Institutionalizing & Syndicating Real Estate Projects: A Deep Dive into Barn Caves | Webinar E36

Join Ryan Garland, Founder and Chairman of Paradyme, Steven Biegel, AIA, the architect behind the Pentagon's remodel, and Rob Sampson the main architect behind the Barn Caves project, for an exclusive live webinar. Learn how to institutionalize and syndicate your real estate projects while exploring the Barn Caves development and its investment potential.

During this session, we'll cover:

• The intricacies of structuring and syndicating large-scale real estate developments
• Why Barn Caves' unique design and features support investment growth
• Key strategies for institutional investors in real estate
• Insights into the architectural and investment aspects that make Barn Caves a standout opportunity

Whether you're new to real estate syndication or a seasoned investor, this webinar will provide valuable insights into how institutionalizing your project can unlock new levels of success. Don't miss out on this opportunity to explore how Barn Caves aligns with these strategies!

Paradyme

Episode Transcript

SPEAKER_00 (00:40):
Okay, everybody, Ryan Garland here, founder and
chairman of Paradigm.
Thank you so very much forjoining today.
As you know, I always say this,I'm excited to bring on two of
the most powerful hitters forParadigm.
These are my architects.
And the idea for today is toshare with you a little bit more
of a deeper dive in what ittakes to do and plan and design

(01:01):
a project in real estate to beable to go out to investors, go
out to banks, institutions,private equity, private credit,
family office, to be able tosuccessfully raise the capital
that's needed to be able tobuild and develop these
projects.
And there's no there's no uhshortage in the volatility of
the market and the conversationwe can go into.

(01:22):
But really at the end of theday, what people are needing is
clarity and transparency to beable to understand that we know
what we're getting ourselvesinto.
And so ultimately, really beingable to articulate to your
clients, your investors, youknow, how these things are
designed, um, the planning thatit takes to get in there, the
budgeting that it takes.
I mean, obviously, we can diveinto construction concerns and

(01:44):
costs and tariffs, and the listgoes on.
But when you have groups thathave ridden these waves for
many, many years, I'm not tryingto say uh our our uh Mr.
Gray haired guy over here hasbeen through it a lot.
It's not no, there's no he looksyounger, by the way, than he
really is.
I have to tell you, he's he'sone hell of a stud when you see
him in person.
But um, you know, we've all beenthrough it, right?

(02:05):
And that at the end of the day,that's what people want to see.
So when you look at the combinedexperience uh of these of these
two gentlemen, along withmyself, it really allows you to
feel more comfortable about howyou need to navigate the market,
but again, also uh present agood presentation for people to
for consideration to getinvolved.
So I am going to show a quickvideo, and what we'll do is
we'll just kind of open up thegates for for Steven.

(02:27):
We'll start with you um just totalk a little bit about your
background, and then this video,guys, is really our animation
video of the barn caves overall.
So, for those of you thathaven't seen this yet, I think
you'll appreciate the the uhdesign work that it went into
just to kind of get thisanimation out because ultimately
this is what it will, for themost part, look like, except for
the gym.
We are gonna have a little bitof a different elevation.

(02:49):
Uh, we do actually have aparking structure, the site
isn't as flat as this, but youknow, talking to uh uh artists
on how the site's supposed tolook is almost impossible to get
these guys to really create theexact look of what the project
will will be.
And then I'm gonna again, whatI'm gonna do is I'm gonna kind
of go in between these gentlemenas they talk about you know the
design of this project.

(03:09):
I'm gonna stop in between thatand then talk about how we are
taking this and then going tomarket and raising capital and
uh and then implementingtransparency for people.
So uh again, that's the wholepoint to this uh this uh webinar
today.
So here we go, guys.
And then Steven, I'll go aheadand open up to you, my friend,
and uh please share a little bitabout your background, and that
would be absolutely killer.

SPEAKER_02 (03:31):
Thank you.
And it's a pleasure to be here,Ryan.
Uh I'm enjoying the stage withboth Ryan and Rob.
Rob's ideas that went into thefoundational framework of the
Barn Caves are are you know kindof critical to this whole thing,
and we'll get into those indetail.
But Stephen Beagle, architect,uh, it's nice to be here.
Uh 46 years doing this.

(03:52):
Hard to, it's a really hardthing to admit.
46 years doing it.
My uh one of my projects thathas been broadcast by Paradigm
is the Pentagon renovation.
So from 1996 to 2001, I was incharge of the Pentagon, which
was a major undertaking.
And um, I can go into all kindsof details about what the Corps

(04:14):
of Engineers does and what theDepartment of Defense does, but
I'll I'll forego that.
What's important here are theinnovations that we have
included in the barn cave designand in the gym.
These are you know reallycutting-edge uh technologies.
We have taken technologies fromother industries, from fire

(04:36):
suppression, from the types ofglass, from siding details, and
we have incorporated them intowhat is a fairly simple concept.
The barn cave conceptually issimple.
It's it's a box, but it's a it'sa very special box.
It frames out to out, it bearsout to out, it tries to free up

(04:59):
as much open space in the centeras can be in a 28 by 76 module.
And the idea is that the theinterior walls are flexible, so
anybody who invests in a barncave gets the lower level for
all the toys, and gets the upperlevel with a very flexible frame

(05:20):
to relocate walls and and youknow specialize the
construction.
So we're as we go through this,you're gonna see that uh things
like glass floor panels uh thatwill allow you to look down from
the living level into the lowerlevel, which is an interesting

(05:43):
thing because normally there's afire separation of one hour
between anything containing fueland the living space above.
We solved that problem.
We found the the right formulafor interior views of your lower
level, the upper level is uh isuh flexible, the walls can move,

(06:06):
uh your framing is out to out,half 28 feet wide.
The interior walls can move.
So fire suppression systems,which are critical to this kind
of structure where you have fuelinside a building, but the fire
suppression system is robotic,it senses where the smoke is
coming from, it senses where theproblem is, and it rotates

(06:28):
around and directly hits hitsthe target with uh whatever it
needs to whatever it needs togo, whether it's water or halon
or whatever.
So then pneumatic elevators, wehave those involved here where
the vertical circulation in theform of an elevator is no longer

(06:48):
needing to have a hoist bar or aa hydraulic uh pump.
It has it's pneumatic, so it's avacuum system.
So those are the kinds of ideasthat we've incorporated into the
barn caves, even the flooringsystem.
We've modularized the flooringsystem to include uh a hydro a

(07:14):
uh polycarbonate material thatallows us to go um with a
specific size, say four bytwelve, and you place the floor
panels uh into the floor systemin a very methodical way, but
it's it's it's polycarbonate andit um it doesn't weigh very

(07:34):
much, it's lightweight, and it'sit's not sophisticated, but but
it's it's intended to be simpleso that we can systematize the
entire construction system.
And with that, you know, jumpin, Rob, talk about you and
yours.

