VictoryBase RE LLC Ready to Go Vertical in Panama City, Florida
VictoryBase has completed the horizontal development of 74 lots in Panama City, FL and is prepared to begin vertical construction in the next 3 months.
SOUTHLAKE, TEXAS (March 31, 2023) – VictoryBase RE LLC, an affiliate company of VictoryBase Corporation that acquires, develops, and stabilizes residential real estate assets, is excited to announce the completion of horizontal development on 74 single family residential lots located in Panama City, Florida. The completion marks the start of the vertical construction phase, where homes will be built and prepared for occupation. This is one of many milestones for VBRE, and creates an opportunity for additional assets that may be contributed into VictoryBase Holdings at the discretion of management. The land site also has room for 60 more additional lots, which may be developed out in 2024. Once complete, VictoryBase RE LLC will have 134 brand-new single-family homes ready to support the surrounding community.
"This achievement is a testament to the hard work and dedication of our team at VictoryBase RE LLC. We are excited to continue our growth and contribute additional assets into VictoryBase Holdings at the discretion of management. We look forward to bringing 134 brand-new single-family homes to the community, creating a positive impact, and supporting the surrounding area” says John Sharkey, the COO of VictoryBase.
Our community will feature a variety of layouts, including 2, 3, and 4-bedroom homes, designed to meet the needs of both military personnel from Tyndall AFB and other residents of Bay County. With a range of options available, we aim to provide comfortable and modern living spaces that cater to diverse lifestyles and preferences.
Should this asset be contributed into VictoryBase Holdings at some point in the future, the residents will have access to VictoryBase’s EquityBase program, allowing them to live in the homes and invest into VictoryBase Corporation on a monthly basis.
About VictoryBase
VictoryBase RE, LLC (VBRE) is a real estate firm specializing in the development and acquisition of properties in proximity to U.S. military bases and other relevant markets. VBRE collaborates with various partners to secure these properties. Through different arrangements, VBRE contributes select properties to VictoryBase Holdings, LLC (Holdings) in exchange for cash and/or units. Holdings is managed by VictoryBase Corporation. The decision to contribute properties to Holdings is based on the strategic goals of both VBRE and Holdings as they work to develop and manage appropriate properties. For more information on VictoryBase Corporation and its affiliated companies, please consult the VictoryBase Corporation's SEC Form 1-A filing.
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.
VictoryBase is strategically designed to improve the quality of life and financial future of services members and their families by offering ownership of VictoryBase Corporation to residents, thereby allowing residents to own shares they can keep as a long-term investment. Learn more 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
