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After Hurricane Katrina, I was enticed to travel to Mississippi to assess the real estate market and the condition of the overall economy.  In 2001, I personally witnessed the September 11th terrorist attacks in New York City, and thought that I would never again see destruction quite like it again in my life.  Fast forward to several years later.  After Katrina I was National Sales Director and Construction Advisor to one of the largest privately held construction lenders in the country.  With extensive knowledge in several different concepts of construction, finance structure, and detailed market analysis, my goal was to find a way to participate in the revitalization and rebuilding efforts of the Mississippi Gulf Coast, and also to extend our financing products to builders who were starting to feel the constriction of the lending industry, in order to achieve a quick solution to the affordable housing crisis.

Arriving in Biloxi in December of 2005, the same month the Go Zone was introduced by Congress, I saw a drastic need for repair.  Infrastructure, debris, and landscape were just some of the factors left in the wake of Katrina.  Immediately after the Go Zone Opportunity Zone Act was introduced, there was a real estate frenzy for that holy grail of tax incentives.  With prices all over the map, I felt that the risk factor was superceding the good opportunity that was created.  In one area of Hancock County, prices quickly reached in the mid teens.  When putting together the numbers, the pro forma would just not pencil the way I wanted them to.  At the time, the only way I would proceed in putting my own money out there, let alone, the money of my clientele, was to have a unit with a 5 year sustainable rental rate.  Factoring the median income versus housing prices, Gross Rent Multipliers, etc., I put this in conjunction with businesses re-opening and additional employers breaking ground on new buildings.  Think about it; In 2006, there was a glaring need for homes, however, very few people could afford the rent.  Some had not received their government assistance yet, and others were out of a job and did not have a steady income.  Thus, the good people of Mississippi were forced into living in FEMA's temporary homes, which were nothing but single-wide trailers.

Today is a new day.  As our team is putting continuous efforts to construction, we also pride ourselves on our vast knowledge we have learned from FEMA and the local community leaders, most who have become our personal friends. 

It gives us great pride to have one of the truly most affordable solutions to the Gulf Coast.  As a builder, we have also Joint Ventured with additional builders to combine our efforts in different areas. With property managers, exclusive lenders, and consultants readily on hand, we have formed a unique "Power Team" to assist in your wealth building strategy.

Our passion is construction. 
Our commitment is to you.
Information herein this website is for informational purposes only.  GREN Realty, Inc and AJA Holdings, LLC deem information reliable but not guaranteed.  As in all real estate investments, GREN Realty, Inc and AJA Holdings, LLC advise prospects to perform their own due diligence.  GREN Realty, Inc and AJA Holdings hold no liability for the value performance of any property.
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One week after Hurricane Katrina in Ocean Springs, MS

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 Building our first duplex built of concrete construction.  This duplex photo is narrowed in width.  The width is realistically longer.  Our intentions was to give you an impression of what one looked like under construction.


AJA Holdings & Derby Homes Inc.

In conjunction with Scott Allan, Derby Homes has made a positive impact in the Ocean Springs and Gulfport real estate and construction markets.  Utilizing only CBS (Concrete Block & Steel) construction, we feel that the integrity of a construction plan should fit the needs and provide stability to any type of weather adversity. 

With experience of building over 400 duplexes and single family homes, we feel that we provide the most cost effective and efficient model along the entire gulf coast. 

Come see our area for yourself.  Not only does our location exceed gulf coast living, but our cost is much lower than 99% of the competition with a tremendous amount of detail.