SPEAKER_00 (07:54):
Hold on, before before we do, if everyone's
looking at the video, hold onone second, Rob, I'll give you
the floor.
Sorry.
If everybody's watching thevideo, what I what the whole
point was for this that part ofthe video is to show where the
site is, as far as the barncaves, according to the mall,
where you have 730,000 squarefeet of retail.
The reason why it's always aboutlocation, and then if you guys
were looking at the video acrossthe way there, you'll see that

(08:17):
there was actually a um uhairport, and there's a lot of
development up in the area.
And and Rob was going to tellyou about all that development
that's going on in the area.
However, the reason why I wantedto highlight that is because
when you're working withinstitutions or investors, what
you were trying to identify isfuture growth and demand.
And ultimately that's the mostimportant live, work, play.

(08:38):
Um, let's say a lot of thequestions that I get are what
happens if the market were tocrash, or depending on the
elections, or you know, cost ofliving still high, interest
rates, the list kind of goes on.
Well, if you're looking at areaswhere you can, you have it's
anchored by a grocery store, yougot Walmart there, you know,
it's just around the corner.
Your cost of living can go down.
Um, and there's a lot of otherdifferent features, but these

(08:59):
are the things that you know alot of investors and
institutions are going to lookat uh when you're in essence
designing your capital stack.
For example, you know, those ofyou that know, paradigm storage
is right next door to this.
It's 225,000 square feet.
I am in fact in my office atthat project.
And uh the the idea to to uh toum highlight these things is

(09:24):
because we are right nowactively working with the head
of private credit at JP Morganto give us a$100 million line of
credit to build these projectsthroughout the country.
But before you do that, you guyscan see the sophistication and
the planning that it takes to beable to get this job done.
When you're working with a uh alarge institution, they're gonna

(09:45):
have their own analyst and theirconstruction analyst, and
they're gonna want to know whatit is we're doing and how we're
building these things, andthey're gonna want to see the
resumes behind the people thatare designing it and what you
need to do to narrow down yourbudget because once you have
your construction financing,you're not gonna go back to the
lender and say, oh, we're we'reuh we're way over budget.
And if that's the case, you orthe investors have to come out

(10:07):
of out of your LP partners haveto come out of more pocket uh
out of pocket with that capital.
So now you're doing capitalcalls and kind of creating some
strain on your own clients andyour investors, and that's what
you're trying to hedge against,but also stay on budget and
timelines.
So, really, the it's it's very,very important that you are
planning your developmentaccording to exactly all the

(10:29):
stuff that Steven brought upbecause you have approvals that
are required.
Again, firewalls, all the firesuppression, you know, all of
these things really matterbefore you can get approvals
with the city.
And that's one of the reasonswhy Rob's going to be talking
here in a second.
But those are the things thatyou have to, if you're in my
shoes, you have to pulltogether, and all those stars
have to align before you canreally go to market to start

(10:49):
raising the capital.
Because without knowing yournumbers, you're you're in
essence just throwing stuff upin the air.
So you really need to have theability to pull this together.
So, with that said, uh sorry tobreak that up, but Rob, go
ahead, buddy.
Let's talk a little bit aboutyour background and how good
your head looks today.

SPEAKER_01 (11:05):
Hi, thanks, buddy.

SPEAKER_00 (11:06):
Nice and shiny.
You look great, buddy.
I just want to let you know.

SPEAKER_01 (11:09):
It's uh obviously my pleasure to be here as always.
Uh sharing stage with Ryan andStephen is uh always a learning
experience for me as well, aslong as I've been in uh in this
business.
So my name's Rob Samson withSaltberg Associates.
I've been in uh vice presidentuh for seven years, been with
the company for 26 years in uhLake Havasu City.
It's uh I had my family in townhere this past weekend, and I

(11:31):
took them around and at 47 uhyears old, I took them around
and showed them all the projectsthat we did.
And I'll be honest with you,it's humbling at times uh just
to see how many things we'vebeen able to accomplish uh in
the area and uh being able to doso, a lot of the stuff that we
looked at when we were touringaround was on the north side of
town near Paradigm Storage andstarting with paradigm storage,

(11:53):
that's where uh Ryan and myselfcame to uh know each other and
we uh put together a successfulstorage complex.
But the one thing that we kepthearing about in these storage
complexes, I mean, Eric uhGodalia from uh Godalia Real
Estate had called us a couple oftimes saying, Rob, I these guys
really want to put a one-bedroomunit in these storage units.
Like, can we do it?
And I get to have to tell himno.

(12:15):
And you know, knowing uh howpower powerful Eric is, I always
hate to be the pair of bad newswith him for fear that he'll go
to someone else that may tellhim the same thing.
So we uh we kept telling themthat.
And this was kind of thisproject kind of spurred from
that conversation as there wasavailable real estate uh
adjacent to paradigm storage, sothey already had familiarity
with the location, and it turnedinto what if we did a big

(12:38):
storage unit and just added someresidential on top?
Is there a market for this?
And and I don't mean to speak onbehalf of Eric, but he'll tell
you there was.
And uh you know, there's been alot of interest.
I know you guys have been heresending out information on a
daily basis regarding thesethings.
So the next challenge that weended up with is how do we how
do we one start this project?

(12:59):
Two, how do we take somethingthat's that's really a good idea
and turn it into a great idea?
That's where uh Stephen Beaglecomes in and and he's gonna help
the thing go nationwide.
I know Ryan you'll talk a littlebit about that as we go along,
but it has been uh exciting tobe a part of where this is
going.
And we just received ourapprovals from city council for
both Jim and the Barnard Caveson March 11th, and it was

(13:21):
unanimous.
And it's because the city hasgreat vision, much like the
ownership has great vision.
This project is going forwardand it is an unstoppable machine
right now, which is a great,great to be a part of.

SPEAKER_02 (13:33):
Yeah, you know, Rob, that's a perfect lead-in to the
the the idea of systematizing uhthe barn cage.
We've talked for many monthsnow, you you and I and Ryan,
we've gone back and forth on howto simplify the construction
techniques that go into this.
It is a box.

(13:53):
I mean, there's no questionabout it.
It's just a different kind of abox.
It's a box that you live in,it's a box you keep your toys
in.
And if you can live in the samebox that you keep your toys in,
uh then you're money ahead,particularly in in coastal
regions and in in places whereyou want to be secluded and in

(14:14):
places where you want to enjoyyour toys and your lifestyle,
and it's it's really bringingabout a different lifestyle.
So the systematization of thisuh entire you know uh idea is uh
is unique.
And we've set it up in such away where we we hope that uh in
the future you can you knowbasically order your package.

