What changed in this filing

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Item 2. Properties

2025-03-31 compared with 2024-04-01 · 43 added, 16 removed, 13 unchanged (82% of the section changed)

Our executive offices are located at 4800 Montgomery Lane, Suite 210, Bethesda, MD 20814, and our telephone number

is (301) 971-3955.

executive offices are located at 4800 Montgomery Lane, Suite 210, Bethesda, MD 20814, and our telephone number is (301) 971-3955.

Lakes at Black Oak property is located in Montgomery County in Magnolia, Texas.

5 unchanged sentences

The Company has sold off residential lots at this location.

CCM Black Oak

Ltd is the primary developer responsible for all infrastructure development.

This property is included in Harris County Improvement District

150 CCM Black

is the primary developer responsible for all infrastructure development.

This property is included in Harris County Improvement

District #17.

Company has retained four model lots within Section 1 of the property.

The Company intends to enter into contract-build agreements with

local, regional or national builders to construct single-family, for rent homes.

These elevations and floor plans will be carefully selected

to suit the for-rent tenants and/or for-sale customers.

The Company will also reserve the right to sell these homes in the event this

is deemed to be the highest and best use in the marketplace.

The Company expects to complete these homes within the next twelve months.

2021, our subsidiary Alset EHome Inc.

acquired approximately 19.5 acres of partially developed land near Houston, Texas which will be

used to develop a community named Alset Villas (“Alset Villas”).

Alset EHome is developing 63 lots at Alset Villas.

63 lots is pending closing of a Contract for Purchase and Sale and Escrow Instructions, entered into by the Company’s subsidiary

150 CCM Black Oak, Ltd.

and Century Land Holdings of Texas, LLC on November 13, 2023.

acquired approximately 19.5 acres of partially developed land near Houston, Texas which was used

to develop a community named Alset Villas (“Alset Villas”).

Alset EHome Inc.

was developing 63 lots at Alset Villas during

On November 13, 2023 Alset EHome Inc.

entered into a Contract for Purchase and Sale and Escrow Instructions with Century Land Holdings

of Texas, LLC for the sale of all 63 lots.

The sale closed in December of 2024.

in Single-Family Residential Properties

2021 and 2022 the Company signed multiple purchase agreements to acquire 132 homes in Montgomery and Harris Counties, Texas.

31, 2022, the acquisition of the 132 homes was completed with an aggregate purchase cost of $30,998,258.

the first 96 of the 112 rental homes that were acquired, as a part of our commitment to advancing smart and healthy sustainable

living, we installed Tesla PV solar panels and Powerwalls.

In addition, we added technologies at many of the single-family rental

homes such as (i) smart solar, thermostat, and energy usage controls;

the first 96 of the 132 rental homes that were acquired, as a part of our commitment to advancing smart and healthy sustainable living,

we installed Tesla PV solar panels and Powerwalls.

In addition, we added technologies at many of the single-family rental homes such

as (i) smart solar, thermostat, and energy usage controls;

(ii) smart lighting controls;

(iii) smart locks and security;

and (iv) smart home automation devices.

and (iv) smart

home automation devices.

We believe these and other technologies will be attractive to renters.

of Model Houses

May 2023, the Company entered into a lease agreement with Rausch Coleman Homes for one of its model houses located in Montgomery County,

The lease was terminated in February 2025.

Management intends to procure a new tenant to occupy the premises after the office

used for real estate sales is converted back to a garage in first quarter of 2025.

July 14, 2023, 150 CCM Black Oak, Ltd.

entered into a model home lease agreement with Davidson Homes, LLC (“Davidson”).

August 3, 2023, 150 CCM Black Oak, Ltd.

entered into a development and construction agreement with Davidson Homes, LLC to build a model

house located in Montgomery County, Texas.

On January 4, 2024, 150 CCM Black Oak, Ltd.

sent $220,076 to Davidson as reimbursement

for final construction cost and the contractor’s fee.

The model home lease commenced on January 1, 2024, the lease term is twenty-four

(24) full months and annual base rent equals to twelve percentage (12%) of the total of the final cost of construction and the contractor’s

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 2. Properties