Safe and Green Development Corporation - SGD STOCK NEWS

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Safe and Green Development Corporation (SG Devco) (NASDAQ: SGD) is a forward-thinking real estate development company established in 2021. The company specializes in the development of properties using purpose-built, prefabricated modules made from wood and steel. These modules are sourced from Safe & Green Holdings factories, allowing for efficient, sustainable, and innovative construction. SG Devco's mission is to develop resilient and eco-friendly single and multifamily projects that cater to all income and asset classes.

The company's flexible business model enables it to develop properties both independently and through strategic joint ventures with third-party equity investors or other developers. This adaptability has allowed SG Devco to remain a dynamic player in the ever-evolving real estate market.

SG Devco has achieved numerous milestones in 2024, demonstrating its strategic vision and operational excellence. Notable transactions include the anticipated sale of the St. Mary property and the Lago Vista parcel, both of which are expected to significantly bolster the company's financial position. Additionally, SG Devco has secured financing for the Norman Berry acquisition, further expanding its development portfolio.

In terms of technological innovation, SG Devco's majority-owned subsidiary, Majestic World Holdings LLC, has developed the XENE Home Platform. This prop-tech solution leverages advanced AI technology to create a decentralized real estate marketplace. The platform integrates banks, institutions, home builders, clients, agents, vendors, gig workers, and insurers into a seamless, AI-driven ecosystem. XENE aims to enhance value for real estate professionals and home buyers, offering a comprehensive suite of tools for optimized decision-making.

SG Devco recently acquired MyVONIA, an advanced AI assistant designed to simplify daily tasks and improve productivity for users. MyVONIA utilizes machine learning and natural language processing to provide personalized, human-like interactions via text messaging, eliminating the need for an app or website. The company has already integrated MyVONIA into the XENE platform, further enhancing its functionality and user experience.

SG Devco continues to make significant strides in the real estate industry, driven by strategic endeavors, technological advancements, and a robust development pipeline. The company's commitment to sustainable and innovative building practices positions it favorably for ongoing success.

01/16/2024 10:15 AM

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Safe and Green Development Corp Provides Xene AI Software Expansion Plans

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Safe and Green Development Corporation (SGD) collaborates with Majestic World Holdings to roll out the Xene AI Software platform, aiming to revolutionize the real estate sector. The platform, powered by advanced AI technology, is designed to create a decentralized and interconnected ecosystem, streamlining property transactions and offering a cost-effective alternative to traditional buyers' agent models. The beta launch was a success, attracting nearly 300 licensed real estate agent members in under eight hours. Post-launch, a waiting list of nearly 500 licensed real estate agents and over 100 active real estate investors was garnered, positioning 2024 as a landmark year for both organizations.

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01/09/2024 09:00 AM

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Safe and Green Development Corporation Announces Strategic Property Monetization Initiative throughout 2024

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Safe and Green Development Corporation (SG Devco) (NASDAQ: SGD) announces a strategic plan to monetize its real estate holdings in 2024, starting with the Contribution Agreement of Lago Vista valued at $11.5M. The company aims to identify markets where its land has increased in value due to entitlements secured over the past three years, expecting non-dilutive capital and accelerated progress of other projects. President & CEO, David Villarreal, emphasizes the strategy's alignment with minimal shareholder dilution.

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01/04/2024 09:00 AM

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Safe and Green Development Corporation Announces Update on LOI for Acquisition of Xene Real Estate AI Software

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Safe and Green Development Corporation (SG Devco) (NASDAQ: SGD) announces the complete acquisition of Majestic World Holdings (MWH) and its Xene AI Software platform (XENE Platform). The platform, powered by advanced AI technology, aims to create a decentralized real estate marketplace, streamlining property transactions and offering a cost-effective alternative to traditional buyers' agent models. The acquisition is expected to be completed by the end of the first quarter, with the platform launching to the public within the same timeframe. MWH has already started generating revenues from the XENE Platform, and the acquisition is anticipated to save time and resources for all parties involved. President & CEO David Villarreal expressed confidence in the successful BETA run of the platform earlier in 2023 and looks forward to diversifying SG Devco's business portfolio through this acquisition.

