Company: DREM
Filing Date: 2025-04-15
Form Type: 10-K
Source: 0001641172-25-004861
Chunk: 88

Company: Dream Homes & Development Corp.
Filing Date: 2025-04-15
Form: 10-K
Item: Item 1
Chunk 88
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Overview
& Nature of Operations

Building
on a history of over 2,000 new homes built and over 400 elevation/renovation/addition projects since 1993, the management of Dream Homes
& Development Corporation has positioned the company to emerge as a rapidly growing regional developer of new single and multi-family
subdivisions as well as a leader in coastal new home and modular construction, elevation, Build to Lease and Improved Lots for Sale.

Dream
Homes continues to pursue opportunities in new single 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 2 new multi-family developments,
which represent a total count of 79 units (of the 303 total units in title or under contract), will be changed from Build For Sale to
Build for Lease. The Company intends to hold these properties upon completion and lease-up for an indeterminate period of time, and realize
the rental income from ownership. This strategy will become a very significant revenue stream for the Company and will become a fourth
division of the Company, behind Finished Lots for Sale, custom new homes