As 2022 comes to a close and I reflect on the winding road CRDV has traveled, I find myself looking forward to the many opportunities that lie ahead in 2023.
For CRDV, 2022 was a year of growth and included many new visions, challenges, opportunities, partnerships, and projects – it was a year we will look back upon as the foundation for our future developments and success. Our outstanding team is the bedrock of our progress and momentum forward – notably our accounting and financial group – all of whom are readily committed to fulfilling our mission of developing sustainable communities by investing in housing for all. When our new team took leadership at the end of September 2022, a clear path forward was established and it resulted in increased assets, debt reduced, and revenue on the books in Q3. Additionally, a new property asset was added in Q4.
For 2023 we are teeing up financing to increase our property assets and readily adding to our portfolio of single-family rentals through our Artistry Development subsidiary (details coming soon). In addition, our Mosaic brand is building momentum. We expect to share more details on our for-sale development projects at the end of Q1 2023. Our brokerage, RedRock Realty has begun to show momentum and is gaining from buyers and sellers alike. We expect to secure operating and project capital very soon. Our team continues to work daily finding new capital sources and revenue.
I appreciate the time and dedication our many supporters, investors, and staff have shown, from building our network and allies, to providing endless expertise. I am confident thanks to everyone's efforts that 2023 will be outstanding.
Thank you all for making 2022 a year to remember! I am so grateful for what we have accomplished and know the best is yet to come. Have a happy and prosperous Happy New Year!
Sincerely,
Lara Fritts, CEO