(14:38):
I mean you can order it likeGeneral Motors when you order
your automobile, you can orderyour barn cave and have it
delivered, and it's uh it's it'sit's tinker toys.
You set it up and you floor itand you side it and you go as
flexible as you want it to be interms of your lifestyle inside.

SPEAKER_01 (14:58):
Now, one thing that you'll see too is that like a
lot of these houses that you'llsee that are prefabricated,
prefabricated is not really anew concept, but everything is
on a smaller scale, and nothinghas the power that this uh
development has.
You'll never see a prefabricatedgarage that's being built.
You'll always see a smaller homethat can be fit on a couple of

(15:19):
trucks and brought out, and theylack character and a lot of
times they lack sophistication.
And I think sophistication,Stephen, you nailed that earlier
at the beginning of thepresentation.
That's what this really is allabout.

SPEAKER_00 (15:30):
You know, let me let me kind of go back into this.
This was perfect, guys.
So going back to the capitalstack hat, right?
So kind of talking about youknow the volatility in the
market, you know, a lot ofpeople were kind of concerned
and waiting to see who was goingto take the election.
Still to this moment, we stillhaven't seen a lot of uh the
inflation, uh, the cost ofliving coming down yet, along
with you know hard cost andconstruction and so forth.

(15:52):
So the idea going into this wasplan for the worst, hope for the
best, right?
So, how do we create a businessmodel that will sustain uh uh
any type of market adjustments?
And and I can go into I thinkI've gone into multiple uh
podcasts in regards to myexperience in 2008, but I lost
everything.
And I'm at that point now in mylife where I'd rather be a

(16:13):
little more conservative.
So we looked at this from astandpoint of how can we get
government contracts?
How can you get you know certainsupport from cities to be able
to build these?
How can we keep our costs downwhere they're unbelievably
desirable, but they're probablymore on the uh attainable side
uh than other homes in the area,but still have all the features,
if not maybe more amenities.
Uh, let's talk about insuranceproblems with stick-built

(16:35):
properties.
I mean, I can piggyback off aconversation all day long about
State Farm and all the insurancecompanies leaving California.
I mean, it it's what in in andI'll give you a quick
background.
When I moved my headquarters toNashville in 21, during the
pandemic, we came out ofCalifornia.
Uh, what was happening for Istill manage a hundred million
dollar debt fund.
So for those of you that don'tknow me, I where I cut my teeth

(16:57):
was actually in private lendingconstruction finance.
So I'm looking at things fromtwo different uh uh perspectives
and how we create this model.
But uh what was happening is thetechnology and steel buildings
were becoming you know just moreadvanced.
And so people were coming to mefor crowned up construction for
barn dominiums, but they'rereally just single family homes.

(17:18):
But when you were looking at asfor everybody that has ever
gotten a mortgage, you know,before you the lender cast the
loan, you have to have aninsurance policy.
We were on every loan that weever wrote, we had to get that
binder before we funded theloan, and we were comparing
apples to apples in in regardsto square footage, area,
location, what have you, on abarn dominion metal steel-built

(17:40):
property compared to a regularstick-built home, the insurance
policy was significantly lower.
So this has been a this has beena model moving forward for a
long time.
This isn't just anything new.
So going into it, we werethinking about okay, well, we're
out here in Lake Havasu, andRob's going to touch on this in
regards to labor problems.
How can we create a way where wehave less trades per project?

(18:00):
We can build faster becausewhile we're in essence doing all
of our horizontal improvements,we're having the building being
cut and built somewhere else.
So now it goes on site and weerect these buildings and we're
cutting our timeline.
So even though the materialcosts may be a little higher, we
can make it up with trades,labor, and speed.
And ultimately, we can try toprovide the cost savings back

(18:21):
over to the end user, thinkingforward about insurance and so
forth, trying to keep thosecosts down for uh for uh your
monthly nut.
So those are the things that wewant to look at.
So again, knowing from a designbeginning blank slate, how do we
create something that'll give ussustainability as a firm, open
up doors for investors, have awell-running oiled business?

(18:43):
Now it's time to bring in thesophistication, knowing where
the world's going.
And here we go.
So um I'll I'll kind of I won'tgo much farther onto that.
So um uh Steven, did you want totouch on anything else or do you
want to go ahead and go into theuh the next uh let's go in let's
go into the um into the 40 by 90design uh and pull up those

(19:04):
renderings and those diagrams.

SPEAKER_02 (19:06):
So here you see uh the example.
This is the prototype.
So this is the first of aseries.
There's a smaller prototypecoming up, which is 28 by 76,
but here is the prototype designfor the 40 by 90 uh barncape.
And it is it's an enormousstructure.
So if we go from here, therendering to the floor plans, uh

(19:29):
you'll see uh some of thetechnology that we've already
discussed in terms of uh youknow the view panels, the glass
floor panels, uh, the pneumaticelevator.
You'll see those if we can go tothe next frame.
There you go.
So these are our floor plans,like you would see in any

(19:51):
design.
But what is unique here is theopportunity to live above the
vehicles and the uh the thespecial things that you've you
know struggled to achieve andyou've you've achieved, and you
have your toys, and it's allinclusive.
The stair tower comes up, uh theelevator tower is shown.

(20:13):
Uh it can be a pneumaticelevator.
The way we've designed them,they're pneumatic.
It can be a traction elevatorwith a hoist bar, or it can be a
um you know hydraulic elevatorwith a piston.
So any of that will work here,but it's a very flexible space.
The uh this is a three-bedroomlevel.

(20:33):
This is a large floor plan, 40by 90 is large.
So you have three bedrooms onthe main level, the main living
level, and then the master suiteabove is uh ginormous, uh
luxurious.
It up it offers the opportunityfor private living above with a
a bathroom that's uh you know amajor, a major investment in

(20:58):
that bat bathroom.
So this is the the high end ofthe barn cave.
This is the 40 by 90.
The uh the investmentopportunity in the 28s by 76 are
uh they're gonna be scaled down,but the idea here we go big
first and design the structuralsystem first, and then scaling

(21:19):
it down is easier, and itbecomes uh much more uh
conventional as we scale itdown.
So that's uh let's go to theelevations on the next page.
There you go.
You see what we're talkingabout?
Some of the siding panels hereare metal siding, you know,
conventional metal siding.
Some of it is what we have beenreferring to as Nietzsche Ha.

