---
title: "Comstock Launches 50/50 Oklahoma AI Land JV, Commits Up to $11M; JV Receives $10M Assets"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289332891.md"
description: "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."
datetime: "2026-06-10T13:03:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289332891.md)
  - [en](https://longbridge.com/en/news/289332891.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289332891.md)
---

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

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**

-   **Agreement type**: Limited Liability Company Agreement for Oklahoma AI Ventures
-   **Counterparty**: Eagle Road
-   **Signed / Effective**: Jun 04 2026 / Jun 04 2026
-   **Duration / Termination**: At will
-   **Reason**: Develop AI and data center campuses in Oklahoma

**Agreement 2: Comstock JV Receives $10M Oklahoma Assets; Rising Eagle Admitted as Land Member**

-   **Agreement type**: Contribution Agreement for surface and midstream assets
-   **Counterparty**: Eagle Road and affiliates
-   **Signed / Effective**: Jun 04 2026 / Jun 04 2026
-   **Reason**: Assemble land and rights for AI campus development

**Agreement 3: Comstock JV Secures Right of First Offer on Additional Oklahoma Properties From Eagle Road**

-   **Agreement type**: Right of First Offer on certain Oklahoma properties
-   **Counterparty**: Eagle Road and Rising Eagle
-   **Signed / Effective**: Jun 04 2026 / Jun 04 2026
-   **Reason**: Secure pipeline of additional land opportunities

Original SEC Filing: Comstock Holding Companies, Inc. \[ CHCI \] - 8-K - Jun. 10, 2026

**Disclaimer**

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.

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