >:==:@? =6DD E92? E96 7:8FC6 7@C H9:49 :E 492?865 92?5D D:I J62CD 28@]k^Am

kAmpD E96 k6>m!@DEk^6>m C6A@CE65 2E E96 E:>6 WC625 k2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^56G6=@A>6?E^5@H?E@H?\D<JD4C2A6C\D6==D\7@C\dd\ad>^2CE:4=6065dfa`bb\6g2c\c6a7\3fgh\a6373ah2`54b]9E>=Q E2C86ElQ03=2?<Qm96C6k^2mX[ 2?5 244@C5:?8 E@ 2 s2G:5D@? r@F?EJ #68:DE6C @7 s665D 5@4F>6?E[ E96 ?6H @H?6C @7 E96 r=2DD p E@H6C :D 2 }6H *@C< {{r 277:=:2E65 H:E9 !:G@E #62= tDE2E6 !2CE?6CD WDEJ=:K65 2D “!x'~%”X 2?5 =@42= }2D9G:==6 C62= 6DE2E6 :?G6DE@C #@3 {@H6[ H9@ D6CG6D 2D 6I64FE:G6 >2?28:?8 5:C64E@C 7@C E96 =@42= @77:46 @7 s2==2D\32D65 $EC62> #62=EJ !2CE?6CD]k^Am

kAm%96 D6==6C @7 E96 9:89\C:D6[ =@42E65 2E cac r9FC49 $E][ H2D 2? {{r 277:=:2E65 H:E9 }6H *@C<\32D65 8=@32= AC:G2E6 6BF:EJ 7:C> %96 q=24<DE@?6 vC@FA] %96 {{r A2:5 2AAC@I:>2E6=J S`cc]fd >:==:@? 7@C E96 AC@A6CEJ :? s646>36C a_`h]k^Am

kAmp !:G@E AC6DD C6=62D6 5@6D ?@E ?@E6 E96 ?6H @H?6CD’ A=2?D 7@C E96 E@H6C] w@H6G6C[ k6>m}2D9G:==6 qFD:?6DD y@FC?2=k^6>m C646?E=J C6A@CE65[ 4:E:?8 2 |6EC@ A6C>:E[ E96 9:89\C:D6 :D 36:?8 6J65 7@C 4@?G6CD:@? E@ 2 9@E6= H:E9 ?62C=J d__ C@@>D] s6E2:=D H:== 36 D92C65 :? “E96 4@>:?8 >@?E9D[” E96 C6=62D6 ?@E6D]k^Am

kAm~A6?65 :? `hge 2?5 @776C:?8 ?62C=J ed_[___ DBF2C6 766E @7 =62D23=6 DA246[ E96 b`\DE@CJ E@H6C @776CD 2 A@DE\>@56C? 6IE6C:@C 56D:8? G:2 }6H *@C<\32D65 2C49:E64EFC6 7:C> z@9? !656CD6? u@I pDD@4:2E6D]k^Am

kAm%96 3F:=5:?8 :D 9@>6 E@ E96 C68:@?2= 9625BF2CE6CD @7 r:?4:??2E:\32D65 u:7E9 %9:C5 q2?< 2?5 @776CD 2 8C@F?5\=6G6= $E2C3F4<D] x? |2J[ u:7E9 %9:C5 q2?< 2??@F?465 :E H@F=5 G242E6 E96 E@H6C 2?5 C6=@42E6 :ED }2D9G:==6 9625BF2CE6CD E@ v6C>2?E@H?’D }6F9@77 s:DEC:4E]k^Am

kAm“u:7E9 %9:C5 r6?E6C :D 2? :4@?:4 AC@A6CEJ 2?5 F?:BF6=J 56D:8?65 3F:=5:?8 :? E96 46?E6C @7 }2D9G:==6[” y2C65 w@C@H:EK[ 2 !:G@E A2CE?6C[ D2:5 :? E96 C6=62D6 2E E96 E:>6] “%9:D :D 2 C2C6 @AA@CEF?:EJ E@ @H? 2 AC66>:?6?E AC@A6CEJ 2E 2 32D:D H6== 36=@H C6A=246>6?E 4@DE]”k^Am

