<div><div></div><div>Comstock formed a 50/50 joint venture with Eagle Road to acquire and develop land for large-scale AI and data center campuses in Oklahoma. Comstock will fund up to $6.0 million, may add $5.0 million for predevelopment, and will pay $2.5 million to Jericho for services, with an 8% preferred return and a 50/50 split of remaining proceeds. The JV also received a $10 million package of leases, rights-of-way, easements and approximately 60 miles of gathering pipeline, with Rising Eagle admitted as Land Member and a 15-year area of mutual interest established. Separately, the JV secured a right of first offer on additional Oklahoma properties to expand its development pipeline.Agreement 1: Comstock Forms 50/50 Oklahoma AI Land JV With Jericho Affiliate; Commits Up to $11M<ul><li>Agreement type: Limited Liability Company Agreement for Oklahoma AI Ventures</li><li>Counterparty: Eagle Road</li><li>Signed / Effective: Jun 04 2026 / Jun 04 2026</li><li>Duration / Termination: At will</li><li>Reason: Develop AI and data center campuses in Oklahoma</li></ul>Agreement 2: Comstock JV Receives $10M Oklahoma Assets; Rising Eagle Admitted as Land Member<ul><li>Agreement type: Contribution Agreement for surface and midstream assets</li><li>Counterparty: Eagle Road and affiliates</li><li>Signed / Effective: Jun 04 2026 / Jun 04 2026</li><li>Reason: Assemble land and rights for AI campus development</li></ul>Agreement 3: Comstock JV Secures Right of First Offer on Additional Oklahoma Properties From Eagle Road<ul><li>Agreement type: Right of First Offer on certain Oklahoma properties</li><li>Counterparty: Eagle Road and Rising Eagle</li><li>Signed / Effective: Jun 04 2026 / Jun 04 2026</li><li>Reason: Secure pipeline of additional land opportunities</li></ul>Original SEC Filing: Comstock Holding Companies, Inc. [ CHCI ] - 8-K - Jun. 10, 2026<section>Disclaimer<div>This 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.</div></section></div></div>

CHCI

Comstock Holding Companies formed a 50/50 joint venture with Eagle Road to develop AI and data center campuses in Oklahoma. Comstock commits up to $11 million, including funding and predevelopment costs. The JV received $10 million in assets, such as leases and pipelines, and secured rights of first offer on additional properties.

Comstock Launches 50/50 Oklahoma AI Land JV, Commits Up to $11M; JV Receives $10M Assets