Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 192

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1B
Chunk 192
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 and multi-family home construction, with 5 developments totaling 303 units in title,
or under contract and in development. Dream Homes’ operations include the development and sale of residential communities, construction
of single-family and multi-family homes, Build to Lease and the development and improvement of Finished Lots for Sale to national builders.

New
trends in the real estate market that the Company is actively exploring include Build To Lease properties, as well as developing and
improving building lots and developments to sell finished lots to national home builders. This focus and concentration on building both
single and multi-family developments with the intention to lease or sell them immediately upon completion is being made in response to
several factors. One factor is the extreme shortage of rental properties on the market, not only for first time homemakers, but for retirees,
and young professionals who are unclear as to the intentions of settling in one location. The second factor is the overall lender and
funding source preference to lend to Build To Lease and Improved Lots for sale developments, due to the perception that these two avenues
are a safer investment over the long term. Finally, the extraordinary amount of interest from non-traditional sources such as pension
and hedge funds, insurance companies and venture capital firms to purchase completed new For Lease developments at attractive metrics,
as well as the virtually unlimited demand for improved lots from national builders has spurred a large growth in these market segments.

The
Company has made the decision to change focus to better accommodate these growing trends. Currently most of the Company’s new multi-family
developments, have been or will be changed from Build For Sale to Build for Lease or Improved Lots for Sale. The Company may hold finished
properties upon completion and lease-up for an indeterminate period of time, and realize the rental income from ownership, or sell improved
lots to 3rd party purchasers. This strategy will become a very significant revenue stream for the Company and these avenues
have become third & fourth divisions of the Company, behind new custom single family homes and renovation/elevation projects.

17

Dream
Homes’ operations include the development and sale of a variety of residential communities, including construction of semi-custom
homes, single and multi-family homes and new home Build to Lease and Improved Lots for Sale. Dream Homes will continue to pursue opportunities
in these areas.

Properties
currently owned and either improved or under construction

Berkeley
Terrace – Bayville, NJ – 70 approved townhome units

The
Company has been in title to this property