(21:41):
I mean, it is a a brand name.
Even though Nietzsche ha comesfrom Japan, the actual
production of the material ishere in Macon, Georgia.
So this is all domestic-madematerial.
Everything we're showing here ismade in the USA.
So the Nietzsche Ha products areare inert, it's cementitious,

(22:04):
it's a fiber cement board thatis used to achieve that uh that
wood tone that you're seeingthat looks like cedar.
The uh the railing systems andthe uh balcony systems, uh they
are they're not concrete, theyare open for we're trying to be
lightweight and sophisticated inthe sense that we want the rain

(22:27):
to come through, and the railingsystems are are perforated metal
for the most part, and uh that'sthe idea.
We you know investing in glassrailing systems, although that
can happen, is expensive.
So we're keeping it fairly uhinexpensive by going with
perforated metal in both theDown platforms and railing.

SPEAKER_00 (22:49):
Steven, one more thing.
So for those of you, thank youfor that.
That's that these this thetakeaway, too, for this here,
guys, when you you heard him saythat the manufacturing of this
product is here in Michigan.
I think some of that probablygot your ears to pop up with all
the things that are going onpolitically and tariffs and so
forth.
So these are conversations thatwe have literally on a daily
basis with our team.

(23:09):
Where can we get the producthere?
How can we not keep our costsdown?
How can how can we keep ourtimelines the same?
Those are the things that I wantyou guys to pay attention to
because these are the mostcommon questions because it's
relevant.
Um, on top of that, what we aredoing, if if if some of you have
caught on, we're also buildingthis and manufacturing this in a
way where you can go more luxuryor you can keep your costs down

(23:31):
and try to do it more on a on ahigh dense, kind of like what
we're gonna do with the barncaves here in Lake Kavasu, but a
little more cost effective andtry to pop again pan that off or
pawn that off to savings foryour end user.
So by being able to go bigfirst, we're gonna get the kinks
out and then be able to, inessence, uh manufacture these at
at uh a speed nobody's seenbefore.

(23:54):
Now, to you know, a last thinguh that I'll add to this
component is the manufacturingside.
What we're doing here locally iswe have a manufacturer that's
helping us with all of ourstructural steel.
So all of our manufacturing ofmost of the structural will be
right here in Lake Avaso.
So it's all under one umbrella,in essence.
That's going to help us withtimelines.
Now, when I went back and saidoriginally, you know, we're

(24:17):
looking at a line of credit forJP Morgan, not just to build
these, you know, uh for our ownprojects, but we can get to a
point where we white label thisproduct and open the doors for
other developers across thecountry to buy these buildings
from us and then pop them up ontheir own site.
So the this this model isn'tjust for the barn caves here.

(24:37):
We're thinking much largerpicture.
And really what's happened toopen those doors was the amount
of interest we've received sincewe've even started talking about
this product here in Lake Avasu.
It's gone across the country.
I have a group out of Coloradothat wants to order 720 units of
these from us, which is a$40million receivable.
So going in and obtaining a lineof credit at that size is much

(25:00):
easier when you already havewell-known builders that are in
some cases are uh nationallyknown builders that are going to
us going, hey, you're ontosomething.
Can we sit down and talk?
And then obviously bringing inthe pedigree with Steven and Rob
that really adds to the fire.
So yeah, I want you guys tothink really big picture when
you're going out to raise thecapital, you need to have a much

(25:21):
further forecast of planningbecause that means that the
heart going into it on somethinglike this, there's there's a lot
more into it because we're alllooking at a much larger play
here.
So, okay, sorry, I'll uh I'llmove on to that.
Rob, is there anything you wantto add to that?

SPEAKER_01 (25:36):
Yeah, one thing that's important to note is as
Steven had mentioned a littlebit earlier in the project in
the webinar, is that you knowthis is going to be designed
almost like if you're buying aluxury vehicle, you could go on
to the customizer and you canpick your finishes.
You'll see in the what's uhdepicted on the screen, you've
got some brown color tone, whichis the Nietzsche Hop panel, and
you've got some of the metalpanel.

(25:57):
Those can be you know customizedwhere you'd like them on the
building.
So you could really make this areally personalized uh project
as well.

SPEAKER_02 (26:06):
And that's exactly right.
So the the slides that are nowup, you know, these are the
glass floor panels that uh allowyou to you basically walk across
the top of your vehicles andlook down and admire them and
show people.
Um it's a it's an interestingconcept to be able to view on
the lower level.
It allows natural light to comein through the windows and

(26:28):
penetrate the floor, so you savemoney on artificial lighting.
It's just one of the addedbenefits here.
And this the slide prior to backup one slide, these are the
pneumatic elevators.
I mean, these arevacuum-assisted elevators.
Uh they are, in fact, largeenough to get wheelchairs on for
ADA compliance.

(26:49):
They're they're large enough, infact, to get gurneys on if you
had to go there on the largestunits.
But this is a vacuum system.
So you have a series of pumps,they're located uh on the top of
the building, and it allows youto get on, push a button, and
silently go up floor to floor.
In this case, with the 40 by 90,it's a three-story, three-stop

(27:13):
deal.
But you can get on the elevatorand enjoy the ride uh with uh
with no noise and no friction.
That's different than what weexperience in a normal office
building or in a normalresidence where you have an
elevator.
So then uh, you know, goingforward back to the glass floors
and then to the next slide.

(27:34):
Uh let's go beyond there.
So here's the the smart connectfire sprinkler system, where the
sprinkler that would be locateduh predominant on all floors,
but predominantly on the lowerlevel.
If there happens to be a fireevent, if there happens to be
smoke that is detected, thisthing rotates around, identifies

(27:57):
it, senses it, and puts it out.
So you don't end up sprinklingthe entire house and ruining
your entire you know investment.
You end up you know focusing theuh the fire suppression where it
belongs.
And then you see the McNicholPlanck system on the right.
This is this is the lightestweight system that we could find

(28:19):
that's commercially availablewithout inventing our own, but
it's the lightest weightmaterial that we could find for
uh modularizing the floorplates.
So you lay these in between a 12by 12 uh system.
These are planks, and then youcan put a wood floor over it, or
you can put a concrete floorover it, or you can put some

(28:40):
sort of vinyl floor over it, andit allows you to have the
lightest weight structuralsupport system for the floor.
And it even goes out to thebalcony where you can have the
open grating, the open gratebalcony, and the uh the the
punched uh railing system asopposed to a glass railing

(29:02):
system.
So you end up with a metalpunched railing system.
So those are those are the ideasthat are being incorporated into
the barn caves, and they are assimple as we can make it, uh,
but also uh as fun as we canmake it.

