Yes, part of the property is in the floodplain. From what we’ve seen, the recent flood reached about the 100-year flood line. That said, there’s roughly half of the property at a higher elevation that wasn’t impacted, so there’s still plenty of usable space depending on how it’s developed.
A lot of investors look at a mix of uses—keeping higher elevations for more permanent improvements and utilizing lower areas for things like RV setups or recreational use.