BLOCK ONE VENTURES LLC
JACKSONVILLE, FLORIDA

Block One Ventures is a commercial real estate development company Block One Ventures is staffed by a team of investment professionals of real estate product types and cycles. Currently, Block One Ventures is focused on urban infill and coastal opportunities Block One Ventures is a commercial real estate development company focused on acquiring exceptionally high quality real estate with long term potential for significant value creation. Currently, Block One Ventures is focused on urban infill and coastal opportunities in and around secondary southeastern markets. Block One is backed by a discretionary proprietary equity source. Block One is able to make quick investment decisions, providing improved certainty of close for property sellers. The Block One team has significant experience in developing, redeveloping, financing and operating a wide variety of product types including retail, multifamily, mixed-use and office. This breadth of experience allows Block One Ventures to focus strictly on the quality of the underlying real estate. Mr. Hobby is directly responsible for the operation and profitability of all Block One operations and projects. Previously, he spent 13 years as Vice-President of Case Pomoroy Properties, a privately held real estate development and investment management firm headquartered in New York, New York with offices in Jacksonville, Florida. While at CPP, he was involved in the execution of over 40 individual projects throughout the Southeastern U.S., reflecting aggregate equity investments of over $200mm with an estimated development value of over $800mm. He directly oversaw the investment analysis and development process including land acquisition, planning, development, construction, stabilization, financing and sales. He is a past board member of the University of Georgia’s Terry College of Business, a current Full member of the Urban Land Institute (ULI) and a member of the ULI Small-Scale Development Council. Mr. Hobby holds an undergraduate business degree in Finance (1994) and a master’s in business administration in Finance and Real Estate (2000), both from the University of Georgia. Mrs. Chitwood oversees all Block One administrative functions and provides support working alongside Mr. Hobby to coordinate tasks on both the operations and construction projects. She has over twenty years of executive administrative experience in the real estate, legal and consulting fields. Originally from Atlanta, Mrs. Chitwood worked for McKinsey & Company, a worldwide management consulting firm, as an Executive Assistant for several partners. She attended the University of Georgia and holds an undergraduate business degree in administrative systems from the University of West Georgia. Since relocating to Florida in 2001, she worked as a legal assistant for Rogers Towers and also has obtained her sales associate real estate license in the State of Florida. Block One Ventures is a commercial real estate development company Block One Ventures is staffed by a team of investment professionals of real estate product types and cycles. Currently, Block One Ventures is focused on urban infill and coastal opportunities Block One Ventures is a commercial real estate development company focused on acquiring exceptionally high quality real estate with long term potential for significant value creation. Currently, Block One Ventures is focused on urban infill and coastal opportunities in and around secondary southeastern markets. Block One is backed by a discretionary proprietary equity source. Block One is able to make quick investment decisions, providing improved certainty of close for property sellers. The Block One team has significant experience in developing, redeveloping, financing and operating a wide variety of product types including retail, multifamily, mixed-use and office. This breadth of experience allows Block One Ventures to focus strictly on the quality of the underlying real estate. Mr. Hobby is directly responsible for the operation and profitability of all Block One operations and projects. Previously, he spent 13 years as Vice-President of Case Pomoroy Properties, a privately held real estate development and investment management firm headquartered in New York, New York with offices in Jacksonville, Florida. While at CPP, he was involved in the execution of over 40 individual projects throughout the Southeastern U.S., reflecting aggregate equity investments of over $200mm with an estimated development value of over $800mm. He directly oversaw the investment analysis and development process including land acquisition, planning, development, construction, stabilization, financing and sales. He is a past board member of the University of Georgia’s Terry College of Business, a current Full member of the Urban Land Institute (ULI) and a member of the ULI Small-Scale Development Council. Mr. Hobby holds an undergraduate business degree in Finance (1994) and a master’s in business administration in Finance and Real Estate (2000), both from the University of Georgia. Mrs. Chitwood oversees all Block One administrative functions and provides support working alongside Mr. Hobby to coordinate tasks on both the operations and construction projects. She has over twenty years of executive administrative experience in the real estate, legal and consulting fields. Originally from Atlanta, Mrs. Chitwood worked for McKinsey & Company, a worldwide management consulting firm, as an Executive Assistant for several partners. She attended the University of Georgia and holds an undergraduate business degree in administrative systems from the University of West Georgia. Since relocating to Florida in 2001, she worked as a legal assistant for Rogers Towers and also has obtained her sales associate real estate license in the State of Florida. Block One Ventures is a commercial real estate development company Block One Ventures is staffed by a team of investment professionals