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Company Overview & Performance 2025 A.C. Development is a real estate development firm specializing in infill residential projects, new construction, and community-focused developments. We manage every aspect of the development process, including site acquisition, entitlement, permitting, construction management, and marketing. As a licensed builder, we also perform construction on our projects, emphasizing high-performance, sustainable homes. With expertise in Insulated Concrete Form (ICF) construction, we are a licensed BuildBlock ICF dealer in both Maryland and the U.S. Virgin Islands, delivering durable, energy-efficient homes built to withstand extreme conditions. Our portfolio includes custom homes and infill developments, all designed with modern building practices that prioritize efficiency, sustainability, and resilience. One of our premier projects, The Residences at 340 North, is a master-planned, 11-acre community on St. Thomas in the U.S. Virgin Islands. This development includes 80 residential units—28 twenty-foot-wide townhomes, 34 twenty- four-foot-wide townhomes, and 15 single-family homes—designed for modern, disaster-resilient living with features such as ICF construction, smart home automation, and net-zero-ready capabilities. In addition to our owned projects, A.C. Development provides consulting services for large-scale Planned Unit Developments (PUDs) and mixed-use communities in Maryland, Florida, and West Virginia. Our consulting work includes leading multidisciplinary teams, coordinating with government agencies and local jurisdictions, securing zoning approvals and funding, and managing engineering teams to create development improvement plans. We also collaborate with national homebuilders to manage and deliver vertical construction, ensuring the successful completion of residential communities. This comprehensive approach allows us to transform land into vibrant, high-performing communities that meet market needs and enhance long-term value. About Us Project Overview – 705 S Decker Ave. Baltimore, MD Project Details Asset Class: Townhome Type: Home Renovation Year Built: 1910 Size: 1,390 sq. ft. Layout: 3 bedroom x 3 bathroom Acquisition: February 6, 2023 Purchase Price: $150,000 Sold: August 10, 2023 Price Sold: $447,000 Time on Market: 1 day Renovation Scope - 2-Story Roof Top Deck - Extension of building footprint - Interior Painting - Exterior Painting - HVAC Installation - Framing - Drywall - Insulation - Electrical - Plumbing Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Project Specifics Location Map Project Overview – 705 S Decker Ave. Baltimore, MD 4 Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Before After Project Overview – 2238 E Bank St. Baltimore, MD 5 Project Details Home Type: Townhome Type: Home Renovation Year Built: 1910 Size: 1,590 sq. ft. Layout: 3 bedroom x 3 bathroom Acquisition: February 2, 2021 Purchase Price: $124,000 Sold: February 11, 2022 Price Sold: $325,900 Time on Market: 13 days Renovation Scope - Basement Underpinning - 2-Story Rear Addition - Interior Painting - Exterior Painting - HVAC Installation - Framing - Drywall - Insulation - Electrical - Plumbing Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Project Specifics Location Map Project Overview – 2238 E Bank St. Baltimore, MD 6 Before After Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Project Overview – 2103 Summit Ave Baltimore, MD 7 Project Details Asset Class: Single Family Residential Type: Home Renovation Year Built: 1973 Size: 1,900 sq. ft. Layout: 4 bedroom x 3 bathroom Acquisition: March 11, 2021 Purchase Price: $110,000 Sold on: August 6, 2021 Price Sold: $275,500 Time on Market: 2 days Renovation Scope - Basement Waterproofing - Roof Repair - Interior Painting - Exterior Painting - HVAC Installation - Framing - Drywall - Insulation - Electrical - Plumbing Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Project Specifics Location Map Project Overview – 2103 Summit Ave Baltimore, MD 8 Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Before After Project Overview – 4310 N Rogers Ave Baltimore, MD 9 Project Details Asset Class: