joining operational financial quarter second call. conference Thank XXXX for you our and
today. Erin also Pickens Chief Our Officer, Financial here with is me
the the focus discussing during and will you we several of safe your time. by the staying begin manage position discuss in pandemic. areas are As this always, I seeing hope to costs our that impacts healthy trends and and business, to market call and related our the during families our then liquidity are liquidity I like in on would I
quarter, in the improvement cases strategy conditions. COVID-XX long-term would COVID-XX Texas. an market current second course market across but that shown had Lastly, I We instead we will mandated seen reiterate our restriction of increased the the have renewed have remains rate situation and of in government hoped during intact, how even
pandemic, intensive least this where the of progress important caused development cautious the the and the several value entitlement very of given remain we we projects created. capital continue through portion uncertainties believe by is is Although phase which we process, the to development,
We processes are the but ready. construction that entitlement market with the [ph], to will along proceed only we confident will is when continue move long
fall. W Live XTEN been and to Live events Our Last venues we by ACL mentioned or will Hotel severely been all summer most, ACL and scheduled for expect that many the rescheduled, had rescheduled canceled that canceled and and impacted not Unfortunately, we and health also have if have be conditions quarter, unless continue be events the events remaining our of we improve. these or of pandemic. several
venues, management with of team much to the we our or the Currently, the develop with of we capturing as possible. cannot W continues Our operate existing would goal normally as concert usual programing [indiscernible]. as market Hotel ideas
We creative venue as small such health hosting are providing options, local promoting recommendations tours while events. local following and
levels, with Although will us in community. these revenue engaged enable not remain to historical they the events do generate local
renovation modest we including of with is reserves and proceeding the coordination existing operator. spaces a public guest still the using the while enhance utilization low, hotel subject the of considering Additionally, with hotel approvals, various property, hotel to are rooms to
reduction pandemic last quarter, Turning scenario the and and in as the Real to collections. Estate our Operations, for forecasted impacts rent previously Leasing mentioned of planning we significant conducted a
and collections at been anticipated. downside previously higher deferring than forecast than our lower a have we rent receiving our However, payments rate
and fairly market consider single-family evolving projects. in Moving the our monitor been unpredictable strong pandemic, will and has future lots forward, case-by-case a for for multiple Throughout conditions rent any request the on to units ongoing we evidenced deferrals and basis. continue multi-family demand the
N and First, redesign of and in Creek. progress have seen KLO Sections continued we Barton
to adhering will development for while to We current valuable shareholders. with create expect design the space our We long-term of increased believe ordinances. sustainable open combine practices natural strategy our significantly assets use density, to
Second, and this we construction four believe are the strong advancing Creek we in of in phase. interest is there units the Amarra next Villas Barton
continues Class Suburban perform well. the A to Third, multi-family sector
for We expect working year-end XXX unit multi-family we securing be to HEB-anchored are appropriate and property Amarra two unit have Place structure approximately existing from by on next we units year. advancing expected Fourth, to final are and approvals also project recently the early within capital other project multi-family and the development, rezoned Houston in Lantana area. the our XXX within Kingwood XXX Place [indiscernible] projects finalized
grocery permits secured, in with this the as Lantana Fifth, to in our three project estimate XXXX during And the and was Saint of Circle be reaching Drive currently environment. XX% we The or XX, of within We Place Sixth, late consisting second we units we XXXX sold Amarra XXXX. next anticipate community store-anchored June performed have lots Mary, C are quarter leased projects multi-family challenging our months. expect the forward approximately stabilization well the which generating $X.X XXX revenue. move few finally, economic project, million when to early single-family
we projects. for evaluate and so, HEB-shadowed also continue anchored And to potential sites new
our taking on the the pandemic next and certainty. At to service other we quarter time, our extraordinary believe Company have ample of during third continue the for we cash impact and XXXX, any meet the without measures. to we and cannot expect at its debt future obligations this with liquidity XX months, predict We beyond that impact any least
will million facility throughout $XX credit our further pandemic. extended this our also which to support position liquidity XXXX, September We
and such consistent sales and with flows on we new prior from investments navigate the refinancing by recent We have pandemic our existing derived for We Leasing to evaluating options savings its projects lot ordinary promoting properties. future our course manage increasing focus point identified uncertainty areas for cash leasing; our liquidity XXXX, consistent with prudent operations assessing in that revenue several this operate monetize focusing protecting our a Despite the or and align remain the permitting; opportunities selling established operations monitoring and Block assets activity strategy; of during XX our cost conditions pandemic, first in and of breakeven through spending enhancing with permits economic evaluating well-established at in cost own to certain as business and our to a pursuing as striving initiatives; business to entitlement health planning intact. half business gradual ramp-up this of remains entitlements objectives. and and strategy, strategy and ongoing unique long-term long-term Stratus' selectively our and
allow proven provide Texas. a have we to develop have created partnerships, relationships and and value that strategy We and model communities across which us properties operating valuable to
selectively new opportunities longer-term second model. business call XXXX to projects continue results. will the to Erin? review Going consistent with our quarter that for over I are for will of assess forward, a we turn our financial now Erin
