Piece 3: Manuscript with Footnote Davianna Francis 3M

1 November, 2023

PRIME PROPERTY REAL ESTATE

BI-ANNUAL REPORT OF COMPANY’S PERFORMANCE

FIRST QUATERLY TRENDS AND PERFORMANCE

The first quarter of the year was marked by a rise in the number of buyers on the market,
which is often the case, as people are trying to accomplish New Year’s resolutions which
often involves owning a home. This resulted in a buyer’s market, bumping prices by up to
20% of their actual market value, two months prior.

Residential Sales

Prime Property Real Estate sold a total of 250 residential units within the first three moths of
the year, resulting in commissions of six million dollars. The properties sold in this period
were mainly listed on the open market within a range of $8,000,000 and $14,000,000. Some,
on the lower end were fixer-uppers, while the upper ends were new builds from New Era
homes and the National Housing Trust.

Commercial Sales

The performance of properties on the commercial real estate market are usually lower than
residential, considering the company is new in this niche. Income from commercial sales
accounted to $3,000,000 commission from the 16 properties sold.

Second Quarterly Trends and Performance

The second quarter saw a remarkable increase in sales commissions from both the sale of
residential and commercial properties. This quarter has been the best performing over the past
five years. This may be attributed to the increase in National Housing Trust mortgage
benefits from 6.5 million up to 8 million dollars and the implementation of 100% financing
for National Housing Trust Housing. 1

Residential Sales

The company has sold over 600 residential properties over the second quarter of the year,
which marks the most sales ever accomplished within any quarter. This included over 400
units from the National Housing Trust, 150 from unaffiliated developers2, and fifty from the
open market. Considering the overall performance of the real estate market, the company has
earned over $15,000,000 during this period.

Commercial Sales
1
This financing is based on income and is not available to all National Housing Trust
contributors.
2
Gore Homes, New Era Homes, Ashtrom and John Thom Construction
Commercial property sales have earned the company a total of $8,000,000 in this quarter.
This niche continues to under perform in comparison to residential sales. This may be due to
varying factors, the obvious of which is3; the market is naturally saturated with residential
properties. There were over 45 commercial properties that were sold within this quarter.

21 September, 2023

By Order of the Board of Management

Faith Howell
Senior Accountant

3
Statistics have shown that of 100% sales of properties an average of 70% is normally
residential, while the remaining 30% constitutes that of commercial sales