SPEAKER_00 (29:17):
So I have to I have to laugh a little bit about our
questions because Mr.
Chris over here, which is one ofour clients and investors, he's
a firefighter, and he's overhere going, Well, I know a thing
or two about fire.
If any of you guys are lookingat the questions, but it's true,
he said the water will travelthrough the house anyways, if
the whole thing's inflamed,dude.
Remember, you have the he'stalking about the main lower

(29:38):
level, which you have all ofyour fuel and RVs and so forth.
And I'm not trying to sell youon anything because you're Mr.
Firefighter.
So, but the idea is to try toget it when it's the getting's
good early on.
That's the whole point to thattechnology.
So hopefully, if something wereto pop off or you would say, I
which is really common, you havea a um uh let's take a trickle
charger or something that kindof catches fire and it

(29:59):
identifies that it's it's on itright away.
You know, that type of stuff'sreally the idea.
And then Robert, I already knewyou'd be chiming in.
He wants to put this on his hisHarley Davidson.
I want mine all done in HarleyDavidson.
I think you probably could.
You could probably customize andfabricate maybe a cover for it
or something.
I think that would be kind ofcool.
So all right, so all right, solet's kind of let's uh let's
open up any more questions foranybody else.

(30:19):
And then if not, then we'regonna tee off a little bit more.
Um, I'll ask these gentlemensome questions, and then maybe
then I'll make you guys think alittle bit more on how to ask,
uh maybe maybe a little furtherfrom there.
But with uh with that said, herehere's kind of you know a little
bit more color on my end.
Again, kind of coming from theoperator side, uh exit side, how
are we gonna sell these barncaves?
You know, I think all of that'sreally.

(30:41):
Important, um, clearly, becausewe don't make money until we
sell them, and we got to be ableto um build build demand.
So, and I'm gonna let Rob kindof tee off on this because he's
so integrated with the city andthe community much more than I
am, and he'll just kind of giveyou an idea of the demand for
these things.
And it's even, you know, priorprior to me reaching out to him,
uh, he was already working withother clients that really wanted
to design barn dominiums.

(31:01):
So this is really kind of atrend and movement that, you
know, is I mean, it's just blackand white, you can see it
everywhere.
You know, even Home Deeper, Ithink you can go to Home Deeper
or Lowe's or something and buy abuilding for$30,000 and pop them
up, and it's a little barndominion now.
So it's pretty wild.
So here's, you know, I think youguys, some of you, I know a lot
of you guys are new here, butI'm gonna just kind of share
real quickly, you know, one ofthe things that happened when we

(31:22):
were going into the modeling,financial modeling of this
project was, you know, when youbuild something, uh, you build a
community of residential here inLake Avasu, due to the heat, you
have to have a pool.
And obviously, our lot lines,this is a smaller um, you know,
product, a lot more dense uh asfar as the uh the homes are a
lot closer.
You don't have much of abackyard, so therefore you don't
have room for a pool.

(31:42):
So we wanted to create acommunity center which was
desirable where people want togo and be there every weekend
because they have their friendsthere and it's really fun.
So when we were looking at thedesign of the pool and the
little community center, wequickly realized two things.
One, the community center reallydoesn't have any value, and two,
the HOA cost to maintain thatpool, the ENO, uh the community
center was pretty high.

(32:03):
And we didn't want to pawn thoseHOAs back over to or the cost
over to of the HOAs over to ourunit owners.
Well, here in Lake Avasu,because it's so, you know, this
is a second home community.
A lot of people are focused onyou know, they're overhead.
You have a lot of baby boomers,is is is the number one buying
uh buyers here.
You know, they're in this what Icall balling on a budget, right?

(32:25):
They're on fixed income, theyreally try to keep their their
costs down, but have that greatlifestyle.
So HOAs, even for here in thisproject, we're the cheapest in
the area, and we havemillionaires buying these things
because the HOAs are so cheap.
So it even though, you know,it's ironic because they do
well, they still are concerned,you know, of what those
maintenance costs are, and Ireally have to agree with that.

(32:47):
So, with that, what happened wasis we looked at that community
center and go, okay, for us tobuild something that is somewhat
desirable, a little fit fitnesscenter pool, what have you, that
building has no value if it'ssitting inside the residential
community on one parcel.
It's really just an amenity forthat residential.
So, as I again was modeling it,I go, well, man, I wish I could
just make this gym a little bitbigger, open it up to the

(33:09):
public.
And and one thing out here inLake Avasu is the gyms out here
are just not really up tostandard or up to par.
You know, if you're you comefrom any other city in the
country for the most part,you're probably gonna have a
little bit better of a productthan what's already existing
here.
And I say that respectfully forthe other owners, but it's just
they haven't been uh they havethere's really not enough
buildings out here to probablybuild anything nicer, to be
honest with you.
So when we when we looked at it,I go, well, why don't we build

(33:31):
this thing a little bit better?
Open it up to the community,knowing how much demand for
building and development'scoming to the north side.
By the way, that whole there's630 acres right on the left-hand
side of this here, guys, west ofwe're kind of flying over the
water here, but on the left-handside, west side of the mall, 630
acres just went to auction.
I think this week, right, Rob?

SPEAKER_01 (33:50):
Yes.

SPEAKER_00 (33:51):
Yeah, so there's there's a developer that's
buying that.
There's a bunch of you know, uhuh home builders out here
looking to uh start buildinghere over the next five years.
So I think this area is justwe're where I think we're a
little bit afront of it, and Ithink we're we're our prime as
far as timeline.
But however, with that said,what's happened is we took the
gym and we separated it from theresidential.
It's all under one investment,guys.

(34:12):
But now that building has valuebecause it's open to the public,
and commercial real estate isalways based on income approach.
How much income can thatbuilding produce will give its
its value?
Well, kind of poking around andme being out here for 35 years
and knowing who's you know, kindof would join this gym.
And with the holistic approachand health and wellness being
the fastest growing uh industryright now uh in the world, uh,

(34:33):
due to baby boomers and soforth, healthcare, we realized
that it would probably besmarter for us to build
something a little bit bigger, alittle more grand, and create a
launch pad for what theresidential product will look
like by making the gym our thekind of the focal point uh and
and again that communitycomponent.
So now we separated that, itgenerates its own come.

