Class A

Our Class A corporate preferred stock fuels company growth. At StoryBuilt we pride ourselves on designing and building communities with intention. And as a leader in Urban Infill, we also aim to build responsibly and sustainably, with our neighbors and the environment in mind. Our vertically integrated business model allows for an extreme focus on our customers, while our net profits have remained consistent at approximately 15%.

Our portfolio includes single-family homes, condos, apartments, and commercial / mixed-use space that spans across, Austin, Dallas, Seattle, and Denver. Over the past 18 years we have helped over 1000 people live in their favorite neighborhoods.

Thank you for taking the time to consider partnering with us.

Overview

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Corporate Overview

Sales + Construction Updates

Updated: 10 February 2021 | 10:00am CST

2020 SUMMARYSoldClosedSold Backlog
Homes14977137
Revenue$78,854,204$39,308,087$71,078,803
2021 FORECASTSoldClosedSold Backlog
Homes250260150
Revenue$137,000,000$172,000,000$80,000,000

Sales

2021 sales started the year strong with 24 in January and 20 already in February. That combines with a strong H2 of 2020. Sales remain ahead of pace needed for our closing forecast in 2021. StoryBuilt now has 147 buyers and $80MM in sold backlog. Current lead activity and interest levels are the highest we’ve ever seen for all our markets. Our next up presales community, George, has a VIP interest list that topped 800 people. Due to this demand and limited supply, we expect cancellations to remain in line with historic trends and only see muted risk here given the equity buildup on certain communities.

Construction

Starts are in a strong position for 2021. Of the 260 projected universe of closings, 220+ units are already in production. Of the 40 remaining, each one is scheduled to start in next 90 days. Based on construction schedules and sales pace we expect to see the majority of 2021 closings happen prior to Q4, a change from prior years and a welcome hedge against potential delays.

Several new developments will move to production in 2021.

  • Austin: George in Q1 with 116 townhomes/homes. Ellie May in Q2 with 85 townhomes and commercial. Bruno with 42 mirco-unit rentals in Q2/Q3.
  • Dallas: Goose Run in Q1 with 36 homes and later in the year Phase 1 at Jolene.
  • Seattle: Felix in Q2 with 158 rental units. Stanley and Scout to follow later in the year with a combined 35 townhomes.
  • Denver: Judy in Q2 with 26 townhomes. Ozzie later in the year with 90 rental units.

 



Frank. West
Lucy.
North Bluff 3
Meridian
Luma

AUSTIN – Frank. West

Site: 900 S 2nd St, Austin, TX 78704

A community of 23 single-family homes and 7 townhomes set in a grove of mature live oaks. Located just west from our successful Frank. Condo project in central south Austin.

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Construction
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AUSTIN – Lucy.

Site: 3412 Pennsylvania Ave, Austin, TX 78721

27 cottage style single-family homes and a community pool in rapidly growing east Austin. Designed to attract young families and professionals to this eclectic and creative area.

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Construction
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AUSTIN – North Bluff 3

Site: 814 N. Bluff Dr, Austin, TX 78745

The third and final piece in our North Bluff communities. 1 & 2 have sold out. North Bluff 3 is 33 single-family and townhomes with attractive amenities including a private dog park and greenspace. Just 7 miles from downtown Austin.

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Construction
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DALLAS – Meridian

Site: 1229 Clifftop Lane, Dallas, TX 75208

53 clifftop homes in trendy West Dallas. Amazing downtown views. Close to the expanding Trinity River Corridor Project’s hike/bike trails, restaurants and food trucks, and ever-changing neighborhood events.

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SAN ANTONIO – Luma

Site: 102 Tendick Street, San Antonio, TX 78209

43 townhomes in the highly walkable Mahncke Park neighborhood. 1 mile from the beloved Pearl district and 3 miles from downtown. Our architecture team tailored the site for indoor and outdoor living by including a central community greenspace.

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Construction
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