Preferred equity. Return varies from project to project, but mostly > 15% (I didn’t participate in all of their previous projects)
Yea, that’s exactly one of the reasons. I have visited their sites more than once before I invested in them. Just a chance to learn more about ground-up development, you can subscribe to their weekly newsletter and follow their progress on different projects. Lot splitting was their niche, but now onto multi-units development.