(34:55):
Now that now that building hasvalue.
So in my Proforma, I haven'teven included what the value of
that building is.
Everything inside my pro formais just based on sales of the
residential.
So ultimately what's happeningis that gym could be worth$10
million.
It could be worth$7 million.
By the time we exit thisproduct, the idea is to see how
much money we can generate, butthat increases the returns to

(35:17):
our investors, which again, Ihave not put in my Proforma.
So we're a lot more conservativethan I think most people have
realized that we've created withinside our modeling.
But what that's done, guys, isit's it's opened up the doors
for other uh investors,institutions to go, well, that's
a brilliant idea.
You're keeping the HOAs lowerfor the residential, you're
giving access to your owners,homeowners to the community

(35:39):
center.
The community center is open tothe public, it's generating more
income.
Now the building has value.
Now you have a backstop.
So let's say, for example, whichis one of my biggest questions,
is hey, Ryan, you know, let'ssay I have a sticky feeling
that's going to produce asignificant amount of income
within year two or three.
But let's say we go overconstruction, right?
Or we go over budget as anexample.

(35:59):
Well, the idea is if I had arevenue stream that can kind of
help advance maybe some overageson the construction, that'd be
killer.
So not a lot of developers havefigured out how to create
capital events like that earlyon, where it is fruitful enough
to be able to have access to aslush fund to keep advancing the
project.
So therefore, I'm not calling myinvestors and say, hey, are you
sitting down standing up?

(36:19):
You know, I need you to sitdown, I need more money, you
know.
And uh, even though that's withinside your investment
documents, and I may call youand say, hey, I need it.
I I'm I'm trying to hedge thatrisk now, right?
And that's really what thesebanks want to see, anyways, and
investors.
Nobody wants to have you callthem and say, Hey, Ryan, I'm out
here, I'm going to Italy with mygrandkids, or I'm going on a
cruise, and you're telling meyou need more money.
You know, I'm waiting for themoney to come back to me.

(36:41):
I don't want, you know, so it'sthose things that you really got
to be sensitive to, but you wantto know where the market's
going, where, you know, thesesophisticated wealth managers
and RIAs, how they're modelingrisk now moving forward.
And ultimately, it's kind ofjust ears to the ground and then
providing additional dataseparate to what you find on
Census Bureau and allowingpeople to really see what it is

(37:02):
they're getting.
And you you if for those of youyou guys will all laugh, these
the Census Bureau is alwayswrong.
It's like Zillow on your house.
Don't believe in it.
If your wife calls you and says,Hey, honey, we should sell our
house, it's worth this, justdon't just bring it down like
10%.
No, but uh, anyways, yeah.
So I uh I just want to share alittle bit of color on that.
So with that said, uh Steven, itlet me let me bring this back to

(37:24):
you a little bit.

SPEAKER_02 (37:25):
So, you know, the idea here is is obvious.
I mean, it is as simple as wecan make it.
The barn cave concept uh uh isis going to be popular, it's
already popular.
It is a simple box that we havedesigned deliberately to be
flexible.
It covers uh it covers the toys,it covers the expensive things

(37:49):
that you've invested money in,it allows you to maintain them
easily, and you you live in thesame box with those toys.
The upper levels, the livinglevels, the entertainment
levels, the fun levels, thoseare flexible.
You modify your walls to yourliking.
You could almost move the wallsaround on coasters.
You could design your wallsystem to be on wheels so you

(38:12):
can move your walls around on afloor plate.
It is that flexible.
The bearing system is out toout, meaning exterior wall to
exterior wall.
So um it it allows you theprobably the most flexibility
you could have inside of a box.
And Rob, I'm gonna touse it toyou now to talk about that whole

(38:33):
concept, which is really yours.
It began with you.

SPEAKER_01 (38:37):
Well, I appreciate that.
The one thing that uh thatreally came up with these barn
caves was a lot of our clientswere looking to build them and
kind of go off the grid, quoteunquote.
So they were looking at takinguh prefabricated metal buildings
and then building uh you know astick frame house inside of
them.
And most of them had the samething in common, actually, every

(38:57):
one of them did.
It was a large garage with asmall uh space attached to it
that they would live in.
And the reason they were alldoing it was for uh cost
efficiencies.
I mean, they designed theywanted something that you know
they could build cheaply,quickly.
Um, just as a side note, youknow, I went to the to the
internet much like Ryan justtold me not to, but uh I was
able to pull up the one in fiveconstruction workers in uh

(39:20):
United States right now, is overthe age of 55.
And in Mojave County, I'llchallenge you to find me a
construction company thatdoesn't have superintendents
that are over 65.
Um, it really is just a it's agenerational construction deal.
And I think many of the kids aregetting into doing the uh video
game type stuff as opposed tothe actual working with their
hands.
That was another thing that'sit's kind of a side note that I

(39:43):
don't mean to get off topic on,but it's one of the reasons I
like the barn cave concept ofwhat we're looking at here with
this uh modulization of theconcept, because at some point
we're gonna have to get morecreative because there's only so
many people we can can buildright now.
This gives that opportunity.
But coming back to the barn caveconcept, uh the barn cave
concept, when we were looking atit, was we have all this

(40:04):
airspace above the barn cave,we're not doing anything with.
And we obviously, for a lot ofgood reasons, land is expensive
here in Lake Havasu, and andRyan has investors that he needs
to uh you know uh stay true to.
So the idea was let's take allthat space that we just talked
about being on the same level asthe barn cave itself, and then
just put it on top of the theroof of the barn caves or of the

(40:25):
garage, so to speak.
Um, and that's how it came tobe.
Uh, Ryan's challenge was I wantsomething that, you know, this
is a second or third home.
I want lock and leafcapabilities, I want it to be
masculine in nature.
I want to see the structure.
Let's make a pre-engineeredmetal building because hey, you
already told me everyone wantsto build a pre-engineered metal
building and put a residentialcomponent inside of it.

(40:46):
Let's turn it on its ear andlet's go vertical with it.
We need the the density to getthis thing to pencil.
We started with a concept thathad what 114 units and end up
scaling it down to 97.
That's just here in Lake Havasu.
Now, with 720 in Colorado and anumber of them all around, I
mean, density is going to bewhat speaks.

(41:07):
So, in order to make thisconcept work, now we're talking
about these almost as if they'rethey're throwaway type units in
some aspect, like the 40 by 90is is huge.
It's not just huge, it'sgargantuanly huge.
Uh, when we're talking about thebarn cave itself that we're
talking about, like havasy,these are still nothing to laugh
about.
This is like 3,000 square feetof living with a loft living

(41:31):
that's open of another 1500 to1200 square feet.
Where are you gonna buy a 4,200square foot home with a garage
that's 3,000 plus square feet?
Like these things are huge.
Yes, they're they're efficient,and yes, that they're being
created to uh you know build acommunity on, and also we want

(41:52):
to make sure that we canmodulate them and send them all
over the country, but you'restill getting 4,200 square feet
of living space in the largerunit with two with two
balconies, drive-throughgarages, elevators.
Yeah, I mean, like this is a bigdeal.
So, but that was where thedesign concept came from.
But it was how do we make surethat we have something that's

(42:14):
good?
Uh growing up, and Steven, I'msure, has some stories he can
tell you about his uh affordingarchitecture.
But you know, the first thing Inoticed when I was growing up
was I always seen thoughtmillionaires lived in loft
houses, and I just that's howthis kind of came up was I
always wanted to live in a lofthouse.
So we started thinking aboutokay, well, if you can afford
like two stories of open space,you must be a millionaire.

