CHCI News & Events

Comstock Holding Companies has completed the acquisition of The Reed, a 417-unit Class A multifamily property located at 15955 Frederick Road in Rockville, Maryland. The acquisition was completed on behalf of a joint venture between the Company and a third-party Benefit Street Partners-advised institutional fund. Comstock Partners, LC, a privately held affiliate of the Company, co-invested in the joint venture. Two wholly owned subsidiaries of Comstock, CHCI Residential Management and ParkX Management, will provide best-in-class, customer-focused property management services for The Reed.

Jericho Energy Ventures (JROOF) announced the appointment of Christopher Clemente, Chairman and CEO of Comstock Holding Companies (CHCI), to its Board of Directors, effective March 2, 2026.

Jericho Energy Ventures (JROOF) entered into a letter of intent, dated February 11, with Comstock Holding Companies (CHCI), pursuant to which the parties have committed to establish a strategic partnership focused on the acquisition and development of land in and around Jericho's existing energy assets in Oklahoma. As part of the proposed joint venture, Comstock has agreed to invest in Jericho through an initial non-brokered private placement for gross proceeds of $1.5M, subject to applicable regulatory approvals, including acceptance by the TSX Venture Exchange. The Financing will consist of 25,684,932 units priced at C$0.08 per unit. Each Unit will be comprised of one variable voting share of the Company and one-half of one share purchase warrant. Each two Warrants will entitle the holder to acquire one variable voting share at an exercise price of C$0.20 per Warrant Share, exercisable for a period of 24 months from the date of issuance. In addition, the Company may, at its discretion and subject to investor demand, offer up to an additional 20,000,000 Units under the private placement on the same terms as Comstock's investment. Comstock's CEO Chris Clemente, is expected to join Jericho's board of directors following receipt of Exchange approval. Net proceeds from the Financing will be used to accelerate development of Jericho's planned flagship AI data center campus and related energy-infrastructure in Oklahoma and for general working capital needs. When consummated, the joint venture is expected to focus on assembling a portfolio of strategically located land that integrates Jericho's subsurface energy infrastructure assets with surface land interests, supporting the development of large-scale AI data center campuses and related digital infrastructure. Comstock is currently expected to contribute $6M into the newly formed JV. In addition, it will have the opportunity, at its discretion, to either participate in a subsequent private placement financing to Jericho or cause an indirect capital contribution from the JV to be distributed to Jericho.

Booz Allen (BAH) and Comstock (CHCI) announced Booz Allen will relocate its global headquarters from McLean, Virginia to Reston, Virginia. The company will occupy a newly constructed facility in The Row at Reston Station-the newest phase of Comstock's Reston Station development-designed to upgrade and enhance the Booz Allen employee experience while streamlining operating costs. Interior build-out in the recently completed building is scheduled to begin in Summer 2026, with the new space expected to open in Fall 2027.