Single Family Residential Type: Home Renovation Year Built: 1955 Size: 1,635 sq. ft. Layout: 3 bedroom x 3 bathroom Acquisition: June 21, 2021 Purchase Price: $81,000 Sold on: January 31, 2022 Price sold: $277,500 Time on Market: 12 days Renovation Scope - Large Deck - Interior Painting - Exterior Painting - HVAC Installation - Framing - Drywall - Insulation - Electrical - Plumbing Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Project Specifics Location Map Project Overview – 4310 N Rogers Ave Baltimore, MD 10 Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Before After Project Overview – 1618 & 1620 McHenry St. Baltimore, MD 11 Project Details Asset Class: Single Family Residential Type: Infill Construction Year Built: 1920 Size: 1,800 sq. ft. Layout: 3 bedroom x 2.5 bathroom Construction Scope Development Consultant • ICF Foundation and Stem walls • Construction Oversight Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Project Specifics Location Map Project Overview – 1618 & 1620 McHenry St. Baltimore, MD 12 Scanlan Farm60 acres Sharp 165 acres Construction Overview Project Overview – 13231 Mockingbird Lane Bowie, MD 13 Project Details Asset Class: Single Family Type: New Construction Size: 4,500 sq. ft. Lot: 0.46 acres Layout: 5 bedroom x 4 bathroom Acquisition: January 2023 Purchase Price: $85,000 Construction Start: September 2023 Sold on: July 2024 Price sold: $924,900 Time on Market: 3 days Construction Scope - Site Selection - Engineering and Building Plans - Permitting and Approvals - Site Preparation (Clearing, Grading, Layout) - ICF Foundation and Exterior Walls - Mechanical, Plumbing and Electrical - Insulation and Drywall - Finish Work - Exterior Work - Landscaping Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Project Specifics Location Map Project Overview – 13231 Mockingbird Lane Bowie, MD 14 Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Construction Overview Project Overview – 4615 Deer Park Rd Owings Mills, MD 15 Project Details Asset Class: Single Family Type: New Construction Size: 4,500 sq. ft. Lot: 1.11 acres Layout: 5 bedroom x 4 bathroom Acquisition: October 24, 2023 Purchase Price: $125,000 Construction Start: October 2024 Estimated Sale Price: $950,000 Estimated Completion: April 2025 Construction Scope - Site Selection - Engineering and Building Plans - Permitting and Approvals - Site Preparation (Clearing, Grading, Layout) - ICF Foundation and Wood Exterior Walls - Mechanical, Plumbing and Electrical - Insulation and Drywall - Finish Work - Exterior Work - Landscaping Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Project Specifics Location Map Robinson 240 acres Project Overview – 4615 Deer Park Rd Owings Mills, MD Scanlan Farm60 acres Sharp 165 acres In Progress Project Overview – Southfields of Elkton: Elkton, MD 17 Project Details Subject: PUD Mixed-Use Development Type: Land Development and Infrastructure Construction Construction Start: October 2023 Construction Completion: February 2025 Construction Cost: $14,000,000 Scope of Work Development Consultant • Manage Entitlements • Special Tax District (Bond of Public Improvements) Construction Management $3.5 million 600,000gal Water Tower $10.5 million site infrastructure (Water, Sewer, Pump Station, & Roads) Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres PROPOSED PROPOSED FACILITY FACILITY (IN DESIGN) (IN DESIGN) PROPOSED PROPOSED FACILITY FACILITY (FUTURE) (FUTURE) TOWN OF ELKTON OPEN SPACE E X . A U G U S T I N E H E R M A N H I G H W A Y ( M D - 2 1 E X . A U G U S T I N E H E R M A N H I G H W A Y ( M D - 2 1 E X . F R E N C H T O W N R O A D E X . F R E N C H T O W N R O A D I +/- 229.4 ACRES +/- 229.4 ACRES EXISTING EXISTING FACILITY FACILITY F +/- 47.41 ACRES +/- 47.41 ACRES G +/- 3.60 ACRES +/- 3.60 ACRES E X . W H I T E H A L L E X . W H I T E H A L L E X E X HOLLY HALL ELEMENTARY SCHOOL C +/- 66.30 ACRES +/- 66.30 ACRES D +/- 23.09 ACRES +/- 23.09 ACRES D1 D1 +/- 10.05 ACRES +/- 10.05 ACRES E +/- 20.78 AC +/- 20.78 AC E.1 E.1 +/- 5.31 AC +/- 5.31 AC E.2 E.2 +/- 8.47 AC +/- 8.47 AC E.3 E.3 +/- 7.00 AC +/- 7.00 AC F.1 F.1 +/- 4.30 AC +/- 4.30 AC H +/- 49.60 ACRES +/- 49.60 ACRES E X . W H I T E H A L L R O