Cavan Companies is the lead investor-developer of 210 units and 256 units new ground-up construction. The Bungalow rental homes are single story built for rent homes within a gated community including Club House, Pool, Dog Wash, Dog Park and Fire Pits. We are currently seeking equity investments of $21,200,000 and $24,500,000 for a total of $47,500,000 of which $13,710,000 (30%) has been reserved for the owner, board of directors and Cavan team members. Permit ready Capital closing June 2024. Financing has already been secured. The anticipated hold period is 3-4 years. With the rise in price of residential homes the Bungalows have become an attractive option for first time home buyers and retiring adults seeking comfortable maintenance free affordable housing. Omaha has a very strong economy diversified recession resistant across multiple industries with a concentration in recession resistant Healthcare and Insurance Industries and is home to seven Fortune 500 companies. Omaha is highly educated with 10 regional colleges including UNMC medical school. Omaha unemployment rate is one of the lowest of all major markets at 2.6%. Household income increased by 6.3% over the past year, the second highest increase among the 50 largest US markets according to CoStar.