Ideal Group Signs Sales Agreement to Begin Its Premiere Real Estate Development Project in South Carolina
Ideal Group of Companies (OTC Pink: IDGR) has signed a purchase agreement for a 10.67-acre land parcel in Anderson, South Carolina to develop its premiere real estate project. The multi-phase project aims to build and sell semi-custom, multi-family homes, including townhouses and condominiums, with a projected value of over $40 million at completion for phase one.
The company acquired the parcel from H & L Innovations , which will retain a 16% share. The project will begin with site prep, design, and construction of the first 16 townhouses. Ideal Group plans to deliver premium, affordable housing options in response to South Carolina's population growth from domestic and international migration.
This development marks the start of Ideal Group's expansion in South Carolina, with potential for mixed-use development in future phases. The company aims to create value for both residents and shareholders through this strategic real estate venture.
Ideal Group of Companies (OTC Pink: IDGR) ha firmato un accordo di acquisto per un terreno di 10,67 acri a Anderson, Carolina del Sud, per sviluppare il suo progetto immobiliare di punta. Il progetto, articolato in più fasi, prevede la costruzione e vendita di abitazioni multifamiliari semi-personalizzate, tra cui case a schiera e condomini, con un valore previsto di oltre 40 milioni di dollari al termine della fase uno.
L'azienda ha acquisito il terreno da H & L Innovations, che manterrà una quota del 16%. Il progetto inizierà con la preparazione del sito, la progettazione e la costruzione delle prime 16 case a schiera. Ideal Group intende offrire opzioni abitative premium e accessibili in risposta alla crescita della popolazione della Carolina del Sud, proveniente da migrazioni interne ed internazionali.
Questo sviluppo segna l'inizio dell'espansione di Ideal Group nella Carolina del Sud, con un potenziale per sviluppi a uso misto nelle fasi future. L'azienda punta a creare valore sia per i residenti che per gli azionisti attraverso questa strategica iniziativa immobiliare.
Ideal Group of Companies (OTC Pink: IDGR) ha firmado un acuerdo de compra para una parcela de terreno de 10.67 acres en Anderson, Carolina del Sur, para desarrollar su proyecto inmobiliario más importante. El proyecto, que se llevará a cabo en múltiples fases, tiene como objetivo construir y vender viviendas multifamiliares semipersonalizadas, incluidas casas adosadas y condominios, con un valor proyectado de más de 40 millones de dólares al finalizar la fase uno.
La empresa adquirió la parcela de H & L Innovations, que mantendrá una participación del 16%. El proyecto comenzará con la preparación del sitio, el diseño y la construcción de las primeras 16 casas adosadas. Ideal Group planea ofrecer opciones de vivienda asequibles y de alta calidad en respuesta al crecimiento de la población de Carolina del Sur debido a la migración nacional e internacional.
Este desarrollo marca el inicio de la expansión de Ideal Group en Carolina del Sur, con potencial para desarrollos de uso mixto en fases futuras. La empresa busca crear valor tanto para los residentes como para los accionistas a través de esta iniciativa inmobiliaria estratégica.
이상적인 그룹(OTC Pink: IDGR)이 사우스캐롤라이나주 앤더슨의 10.67 에이커 토지에 대한 구매 계약을 체결하여 프리미엄 부동산 프로젝트를 개발합니다. 이 다단계 프로젝트는 타운하우스와 콘도미니엄을 포함한 세미 맞춤형 다가구 주택을 건설하고 판매하는 것을 목표로 하며, 1단계 완료 시 예상 가치는 4000만 달러 이상입니다.
회사 는 H & L Innovations로부터 이 토지를 인수하였으며, 이들은 16%의 지분을 유지합니다. 이 프로젝트는 첫 번째 16채의 타운하우스의 현장 준비, 설계 및 건설로 시작됩니다. 이상적인 그룹은 국내외 이주로 인한 사우스캐롤라이나의 인구 증가에 대응하여 프리미엄이고 저렴한 주택 옵션을 제공할 계획입니다.
이 개발은 이상적인 그룹의 사우스캐롤라이나 확장의 시작을 알리며, 향후 단계에서 혼합 용도 개발의 잠재성을 가지고 있습니다. 회사는 이 전략적 부동산 사업을 통해 거주자와 주주 모두에게 가치를 창출하는 것을 목표로 하고 있습니다.
Le groupe Ideal (OTC Pink: IDGR) a signé un accord d'achat pour une parcelle de terrain de 10,67 acres à Anderson, Caroline du Sud, afin de développer son projet immobilier phare. Ce projet en plusieurs phases vise à construire et vendre des maisons multifamiliales semi-personnalisées, y compris des maisons de ville et des condominiums, avec une valeur projetée de plus de 40 millions de dollars à l'achèvement de la première phase.
L'entreprise a acquis la parcelle auprès de H & L Innovations, qui conservera une participation de 16%. Le projet commencera par la préparation du site, le design et la construction des 16 premières maisons de ville. Le groupe Ideal prévoit de proposer des options de logement haut de gamme et abordables en réponse à la croissance de la population en Caroline du Sud due à la migration intérieure et internationale.
