Comstock Forms JV With Peraton to Acquire Herndon Campus; Books $4.1M Fees, Invests $5M

Comstock advanced its Herndon, Virginia development by forming joint ventures and closing on a 6.77-acre office campus at 2200 Woodland Pointe Avenue. The company partnered with Peraton to establish Woodland Holding Company, invested $5.0 million, and recognized $4.1 million in acquisition and leasing fees at closing, with additional construction and development fees expected. Comstock and Comstock Partners also formed an 85/15 holding JV, while a Comstock affiliate supplied a short-term bridge loan to expedite closing ahead of third-party refinancing. Comstock secured asset and property management mandates for the campus, which will be developed as a build-to-suit for Peraton.Agreement 1: Comstock Forms JV With Peraton to Acquire Herndon Campus; Books $4.1M Fees, Invests $5MAgreement type: Joint venture agreement to form Woodland Holding CompanyCounterparty: PeratonSigned / Effective: Apr 06 2026 / sameDuration / Termination: At willReason: Acquire and develop a build-to-suit office campus for PeratonAgreement 2: Comstock and Comstock Partners Create 85/15 JV to Back Woodland Campus AcquisitionAgreement type: Joint venture agreement to form Comstock Woodland JV Holding Company (85/15)Counterparty: Comstock PartnersSigned / Effective: Apr 06 2026 / sameDuration / Termination: At willReason: Capitalize the acquisition and development of the Herndon campusAgreement 3: Comstock Buys 2200 Woodland Pointe Avenue Campus via JV Under Oct. 31, 2025 Purchase PactAgreement type: Purchase and sale agreement for 2200 Woodland Pointe Avenue office campusCounterparty: Undisclosed sellerSigned / Effective: Oct 31 2025 / Apr 06 2026Duration / Termination: One-timeReason: Secure site for Peraton build-to-suit campusAgreement 4: Comstock Affiliate Provides Short-Term Bridge Loan; Refinance Targeted Within 60 DaysAgreement type: Short-term bridge loan to Woodland Holding CompanyCounterparty: Comstock PartnersSigned / Effective: Apr 06 2026 / sameDuration / Termination: Approximately 60 days (expected refinance)Reason: Expedite closing ahead of third-party financingAgreement 5: Comstock Secures Asset and Property Management Mandates for Woodland CampusAgreement type: Asset management and property management services agreementsCounterparty: Woodland Property CompanySigned / Effective: Apr 06 2026 / sameDuration / Termination: Project termReason: Generate fees while overseeing development and operationsOriginal SEC Filing: Comstock Holding Companies, Inc. [ CHCI ] - 8-K - Apr. 10, 2026DisclaimerThis is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.