VictoryBase Corporation Announces Its First Community in Beaufort, SC
Growth-oriented residential real estate investment and tech company acquires its first asset, a 48 single family rental community located in Beaufort, SC
SOUTHLAKE, TEXAS (January 15, 2023) – VictoryBase Corporation, a US-based company committed to providing top-quality housing and a unique pathway to equity ownership, proudly announced the closing of its groundbreaking Windsong Community. Comprising of 48 single-family rental homes, the community is located in Beaufort, SC, and was developed in partnership with Village Park Homes. The community features beautifully designed cottage-style homes, ranging from 1500-2000 square feet, and will cater to three major military installations - Parris Island Training Depot, Marine Corps Air Station, and Naval Air Station Hospital, all within 30 minutes from the community. The establishment of this flagship community marks the first of many future acquisitions that VictoryBase has in its pipeline.
VictoryBase's vision is to revolutionize the real estate industry and serve military markets nationwide by creating a network of homes that service members can rely on every time they relocate. "VictoryBase is an Uber-like change to the real estate industry," explains CEO Tom Paquin. "Our unique approach allows residents to build an equity investment without having to commit to a mortgage, creating an ownership mindset that adds significant value over time. With better residents come improved operating expenses, reduced capex, and a higher operating income that creates more value for all shareholders. We're incredibly excited to pioneer this space."
To further enhance its residents' experience, VictoryBase is developing a proprietary technology app that will equip them with all the necessary tools to manage their homes and act like an owner would. "Technology is a key component of our business model," adds Tom. "Our app provides everything our residents need to manage their home, take care of simple maintenance tasks, and complete monthly checklists to ensure everything is running smoothly. This integration is an integral part of the ownership mindset."
VictoryBase plans to launch its share purchase program in the near future once the SEC approves its Regulation A offering. This mechanism allows residents to purchase shares of the company, and VictoryBase to raise a maximum of $75mm in any 12-month period. These funds will be used to hire a larger team, pursue new deals, improve existing VictoryBase technology, and pay fees for asset and property management. The blended ecosystem will allow VictoryBase to run multiple verticals in an efficient manner, driving even more value for the company.
If you would like to learn about VictoryBase’s upcoming Regulation A financing (available to investors in the United States) and learn how you can become a co-owner of VictoryBase Corporation, join our mailing list here.
About VictoryBase
VictoryBase Corporation offers residents high quality homes with a unique pathway to equity ownership. Our mission is to enhance the quality of life and financial well-being of service members and their families, by enabling them to become shareholders in VictoryBase Corporation. By owning shares in our company, residents can enjoy a long-term investment that supports their financial future. To learn more about our unique ownership program and our high-quality homes, please visit our website at victorybase.com.
Forward-Looking Information
This news release contains statements and information that, to the extent that they are not historical fact, may constitute forward-looking information. Forward-looking information is typically, but not always, identified by the use of words such as "will", "projected", "expected" and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts. Such forward-looking information is based on various assumptions and factors that may prove to be incorrect. Although the Company believes that the assumptions and factors on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that it will prove to be correct or that any of the events anticipated by such forward-looking information will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking information included in this news release is made as of the date of this news release.
For further information
Tom Paquin, Founder and CEO
TPaquin@Victorybase.com
1-817-521-4344
Alyssa Barry, Media and Investor Relations
alyssa@irlabs.ca
1-833-947-5227
