Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 90

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 90
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 fully improved or at least fully approved properties. Fully approved properties
includes those having all the entitlements and permits in hand, and as needed, to post performance guarantees and/or file subdivision
maps, and/or proceed with infrastructure construction, such as utilities, roads and other site improvements. With new construction, we
have adopted this business model to help reduce our exposure to the many risks and costs associated with land development.

As
we come across an outstanding investment opportunity in land development priced at a level that justifies the inherent risks and costs
associated with land development, the Company may contract for, and will bring through the approval process, various types of raw land.
The Company will continue to allocate capital in the pursuit of approvals, since the risk/reward of developmental activity is so great.
It should be noted that we do not generally take ownership of the property until the approval process has been completed, but rather
control the property through contracts and options. In these instances, if we should fail to obtain approvals for any reason, whether
through unsuitability, change of zoning or other factors, our loss shall be limited to the money expended for the approvals to that date.
Our planned business model includes the acquisition, construction, and sale of a variety of residential properties, including construction
of entry-level and first time move-up single-family and multi-family homes.

In
addition to offering traditional stick frame construction of our homes, we may also offer modular and manufactured homes, townhomes and
condominiums.

In
New Jersey, the most effective business model for residential development and construction is targeting the largest current and future
segment of the home buying market, which is primarily first-time and move-up purchasers, as well as homeowners choosing to move or relocate
due to retirement, life change or obsolescence of their existing property.

Our
Markets

Operations
are located primarily in central and southern New Jersey. Principal real estate operations are currently conducted in the central &
southern part of the State of New Jersey, although it is our intention to expand into additional markets based on market demand.

In
our opinion, the southern New Jersey real estate market represents one of the most attractive real estate investment opportunities, with
the greatest opportunity for future appreciation being concentrated in Ocean, Atlantic, Cape May, Monmouth and Middlesex counties. These
areas primarily fall within 1-hour driving time, and serve as “bedroom” communities for, the Atlantic City, New York and
Philadelphia metropolitan areas. In our opinion, the