โš ๏ธ JAK Alerts:
Mayfair โ€” Exhibit E from Novak needed (JV blocked) Dallas โ€” GC pricing & land PSA needed from Andy F&F Round โ€” Retain Chase Waters for PPM before soliciting
JAK Development Group
Burns ยท McNeil ยท Heard | Multifamily & Mixed-Use Development
๐Ÿ‘ฅ John Burns ยท Kent McNeil ยท Andy Heard
โš ๏ธ 3 Urgent Items ๐Ÿค– Last updated by Atlas ยท March 30, 2026
๐Ÿ”ด Urgent Items โ€” Action Needed Now
๐Ÿ”ด Mayfair BTR โ€” Exhibit E from Novak (lien disclosures) is the only thing blocking JV execution
๐ŸŸก Dallas McKinney โ€” GC pricing confirmation & land PSA needed from Andy before go/no-go
Active Projects โ€” 3 Projects ๐Ÿค– March 30, 2026
โš ๏ธ JV Not Signed Active
Mayfair BTR
๐Ÿ“ Build to Rent ยท Novak Rivery JV
JV v6 is ready. Exhibit E from Novak is the ONLY thing blocking execution. Andy to follow up.
JV v6 โ€” Exhibit E Pending
Stage: JV Execution65%
JV Pending Active
Radiant
๐Ÿ“ Novak JV Structure ยท Following Mayfair
Novak JV structure in progress. Full buildout follows Mayfair execution.
JV Structure In Progress
Stage: Structuring25%
๐Ÿ†• New Early Stage
Dallas McKinney (3111 Cole)
๐Ÿ“ Uptown / Turtle Creek, Dallas TX 75204
35-unit luxury MF. Strong submarket (98โ€“99% occupied comps). GC pricing & land PSA needed.
TPC $19.98M | YOC 6.66% | IRR 29%
Stage: Due Diligence10%
๐ŸŸข RAISING F&F Round โš ๏ธ PPM First
F&F Equity Round
๐Ÿ’ฐ JAK F&F LLC ยท Mayfair BTR + Radiant Active Adult
Friends & family round raising $1.6M total (~$800K/project) to fund JAK's Initial Development Costs. F&F capital converts to LP position at Construction Closing โ€” pari passu with institutional equity + promote kicker.
~18โ€“22% IRR | ~1.7โ€“1.9x | 10โ€“15% Promote Kicker
Raise Progress: $0 / $1.6M0%