July 25, 2025 Dear Investors, Underwriters and Friends, The second quarter of 2025 was a mirror of Q1, as we renovated units and executed leases. The net income for the quarter went back into renovating a unit and thus delayed distributions, but it took advantage of the departure of a legacy tenant and now has us standing at 18 of 24 units fully renovated. Meanwhile, a property down the street without much done in the way of renovations and with seven twenty-year old roofs (7

July 25, 2025 Corbin Turrell Real Estate Partnership PO Box 256 West Palm Beach, FL 33402 Dear Investors, The second quarter, like the first, ended with a bang. After ending Q1 by agreeing to sell 510 43rd to a local family office, we went under contract on a new property right at the end of Q2 in order to use the 1031 exchange produced by the Q1 sale. 2701 Avenue E is a 22 unit apartment building in Riviera Beach, just across the bridge from Singer Island and roughly 6 block

May 19, 2025 Dear Investors, Underwriters and Friends, The first quarter of 2025 was one for completing renovations and executing on leases. We experimented with different finishes in our kitchens, which resulted in a slight increase in renovation costs, but also generated a boost to the eventual rental figure. All in, the finishes cost us an additional $1,600 and generated roughly $780 per year in income. Here is a look at the trailing 12 Month income by quarter: After accou

January 20, 2025 Dear Investors, Underwriters and Friends, Year number two of our operations at 5214 Stacy Road was a step in the right direction. Net Income increased from $136,000 in 2023 to $203,000 this past year: After accounting for the capital returned to investors during this year, this constitutes an 8.1% on investor capital. We expect to improve on that in the coming year as we have 9 renovations to complete, with two scheduled to finish in January and February of 2

Dear Investors, The first quarter has come to an end and we are off to an interesting start. Roughly a week before the quarter closed out, we agreed to sell 510 43rd Street to a local family office for $3.1 million. We paid $1.1 million in 2021, took a $715,000 loan on the property (which we invested elsewhere) and made capital improvements totaling roughly $330,000. That gives us an equity basis of approximately $715,000. Once we paid closing costs and our loan of roughly $6

Dear Investors, Underwriters and Friends, This past quarter featured the first distribution from CT Stacy Road, a $750,000 distribution of capital and preferred interest. Total capital calls were $2,800,000, so this distribution represents roughly 26.7% of called capital. Another distribution, of $100,000, was made after the end of the quarter, on 10/1, which took the total distributions to roughly 30.3% of called capital. Here is the trailing 12 month income for each quarter

Dear Investors, Our 3rd quarter continued our march towards stabilization. Wenonah Place is through Mechanical, Electrical and Plumbing, while Australian Pines is through framing and stucco and just starting MEP. Drywall and Durock and Tile are next at Wenonah. We are, as usual, in the tail end of a hurricane season and keeping our collective fingers crossed for a smooth end. As you read this, the majority of activity will have passed as over two thirds of Atlantic activity o

After approximately 21 months, 5214 Stacy Road is essentially stabilized. Our total income has grown now from $24,479 in the first...

The first quarter of 2024 is in the books and we can announce that we successfully completed our project at 3012 Broadway, including the...

Update on Stacy Road investment and some new population growth data for Florida.