(42:37):
And that's how, like when I was12, that's what I was thinking.
And honestly, it still kind ofholds true because this is
designed with a gigantic loft,uh, two-story open space, plenty
of glass, views where you gotthem.
I mean, it's it's really a greatproduct.

SPEAKER_02 (42:51):
My relatable story goes back to uh when I was in
school and trying to be anarchitect.
Um, I always wanted to live in asilo.
I grew up on a farm, so we had abig concrete silo.
And I used to walk into thatsilo, which was maybe 24 feet in
diameter.
It was a big silo.
I'd walk in there and I'd lookup and I'd see nothing but light

(43:13):
at the top.
And I always wanted to know whatit would be like to you know put
a platform and then anotherplatform and another platform
and then dome over the roof andhave a skylight at the top.
So my uh my vertical orientationof architecture came from a silo
on the farm.
Now the barn cave is arectangular box, but it's the

(43:36):
same concept.
So now we we go vertical withwhat we can operate on the
ground from lawn mowers to RVsto slingshots and motorcycles,
whatever it is that goes on thelower level.
We live above it, and it's thesame concept.
So um I I've realized my goal.

SPEAKER_00 (43:57):
You know, and it's it's so cool, guys, because both
Steven and Rob, you know, theythey have a lot of clients.
I mean, Steven's got a couplebillion-dollar projects that
he's getting off the ground.
Steve Rob's the he dominates thespace out here all in Mojave
County, not only from homes, butanything with steel buildings.
I think they just completely ownthe space here.
So, you know, to be able to havegentlemen that are just this

(44:19):
excited about it and they takemy calls all the time, it's
pretty, it's pretty cool.
We have really a community ofpeople that are just super
excited.
And and I mean, I have subs,like some of my subs are
literally writing checks andinvesting into the project, you
know.
And so it you have, I thinkthat's you know, for me as a an
operator and a business owner,when you have everybody bought
in and you have your entire teamthat are so excited about it,

(44:41):
and and they see, you know,they're they're talking to their
friends and their family, andthey're showing renderings and
pictures, and everyone's soexcited, and it's just nothing
better when you have that typeof support.
Then you go to the city, and thecity's just seven zero across
the board on everything.
And you're like, yeah, you so ifyou're getting that much
support, the likelihood of theinvestment to go well goes up

(45:01):
really.
Now it's it's our it's our jobreally to to value engineer and
execute on the development.
That is really, you know, thethe the main point now.
And and uh and and always try tobe innovative and and ears to
the ground, how can we shift,how can we do things, and what's
going on in the market, and soforth.
What really caught our attentionthe most is the interest.

(45:21):
So not only do we have investorsthat are investing, we have
investors that are investing andwanting to own a unit.
So what's happened?
I think we have 27 out of the 93or 97 that we have accounted for
already of investors that haveinvested and bought a unit.
So what that's doing now is therisk continues to drop because
investors are going, I want oneof these, so I'll invest now for
the development, but then I'lltake one at the very end.

(45:44):
So if you have investors thatare investing and then taking
over units at the end, your riskcontinues to drop because now
you have a built-in buyer pool.
And then on top of that, we havea group, I think just on my my
and our CRM alone, we have over500 interested buyers right here
locally.
We only have 90, 97 of thesethings.
And then we also have, you know,our broker, uh, which everybody

(46:04):
knows about is Eric Adalia, he'snumber one in the city, number
two, I think, in the state,number, I think 20 in the
country.
So his group, you know, they did240 million last year just here
in Lake Havasu alone.
It's quite a bit.
So he he's got over 500 people,and then another competitive
brokerage calls me and goes,Hey, would you guys do
co-brokering?
And I'm like, Why?
He goes, Because we have a listof over 500 people that want the

(46:26):
so it's it's pretty wild on theamount of people that want this,
but it fits the culture here,and really it's the garages.
I had another guy just buy uh agarage for me here at Paradigm
Storage, and he he bought a 28by 60, and he comes to me and
goes, I don't have enough room,I need more room.
And the the ongoing joke here inthe city is you drive by
somebody's RV garage in theirhome, their garage is bigger

(46:47):
than their their living space,and the and the toys that are
sitting inside their garage isworth more than the house.
And that is so true out here.
And it's not even necessarilythe toys.
I mean, you have all kinds ofpeople store everything you can
imagine.
You have contractors that needroom, you have, you know, it's
just there's so many people thatneed storage for many reasons.
And it's it's uh it's uhprobably one of the most
desirable asset classes if youjust look at it from an

(47:08):
institutional space.
So, you know, it seems to holdtrue to what people are trying
to do here.
It makes sense across thecountry, you know, people even
storing for store uh storingfarm equipment.
You know, if you have a littlefarm and you want to pop up a
residential place, you could popone of these up and then you
could store some of yourequipment in there.
I mean, we're we're doing it onour spot.
So it's stuff like that that Ithink it just um it caters to a

(47:32):
much larger group, and andthat's ultimately what we're
trying to do that'll have a goodrun.
So, with that said, guys, I ampretty much done on my spill.
So if anybody has any morethings to say, Rob, I don't know
if you want to talk on anythingelse, but I am pretty much good
on my end, so we can start uhopening up for questions.

SPEAKER_01 (47:49):
Yeah, I don't have anything on my end, right?
I think we've coveredeverything.

SPEAKER_02 (47:52):
I think questions would be good at this at this
point.

SPEAKER_00 (47:56):
Okay, let's see, here we go.
Look, here comes Chris.
Chris, we'll just jump on thephone.
Mr.
Mr.
Fire, Mr.
Fireman over here.
Chris, we'll just jump on thephone with me, you, and maybe
Steven or Rob, and we'll talkabout it.
But uh, yeah, this is he'ssaying the project's getting
bigger, bigger, but yeah.
In fact, just to kind of giveyou guys an idea, we did change
the setbacks a little bit.
I think we went from three footto five foot setbacks.

