Changes at Southern Impression Homes

Dear White Coat Investors,

In times of economic unknowns, we really enjoy getting great news from our business sponsors. Just a couple weeks ago, Southern Impression Homes, parent company of JAX, was acquired by Gehan Homes. Since being acquired by Sumitomo in 2016, Gehan has completed and sold nearly 17,000 homes with 2,700 of those having been completed in 2022 making Gehan the 29th largest home builder in the country. Gehan's parent organization, Sumitomo Forestry, was founded in Japan in 1691 as a mining company with an environmentally conscious approach to business which ultimately led the company to be involved in reforestation and sustainable timber operations spanning the globe. Over Sumitomo's 330-year life, the organization has diversified into a variety of businesses including a worldwide homebuilding operation that delivers more than 11,000 homes annually.

Gehan had been searching to get into the build to rent space for quite some time. And of all the potential partners available, they chose Southern Impression Homes to grow into this lucrative space with.

Southern Impression had the track record:

• Over 1,000 Active Investors
• $637 Million Under Asset Management
• $44 million in Annual Recurring Revenue
• $158 Million in Equity created for their investor partners
• 7500+ New Construction Units developed
• 8200 residents housed
• 170+ Employees
• $182 Million in property sales in 2021

Full disclosure: We have an advertising relationship with Southern Impression Homes, meaning we get paid for making this introduction and sharing this content. Please consider this an introduction and not a recommendation. And as always, be sure to do your own due diligence when looking at this or any other investment opportunity.

In addition to their track record, Gehan liked Southern Impression's presence in Florida and believes Florida real estate has a very strong future.

Gehan Website - www.gehanhomes.com Sumitomo Website - https://sfc.jp/english/

To accomplish a deal like this requires precision, great numbers and a business model that has clear indications of a great future.

Overall, what does this mean for our white coat investor members investing in this Build To Rent venture?

• Better Deals (in Pricing and Quality)
• Better Service
• Better Future

If you were involved in Southern Impression's Income fund, you would have received your initial capital back last week. Along with a VERY healthy final profit share payment. Congratulations!

And if you are already building a rental portfolio of new construction homes with Southern Impression, your support towards success just increased!

CEO & owner Chris Funk will continue to run the day to day operations of the company along with partner Jim Sheils. Both are excited for 2023 and beyond. This recent move has provided them with stronger capitalization and access to better systems and supply chains. It also allows them to give extra focus to their property management division and really "sharpen the saw" in this extremely important facet for your long-term success.

If you're attending WCICON, Southern Impression is one of our two Premier Sponsors. Partner Jim Sheils will deliver a presentation on this new development in their business and what they are doing to provide cash-flowing new construction rentals for white coat investors. Please come meet Jim along with some of his team and start building your own portfolio through their build to rent system.

One update of change:

Moving forward, Southern Impression Homes will no longer be offering Income Funds as an investment option. They will only be providing the opportunity of direct property ownership to our members through their new construction / property management system.

Also JAX, their original sales and client support arm has been absorbed and Southern Impression Homes sales and client support team will be working directly with our members.

Good things lie ahead for WCI and Southern Impression Homes!

To request additional information, get on the Southern Impression Homes email list and more, please click here.

If you are interested in learning more about this build to rent opportunity, click here and schedule a call with Jim Sheils and your dedicated Sales Agent, Jennifer Lucero.

Get to know Southern Impressions today!

Thanks for your time. As always, your feedback is welcome and appreciated.

Jim and Brett

James M. Dahle, MD, FACEP
Founder, The White Coat Investor

Brett Stevens, MBA
COO, The White Coat Investor

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