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