Ce développement marque le début de l'expansion du groupe Ideal en Caroline du Sud, avec un potentiel de développement à usage mixte dans les phases futures. L'entreprise vise à créer de la valeur tant pour les résidents que pour les actionnaires grâce à cette initiative immobilière stratégique.
Die Ideal Group of Companies (OTC Pink: IDGR) hat einen Kaufvertrag für ein 10,67 Acre großes Grundstück in Anderson, South Carolina, unterzeichnet, um ihr wichtigstes Immobilienprojekt zu entwickeln. Das mehrphasige Projekt zielt darauf ab, halbbauträgergebundene, mehrfamilienhäuser zu errichten und zu verkaufen, einschließlich Reihenhäusern und Eigentumswohnungen, mit einem voraussichtlichen Wert von über 40 Millionen Dollar bei Abschluss der ersten Phase.
Das Unternehmen hat das Grundstück von H & L Innovations erworben, die eine 16%ige Beteiligung behalten werden. Das Projekt beginnt mit der Standortvorbereitung, dem Design und dem Bau der ersten 16 Reihenhäuser. Die Ideal Group plant, erstklassige, erschwingliche Wohnmöglichkeiten als Reaktion auf das Bevölkerungswachstum in South Carolina durch inländische und internationale Migration anzubieten.
Diese Entwicklung markiert den Beginn der Expansion der Ideal Group in South Carolina, mit Potenzial für Mischentwicklung in zukünftigen Phasen. Das Unternehmen hat sich zum Ziel gesetzt, sowohl für die Bewohner als auch für die Aktionäre durch dieses strategische Immobilienprojekt Werte zu schaffen.
- Acquisition of 10.67-acre land parcel for real estate development in Anderson, South Carolina
- Projected value of over $40 million for phase one of the project
- Plans for multi-phase development including townhouses and condominiums
- Strategic location in a growing market with high domestic and international migration
- Potential for mixed-use development in future phases
- None.
Ideal Group kicks off its South Carolina development plans with the purchase of a 10.67-acre development land parcel in the city of Anderson
Anderson, South Carolina--(Newsfile Corp. - September 5, 2024) - Ideal Group of Companies, Inc. (OTC Pink: IDGR) ("Ideal Group" or the "Company") has signed a purchase agreement for an initial 10.67-acre land parcel located in Anderson, South Carolina for development of its premiere real estate project. Based on the planned configuration, phase one of the project has a projected value of over
Ideal Group's plans call for a multi-phase project to build and sell semi-custom, multi-family homes, including townhouses and condominium units on the land parcel. The project is expected to begin with phase one, which encompasses the site prep, design, and construction of the first 16 townhouses.
Ideal Group of Companies, Inc. signed the deal to acquire the parcel from H & L Innovations LLC of Brownsville, Texas, which will retain a
Robert Egeland, who oversees Ideal Group's real estate development and financing subsidiaries, states, "This is a great property that is very well suited to position our showcase real estate development project in South Carolina. Our planning calls for a mixed-use development that may include semi-custom townhomes, condominiums, and multifamily homes. We are currently working on the optimal configuration to provide the best value and premium living spaces that will set the standard for the additional phases."
South Carolina is one of the states that has benefited most from the mass migration away from heavy tax burdens and government overreach. Statistics on the region's migration patterns indicate that 706,266 people were added via net domestic migration in 2023, while net international migration contributed almost 500,000 in the same period (Source: US Census Data). Anderson is especially well situated for new multifamily real estate development with its easy access and central location.
"We expect to deliver premium housing options that fit the lifestyle people are now looking for in South Carolina. That means real value and affordability. We want to build as part of a growing, vibrant community, and at the same time return excellent value to our shareholders," states Charles Cardona, CEO of the Ideal Group of Companies.
"This project signals the kickoff of a great season ahead for Ideal Group. We are fully invested in creating a winning project that sets the tone for the next phases and our other planned projects in the works," Cardona adds.
About Ideal Group of Companies Inc.
Ideal Group of Companies Inc. (idealgroupcorp.com) is a diversified real estate and financing company. Its real estate development division under the brand Eclipse Real Estate Development is engaged in acquiring, developing, and operating multifamily, mixed-use, commercial, and residential real estate, vacation rentals, RV resorts, and housing development projects. Its mortgage brokerage division under Oxygen Mortgage Inc. provides consumer mortgage services and, through Oxygen Commercial, provides financing for commercial projects. Ideal Group Inc.'s wholly owned subsidiary, Portfolio Partners, Inc., is the parent company of Travel Zen, Inc., which acquires deeds to fractional timeshares in a portfolio of premium resorts at some of the most popular resorts in the USA. For more information, visit idealgroupcorp.com.
Contacts:
Ideal Group of Companies Inc.
Tel. +1-833-433-2599 Ext. 2
Charles Cardona, CEO
ccardona@idealgroupcorp.com
DISCLAIMER and FORWARD-LOOKING STATEMENTS
Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the Company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; and the volatility of the Company's operating results and financial condition. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates, and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct. Investors are cautioned that actual results may differ materially from the anticipated results.
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FAQ
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