NewVida Preserve is a 1,200-acre stabilized, high-growth resort located in the Adirondack High Peaks near Whiteface Mountain and Lake Placid. Following a successful repositioning, the property has demonstrated exceptional operating momentum, achieving 440% yoy EBITDA growth in 2025. While the property is available for purchase at $9M, the primary opportunity being presented is a $7M preferred equity investment alongside the Current Sponsor to execute a capital-efficient expansion strategy that leverages public grants and a partial hotel-condo model to drive a projected 26%+ IRR, 40%+ capital returned by Year 2 and a 35%+ Yield on Cost. Investors benefit from the partnership of the Current Sponsor, a former Google and McKinsey executive, successful entrepreneur and operator that has key working relationships with local municipalities and regional regulatory agencies, including the Adirondack Park Agency and Department of Health. Highlights: • Performance-Backed Growth: Following a successful repositioning, the asset demonstrated strong operating leverage in 2025, with total income growing by 24% while operating expenses decreased by 2%. • Strategic Valuation Arbitrage: Entry valuation of approximately $9M represents a significant discount relative to an estimated replacement cost of roughly $15M, providing meaningful equity protection. • Shovel-Ready Expansion Plan: A 25-cabin expansion plan is already engineered to increase the key count to 40, utilizing areas already suitable for development with no permitting complexity and no local zoning requirements. • Development Potential: This baseline expansion plan is only 20% of the available development capacity across the properties extensive landholding. • Capital-Light Expansion: Expansion strategy incorporates public grants and a hybrid hotel-condo structure to significantly reduce required capital while accelerating EBITDA growth to a targeted $2.4M stabilized at a 40% margin. • "Captive Audience" Revenue Multiplier: Increased lodging capacity will drive higher utilization of existing already existing F & B, Wellness services and Events amenities, which currently account for over 55% of total income.