Mergers & Acquisitions ·
Comstock Holding Companies, Inc. through its subsidiary CHCI Oklahoma Ventures LLC entered into a JV Agreement with…
CHCIComstock Holding Companies, Inc.
Comstock Holding Companies, Inc. through its subsidiary CHCI Oklahoma Ventures LLC entered into a JV Agreement with Eagle Road Oil, LLC to form Oklahoma AI Ventures LLC, a joint venture to develop artificial intelligence and data center campuses in Oklahoma. CHCI Oklahoma holds a 50% interest and is responsible for management, committing to a capital contribution cap of $6,000,000 and potentially up to $5,000,000 for predevelopment. The joint venture includes a distribution waterfall with preferred return of 8.00% and 50/50 split of remaining proceeds. Comstock Holding Companies, Inc. operates in the real estate and infrastructure development sector.