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GLEI • CIK 0001871890
Development of Business Overview We intend to commence business operations by offering real estate management services for clients that focus on cost efficient operations and tenant retention on a range of properties including residential housing and Class A, B, and C office space, as well as industrial, manufacturing, retail, and warehousing facilities. We also intend to provide our clients with real estate consulting services, including market analysis and modeling, market forecasts, lease and asset management, site selection, feasibility studies, sales and exit strategies, strategic planning, organizational design, capital management, and research services. We intend to commence operations in the Las Vegas, Nevada area due to the significant demand for real estate management services there and the proximity of our management team to that city. We were only incorporated on March 24, 2021, and have not commenced pursuing our business plan because we have been focused on raising the initial capital to fund our business operations. From our incorporation on March 24, 2021, to July 31, 2025, we have incurred an accumulated deficit of $116,661. To date, we have raised an aggregate of $83,400 through the sale of our common stock. Proceeds from these sales were used to fund the filing of our registration statement and will be used for working capital. Further losses are anticipated in the development of our business. As a result, our auditor has expressed substantial doubt about our ability to continue as a going concern. Anticipated Services We intend to provide clients with two principal types of services: (1) property management; and (2) property consulting. Property Management Services As property managers, the services that we intend to provide to owners of residential, commercial, and industrial properties include: · completing an initial evaluation of properties and working with the owners to determine a target rental or lease rate; · gathering comparable rental and lease rates in the area of the properties; · reviewing the properties to determine if any repairs or upgrades should be recommended to the owners to increase rental or lease value; · gathering detailed information regarding the features of the properties, including interior and exterior photographs; 1 · discussing with the owners the policies that they would like to implement with respect to the rental or lease arrangements (e.g., acceptability of pets in a residential property; acceptable uses for commercial and industrial properties); · marketing the properties for rent or lease by creating advertisements in various media including online, print, onsite signage, and fliers depending on the suitability of each medium for the type of property involved; · answering potential tenant and lessee inquiries; meeting with them to view properties; and collecting applications and deposits; · performing background and credit checks on prospective tenants and lessees; · communicating with the property owners regarding prospective tenants and lessees; · preparing and overseeing the execution of lease agreements; · performing move-in inspections with tenants and lessees and having them execute a report verifying the condition of the property prior to the lease commencement date; · collecting security deposits, rents, and lease payments; · pursuing late payments and fees; · where necessary, preparing the necessary paperwork to evict or commence an unlawful detainer action; · performing periodic property inspections and providing the results of each inspection to the owner if there are concerns regarding the condition of the property; · providing accounting services to document and record cash inflows and outflows, as well as related invoices, receipts, and payment information; · preparing monthly cash flow statements and annual reports of financial results including required tax documents for the owners; · overseeing maintenance and repairs on properties; and · managing tenant and lessee move-out including inspections, damage assessment, and damage deposit returns. We intend to generate revenue by charging owners a set monthly fee for our property management services, which will usually be based on a percentage of the revenue that a rented or leased property generates. Such fees will vary depending on the type of property involved, the amount of work that we will have to perform, and the rates that competitors charge for similar services.…