Deal Terms
Takedowns
o Initial Closing – o 2 nd closing + 150 days – o 3 rd closing + 120 days – o 4 th closing + 120 days – o 5 th closing + 120 days – o 6 th closing + 120 days – o 7 th closing + 120 days – o Remaining closings + 90 days o 8 th closing -
26 SF; 26 TH lots 12 SF; 12 TH lots 20 SF; 32 TH lots 18 SF; 38 TH lots 16 SF; 24 TH lots 8 SF; 36 TH lots 15 SF; 24 TH lots
0 SF; 24 TH lots 29 SF; 0 TH lots 26 SF; 0 TH lots 28 SF; 0 TH lots
o 9 th closing - o 10 th closing - o 11 th closing -
Lot Counts & Phasing: o Phase 1: 94 Lots – 42 SF; 54 TH - includes 4 SF and 6 TH model lots for Forestar o Phase 2: 148 Lots – 54 SF; 94 TH o Phase 3: 107 Lots – 23 SF; 84 TH o Phase 4: 79 Lots – 79 SF; 0 TH o Total: 428 Lots Lot delivery: Anticipated June 2025 – 12 months after expected Development start
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