(48:17):
So we actually went a little bitbigger.
Um, and and the lar the unitsare all a little bit larger too.
We wanted something just alittle bit more I hope nobody
takes offenses, masculine.
When you drive into thisproperty and you drive through,
like if anybody drives throughmy my storage now, I got 60 foot
wide you know driveways with14-foot tall garages, and I have

(48:38):
these 3D pop-outs that are justcatches everybody's attention.
It's a really cool design.
When you drive through here, itjust feels huge, it feels
strong.
When you have two more storiesof residential with a pitched
roof, it's just so tall, it'shuge.
And I think it's just this kindof it's it's just a very
masculine uh development that Ithink people really appreciate.
And what's even more wild is howmany women want these things.

(49:01):
There though, there's so manywomen that go, well, because
they think less maintenance,less overhead.
They're the ones really focusingon budgeting for the family.
So a lot of the questions I'mgetting that has really kind of
come down to cost ofinefficiency and certain you
know practices that we'reimplementing is really kind of
from that side.
So again, we're implementing thetechnology from water, you know,
fire suppression to uh solar.

(49:22):
I haven't even talked on thatyet.
And the reason I haven't isbecause we're still going
through the modeling of that.
And if we could push that in,then my investors get the
limited partnership um taxcredits, and then the homeowner
gets the actual uh the the solarwithin the purchase, and I'm not
increasing the the cost of thethe um the unit.
And it's simply because this isliterally it's a solar field on

(49:42):
top, it's 10,000 plus unit, youknow, solar uh panel.
So it's much bigger.
We're work we're trying to workon some deals and how that would
look like for from a financialside, and maybe some some uh
support from the city and andstate.
But at the end of the day, onceI have that all narrowed down,
I'll bring it to everyone'sattention.
But I know it's things like thatthat we're trying to be and
continue to be, you know,forward thinking to to benefit

(50:02):
not only the end users, but ourinvestors and us as well from a
brand and a product that we arereally trying to uh set a tone
nationwide.
So other than that, I uh I uhyou know I yield back to
questions here.
Let's see, Chris, thanks.
But are you still going doingon-site tours next week?
Ron, yes, I am.
I have a couple more already setup, but you are more than
welcome to shoot me a call,email, text, and I will uh I'll

(50:26):
set you up out here if you want.
And I know, by the way, I know alot of investors that you guys
are on.
Uh a lot of people are alsoasking me if they can refer
people my way.
Um, absolutely.
I mean, obviously, referrals arealways the best uh income source
for us as far as capitalraising, so please do.
Um that you would not be able toreside in the units in the no,
yes, you can absolutely reside.
The only thing that we're notdoing in uh not allowing in the

(50:49):
in these uh in these are in thisout area is um short uh
short-term rentals.
So Airbnb.
We do not want the Airbnb uhwild kind of crazy lifestyle
that Lake Havasu kind of tiptypically tracks.
Um the reason is is a lot of myinvestors are buying these, and
along with my friends are buyingthem.
I don't like that stuff next tomy house if I own one.
Again, I'm trying to create abrand that's a lot more

(51:10):
polished.
I don't want that around me,I'll be honest with you.
And so even though I know I havehad to pass on, you know,
investors because they're like,you're not gonna open up the
Airbnb, no way, but they're thethose investors do not know the
Lake Havasu area.
So if they were to know the LakeHavasu area, they'll say, no, we
don't want Airbnb.
Um, just simply because people'shomes are getting beat up.
In fact, here at ParadigmStorage, we probably had seven

(51:33):
or eight buyers uh sell theirhomes here in in Havasu in 1031
exchange and buying these uhstorage units just for the cash
flow, but no maintenance, noheadaches, and so on and so
forth.
So, but yes, you can live inthem.
We're looking for really what wewanted to do is look at it from
a way where it's moreattainable, so you can have
full-time buyers.
But we also know just given thenature of Lake Havasu, you're
gonna have kind of the lock andkey second home uh buyers as

(51:56):
well.
You can do long-term rentals,but we're gonna do minimum six
months.
And some of these and some ofthese investors have been pretty
smart.
They said, well, if you'rerenting out the unit, can you
rent out the storage space too?
And I'm like, there you go.
So if you look at it from arental model and you're doing
long-term rentals, you can getthe returns to look pretty
decent because you can rent outthe storage space as if it was a

(52:17):
regular storage for boat, andthen you obviously have the uh
residential site above it too.
Uh uh, some of the people thathave that said, hey, if I'm
gonna buy there and live there,I don't really have a boat.
I have maybe some jet skis.
Can I rent the space out too?
Absolutely.
If you live out here, youprobably have some friend in
California that needs a spacefor a boat.
And so you can, you know, um,you know, rent out a portion of
your garage as well and helpwith your mortgage payment.

(52:38):
So those are the things that Ithink has really opened up the
doors to having more buyers aswell.
And that's ultimately what wewant to do is cast the net as
far and wide as we possibly canto be successful and uh bringing
down our cost, buildingsomething that people want, bar
dominiums are trendy, you know,the it's a killer design, three
stories, elevator, you know, biggarages.
It just seems to fit the theworld at the moment.

(52:59):
So okay, let's see.
Any estimate on air conditioningcost of these?
I do have an estimate on it, um,but I am working with my current
uh trade right now to uh kind ofrenegotiate because he's he's
getting a lot of buyinghorsepower from us.
I ordered uh$500,000 worth ofunits right here in at Paradigm.
And uh I have several, I havethree other projects going on
here as well.
So he gets a nice receivablefrom a private equity farm to go

(53:22):
get, you know, uh for to withhis um what do you call it?
His supply house.
So he uh we're gonna we're gonnawork a deal.
So I appreciate the questionthough.
Other than that, guys, I amgood.
If anybody needs anything, thiswill be recorded.
You can watch this over again.
Uh, if you want the animationvideo, that is also on our
YouTube.
We have other podcasts on thereuh with Steven and Rob, really

(53:44):
kind of talking about the designof this as well, maybe a little
bit more in depth.
I we do have my documentary, howit is that we really came about
this and my relationship with mymother, and how I rebuilt and
and found her after all theseyears out in East Tennessee, and
and uh I wanted tore-re-calibrate a relationship
with her.
And the house that I bought outthere had an old barn that was
built in I think 1892 that Isaw.

(54:06):
And I went in there andremodeled it and put it built a
three-bedroom, two-bath houseinside of an old barn.
And that really kind of kickedoff the whole love story of the
barn cave.
So um thank you guys all for thesupport after all this time.
Really appreciate it.
This again will be up foreverybody on the platform to
watch.
And uh, there's a lot of hearthere, and uh, I hope you guys
see the fruit.
So thank you all so very much.

(54:27):
So thanks, guys.
I really appreciate your time.
We'll I'll follow up with youguys and debrief after this.