YELLOW HAT CONSTRUCTION I

YELLOW HAT CONSTRUCTION I concentrates in multifamily alteration in New York City (80% of its 169 segment-eligible permits), with secondary activity across 5 other segments. Its permit record in New York City spans 2016–2026. Reliable permit valuations total ≈$7.3M (across the 50% of filings with a valuation we can stand behind). Filing activity is steady over the last 90 days versus the prior 90.