kAm%96 u:7E9 %9:C5 r6?E6C C2?<D 2>@?8 }2D9G:==6’D ?:?6 E2==6DE 3F:=5:?8D[ E9@F89 D@FC46D 5@?VE 28C66 @? E96 96:89E @7 E96 DECF4EFC6] %96 r9:428@\32D65 r@F?4:= @? %2== qF:=5:?8D 2?5 &C32? w23:E2E =:DED E96 3F:=5:?8 2E ch_ 766E[ 3FE :E :D F?4=62C :7 E92E 7:8FC6 4@F?ED E96 cd 766E @7 2 36=@H\8C256 A2C<:?8 82C286] ~E96C D@FC46D 4@?E6?5 E96 24EF2= 96:89E :D ccd 766E]k^Am

kAm%96 4:EJVD E9C66 E2==6DE DECF4EFC6D[ 6249 @7 >@C6 E92? d__ 766E[ 2C6 E96 p%U2>Aj% %@H6C[ E96 u@FC $62D@?D w@E6= 2?5 #6D:56?46D 2?5 d_d]k^Am

kAm{@H6 — H9@ :D 2=D@ 2 4@\@H?6C H:E9 }6H *@C<\32D65 {:?7:6=5 r2A:E2= @7 5@H?E@H?VD %96 pC4256 — D2:5 :? E96 C6=62D6 E92E[ 564256D 62C=:6C[ 96 96=A65 3C:?8 u:7E9 %9:C5 q2?< E@ E96 AC@A6CEJ E96? <?@H? 2D E96 $F?%CFDE r6?E6C]k^Am

kAmu@F?565 2?5 =65 3J w@C@H:EK 2?5 q6? $92A:C@[ !:G@E #62= tDE2E6 !2CE?6CD =62D6D 2?5 >2?286D 3F:=5:?8D H:E9 >@C6 E92? a]d >:==:@? DBF2C6 766E @7 4@==64E:G6 DA246]k^Am

k9bm{@?8\A=2??65 s:4<6CD@? !:<6 AC@;64E AC@8C6DD6Dk^9bm

kAmp7E6C >@C6 E92? 7@FC J62CD[ A=2?D 7@C 2 >2;@C s:4<6CD@? !:<6 AC@;64E 92G6 C6DFC72465]k^Am

kAm}6H ~C=62?D\32D65 z6J #62= tDE2E6 r@] :D D66<:?8 7:?2= D:E6 A=2? 2AAC@G2= 7@C 2 >:I65\FD6 56G6=@A>6?E H:E9 ?62C=J b__ F?:ED 2?5 8C@F?5\=6G6= C6E2:= DA246[ k6>m}2D9G:==6 qFD:?6DD y@FC?2=k^6>m C6A@CED]k^Am

kAms6E2:=D 23@FE E96 AC@;64E[ E@ 36 =@42E65 2E `d_d s:4<6CD@? !:<6[ @C:8:?2==J 6>6C865 :? |2C49 a_a` WC625 k2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^56G6=@A>6?E^>:I65\FD6\AC@;64E\6J65\7@C\5:4<6CD@?\A:<6^2CE:4=60aa5g2adc\a355\d7_c\2ed_\_bb6`fh_3`7c]9E>=n08=l`Y@ADI7gY0FAY|"]]Y082Y~spI}sxK};"K{;tb};xd~st_|;|]Y0820eu%{z|')''Y4Ktb};xd~st_|;x<3Kt<+Kt<5stb};xd~st`|K"<2;*HyvHHyv8HY0820c%atq`cfqgY4Ktb};xd~st_|;x<3Kt<+Kp<5stb};xd~st`|K"<2;*HyvHHyv8HQ E2C86ElQ03=2?<Qm96C6k^2mX]k^Am

kAmz6J A2:5 S``]e >:==:@? 7@FC E96 C@F89=J D6G6?\24C6 AC@A6CEJ]k^Am

kAm%96 56G6=@A>6?E :D D=2E65 E@ :?4=F56 aed >F=E:72>:=J C6D:56?E:2= F?:ED 2?5 `_[ba_ DBF2C6 766E @7 C6E2:= DA246]k^Am