A D E X . W H I T E H A L L R O A D WATER TOWER WATER TOWER Project Specifics Location Map Robinson 240 acres Project Overview – Southfields of Elkton: Elkton, MD Scanlan Farm60 acres Sharp 165 acres Construction Overview Project Overview – The Preserve at Southfields: Elkton MD 19 Project Details Subject: Residential Subdivision Type: Land Development Anticipated Start: March 2025 Estimated Completion: March 2027 Estimated Construction Cost: $9,000,000 Size: 60 acres Scope of Work Development Consultant • Manage Entitlements • Liaison with DR Horton • Pro Forma Modeling Construction Management • $9 million site development (Water, Sewer, Roads, Lot Grading) • Sell finished lots to DR Horton for vertical construction Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Project Specifics Location Map Project Overview – One Westport: Baltimore, MD 20 Project Details Subject: PUD Mixed-Use Development Type: Land Development and Infrastructure Construction Construction Start: July 2024 Estimated Completion: June 2025 Construction Cost: $8,000,000 Size: 42 acres Scope of Work Development Consultant • Manage Entitlements • Public Park Organization • Shoreline Restoration Construction Management $9 million site infrastructure (Water, Sewer, Pump Station, & Roads) Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres 3,200’ 400’ 700’ 1,650’ 14.5 Acres ONE Westport Development 42 Acres (11.7 Acres Open Space) 4.7 Acres Private Development - Open Space Private Development BCRP BDOT Mayor & City Council Middle Branch Westport Cherry Hill Ridgely’s Cove Kloman St. BGE Spring Garden Project Specifics Location Map Robinson 240 acres Project Overview – One Westport: Baltimore, MD Scanlan Farm60 acres Sharp 165 acres Progress Timeline Project Overview – Hurricane, West Virginia 22 Project Details Subject: Planned Residental Development Type: Land Development Development Start: October 2024 Estimated Completion: January 2026 Estimated Site Development Cost: $7,000,000 Size: 76 acres Scope of Work Development Consultant • Manage Entitlements • Engineering Oversight • Liaison with Putnam Development Authority • Liaison with National Home Builders (DR Horton) • Pro Forma Modeling Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Project Specifics Location Map Project Overview – Ocala, Florida 23 Project Details Subject: Mixed-Use Development Type: Land Development Development Start: November 2024 Estimated Completion: March 2026 Estimated Construction Cost: $30,000,000 (Residential Phase) Size: 249 acres Scope of Work Development Consultant • Manage Entitlements • Engineering Oversight • Liaison with National Home Builders (DR Horton, Lennar, NVR) • Establish CDD (Community Development District) • Pro Forma Modeling Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres I-75 Project Specifics Location Map Project Overview – The Residences at 340 North: USVI 24 Project Details Subject: PAD – Residential Development Type: Land Development and Infrastructure Construction Anticipated Start: July 2025 Estimated Completion: December 2026 (Phase 1) Construction Cost: $35,000,000 Scope of Work Master Developer A.C. Development is addressing the critical need for affordable housing in the U.S. Virgin Islands through The Residences at 340 North, an 11-acre site on St. Thomas with 80 residential units, including 28 twenty-foot-wide townhomes, 36 twenty-four-foot-wide townhomes, and 16 single-family detached homes. Phase 1 focuses on 21 units, with 9 units reserved for moderate-income households in the 80–120% Area Median Income (AMI) range, aligning with Virgin Islands Affordable Housing Program standards. The development emphasizes modern, sustainable, and disaster-resilient living, featuring ICF construction for durability, high-performance windows, smart home automation, and energy-efficient appliances. Homes are net-zero-ready, with the capability to integrate solar panels and battery storage systems for enhanced energy efficiency and resilience. Robinson 240 acres Scanlan Farm60 acres Sharp 165 acres Project Specifics Location Map Robinson 240 acres Project Overview – The Residences at 340 North: USVI Scanlan Farm60 acres Sharp 165 acres Development Overview