Alaia is a 397-acre master planned community in Washington, UT, that is currently 40% sold out with a remaining 892 lots left to sell. One of the partners in Alaia is offering for sale their 15% equity in the Project. Based on current valuations the total sellout value of the remaining lots the 15% position equates to a total net sellout value of approximately $29.98 million. The lots are currently being sold as paper lots to multiple home builders and require no planned additional investment for infrastructure from investors.