kAm%96 |6EC@ !=2??:?8 s6A2CE>6?E H:== G@E6 @? 2 C6K@?:?8 C6BF6DE C6=2E65 E@ E96 677@CE @? s64] `a WC625 k2 9C67lQ9EEADi^^HHH]3:K;@FC?2=D]4@>^?2D9G:==6^?6HD^a_ad^``^`_^7:7E9\E9:C5\46?E6C\?2D9G:==6\9@E6=\AC@;64E\A6C>:E]9E>=Q E2C86ElQ03=2?<Qm96C6k^2mX]k^Am

k9bm$E2CC !:2?@ $F:E6D @A6?D 5@H?E@H?k^9bm

kAmw2==D@? w@DA:E2=:EJ r@] 92D 2??@F?465 E96 @A6?:?8 @7 $E2CC !:2?@ $F:E6D[ 3:==65 2D 2? 9:DE@C:4 =2?5>2C< 2?5 3@FE:BF6 G242E:@? C6?E2= 3F:=5:?8]k^Am

kAm%96 "F66? p??6\DEJ=6 7@C>6C 4@>>6C4:2= 3F:=5:?8[ @A6?65 :? `ggh 2?5 @C:8:?2==J 9@>6 E@ E96 y6DD6 uC6?49 !:2?@ U2>Aj ~C82? r@>A2?J[ 92D 366? FA52E65 E@ @776C 7@FC\365C@@> AC:G2E6 D9@CE\E6C> C6?E2= F?:ED @776C:?8 8F6DED 2 QC2C6 3=6?5 @7 E:>6=6DD 6=682?46[ >FD:42= 9:DE@CJ[ 2?5 >@56C? =FIFCJ]Qk^Am

kAm“%96 $E2CC !:2?@ $F:E6D H6C6 4C62E65 E@ 9@?@C }2D9G:==6’D 2CE:DE:4 =6824J H9:=6 @776C:?8 EC2G6=6CD 2? F?A2C2==6=65 DE2J C@@E65 :? 4F=EFC6[ 56D:8?[ 2?5 9@DA:E2=:EJ[Q qC2?5@? w2==[ 7@F?56C 2?5 rt~ @7 @7 w2==D@? w@DA:E2=:EJ[ D2:5 :? E96 C6=62D6] Q(6’C6 AC@F5 E@ 3C:?8 E9:D A:646 @7 9:DE@CJ 324< E@ =:76 7@C E@52J’D >@56C? 8F6DED]”k^Am

kAm|E] yF=:6E\32D65 $@FE96C? q2?< AC@G:565 2? Sg >:==:@? =@2? E@ E96 @H?6CD] (6==DAC:?8 qF:=56CD H2D E96 4@?DECF4E:@? >2?286C]k^Am

kAm}2D9G:==6 56G6=@A6C p?56CD@? y2C>2? A2:5 Sd >:==:@? 7@C E96 7@FC\DE@CJ 3F:=5:?8[ H9:49 :D =@42E65 2E k2 9C67lQ9EEADi^^HHH]8@@8=6]4@>^>2AD^A=246^ac_Z#6A]Zy@9?Z{6H:DZ(2JZ}[Z}2D9G:==6[Z%}Zbfa`h^obe]`ecbg_b[\ge]fg_fb_b[`fK^52E2lPb>`Pc3`Pc>dPb>cP`D_Iggeceedg`dag73c7i_Iggf22bfa62d34a64Pg>aPb5be]`ecbg_bPc5\ge]fg_fb_bQ E2C86ElQ03=2?<Qmac_ #6A] y@9? {] {6H:D (2Jk^2m Wu:7E9 pG6?F6 }@CE9X :? ~4E@36C a_a` WC625 >@C6 k2 9C67lQ9EEADi^^HHH]?2D9G:==6A@DE]4@>^3FD:?6DD^56G6=@A>6?E^C62=\6DE2E6\?@E6D\5@H?E@H?\3F:=5:?8\C6923\AC@8C6DD6D^2CE:4=6074h6b6a2\_eca\``66\26ha\ebd_hhdc6`33]9E>=Q E2C86ElQ03=2?<Qm96C6k^2mX] y2C>2? C6E2:?D @H?6CD9:A 2?5 :D A2CE?6C:?8 H:E9 w2==D@?]k^Am