Mytikas Living | Class A-1 Investor Webinar and Q&A

So what do we do in the high level? So we have focused on fulfilling a demand in the market space, which is tiny homes and affordable living.

Nobody in the United States is building a product that is able to stand the test of time, particularly in austere environments such as Colorado and mountain regions.

Right.

So in Colorado, in the Western United States, there has been a terrible plague of wildfires for X amount of years, a couple of decades now.

And you can see the destruction that happens with that.

So one of the big genesis behind us doing this was that we're real estate developers.

We had our own hospitality projects.

We had our other developments with other partnerships we have to build very high quality, very durable housing that works in Colorado and then the broader Alpine region.

Because nobody was doing that, we decided to do this in-house ourselves.

And that goes down to literally starting at material manufacturing.

So we are making all of the LGS, which is light gauge steel, inside of our factory to create not only luxury tiny houses, workforce homes, park model RVs, but this translates into single family homes, multifamily homes, commercial construction, industrial construction.

So we as a company are vertically integrated from material manufacturing with some design and engineering all the way through onsite assembly and finishing work.

So with the property itself, it was 103 acres in Colorado.

It sits with 217 acre feet of water as well, which if Some people are familiar with water in the state of Colorado.

It is a very valuable resource.

And then we also had three quarters of a mile of three different train spurs into the factory, which has become a lot more valuable, especially with fuel prices.

But looking at it, it is pretty significant of what the train allows us to do as well.

But Tate, you had something?

I just want to point out how valuable that is because if you were to build this factory today and you wanted a rail spur, the waiting list is years long.

You can't just get one into your factory.

Yeah, that's a good point.

It's not only the money associated with it.

So the infrastructure we have on site is, I think it was close to about a $7 million reconstruction cost, like hard cost alone.

That's not even factoring the soft cost and the time associated with dealing with the train companies who... are some of the largest, most powerful entities in the country.

Like they don't have to move on anybody else's pace except their own.