What happens if demand for rural land dries up?

 

We’re seeing extremely strong demand for the ranchettes that we sell. This was also the case during the pandemic and resulting recession and even long before that period. It’s reassuring that demand for our product has far exceeded our ability to meet it across these very different market cycles.

 

If we ever see demand dropping off, we could certainly slow down. In the unlikely scenario where we needed to stop buying, we would finish out current projects and slowly provide investors with preferred returns and a return of their capital over time.

 

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