Comstock forms Oklahoma AI data center JV with Jericho; $10M asset contribution, $6M capital commit

Comstock Holding Companies, Inc.

Oklahoma AI Ventures JV to develop AI data centers on ~18,000 acres in Pawnee & Noble counties.
Comstock commits up to $6M in capital (incl. $250K initial + $2.5M service fee); Jericho contributed assets valued at $10M.
Each member holds 50% stake; Comstock is administrative member managing day-to-day operations.
Development options secured on >4,000 acres; JV aims to monetize via powered-land sales, ground leases, or turnkey assets.
15-year right-of-first-offer covers additional Jericho properties in Seminole, Pottawatomie, Blaine, Creek counties.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Comstock Holding Companies, Inc. entered into Limited Liability Company Agreement (JV Agreement) with Eagle Road Oil, LLC valued at $250,000 initial contribution; $2,500,000 execution payment; up to $5,750,000 additional budgeted co (effective 2026-06-04).

Action: entry
Agreement: collaboration
Counterparty: Eagle Road Oil, LLC
Value: $250,000 initial contribution; $2,500,000 execution payment; up to $5,750,000 additional budgeted co
Effective: 2026-06-04

Exact text from the filing

On June 4, 2026, Comstock Holding Companies, Inc. (the “Company”), through a wholly owned subsidiary, CHCI Oklahoma Ventures LLC (“CHCI Oklahoma”), entered into the Limited Liability Company Agreement (the “JV Agreement”) of Oklahoma AI Ventures LLC, a Delaware limited liability company (the “Joint Venture”), with Eagle Road Oil, LLC, a Delaware limited liability company (“Eagle Road”).

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Comstock Holding Companies, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-26-042075

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