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12/18/2023 08:30 AM

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Safe & Green Holdings Corp. Announces Master Purchase Agreement With Safe and Green Development Corporation for Manufacturing Projects Initially Valued in Excess of $140 Million

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Safe & Green Holdings Corp. (NASDAQ: SGBX) has announced that its subsidiary SG Echo has executed a Master Purchase Agreement with Safe and Green Development Corporation (NASDAQ: SGD) to manufacture modular units for real estate development projects, with an initial value of over $140 million in net revenue. The company expects the projects to exceed 4,000 units and generate gross revenue in excess of $800 million. The agreement is expected to increase factory utilization to nearly 100% and contribute to domestic job growth.

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12/14/2023 09:00 AM

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Safe and Green Development Corporation Provides Update On Lago Vista Property with $11.5 Million Contribution Agreement

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Safe and Green Development Corporation (SG Devco) (NASDAQ: SGD) has announced the commencement of development activities for the Lago Vista project. MNO Partners has deposited earnest money and begun conceptual design, construction pricing, and market studies. The property, originally purchased for $3.5 million, will be contributed to a joint venture with MNO Partners in exchange for a membership interest valued at $11.5 million. MNO Partners will lead the development process, with the JV expected to secure construction financing within 11 months.

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12/04/2023 10:00 AM

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Safe and Green Development Corporation Announces Entry into Contribution Agreement to Form a Joint Venture to Develop the Lago Vista Property

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Safe and Green Development Corporation (SG Devco) (NASDAQ: SGD) will contribute the Lago Vista property in exchange for a membership interest in a proposed joint venture valued at $11.5 million. MNO Partners, a community-centric real estate development firm, will lead the development process, with an estimated cost of $80 million to fully develop the property. SG Devco's subsidiary originally purchased the Lago Vista property for $3.5 million in 2021.

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11/21/2023 09:30 AM

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Safe and Green Development Corporation Unveils Letter of Intent for Integration of Real Estate AI Software

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Safe and Green Development Corporation (SG Devco) (NASDAQ: SGD) has signed a non-binding Letter of Intent (LOI) with Majestic World Holdings (MWH) for a proposed strategic partnership. SG Devco will invest in MWH in exchange for access to MWH’s software platform Xene, powered by advanced AI technology, aiming to create a decentralized real estate marketplace. The partnership is expected to bring growth, innovation, and expanded opportunities for both organizations and stakeholders.

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11/14/2023 04:05 PM

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Safe & Green Holdings Reports Third Quarter 2023 Results; Manufacturing & Construction Services Revenue Increases 48% Over the Same Period Last Year

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Safe & Green Holdings Corp. (NASDAQ: SGBX) reported a 48% year-over-year increase in manufacturing & construction services revenue for Q3 2023. They also announced a multi-million-dollar contract, Louisiana licensure, partnership with Tunnel to Towers Foundation, CORNERSTONE Charitable Foundation launch, and spin-off of SG Development Corp. They reduced operating expenses by $2 million and plan to develop assets to drive further revenue growth.

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10/09/2023 01:00 PM

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Safe and Green Development Corporation to Participate in the Virtual Tech Conference Series: Exploring All Corners of the Tech Sector, Presented by Maxim Group LLC on Tuesday, October 10th & Wednesday, October 11th at 8:30 A.M. E.T.

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Safe and Green Development Corp CFO to present at tech sector conference

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10/05/2023 08:30 AM

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Safe and Green Development Corporation Receives Approval to Purchase Right of Way Approval at Norman Berry Village Project in Atlanta, Georgia

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Safe and Green Development Corporation receives approval to begin development of Norman Berry Village in Atlanta, Georgia.

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FAQ

What is the current stock price of Safe and Green Development Corporation (SGD)?

The current stock price of Safe and Green Development Corporation (SGD) is $2.4 as of December 23, 2024.

What is the market cap of Safe and Green Development Corporation (SGD)?

The market cap of Safe and Green Development Corporation (SGD) is approximately 3.4M.

What is Safe and Green Development Corporation?

Safe and Green Development Corporation (SG Devco) is a real estate development company focusing on sustainable and innovative construction using prefabricated modules made from wood and steel.

What recent achievements has SG Devco made?

Recent achievements include the sale of the St. Mary and Lago Vista properties, which are expected to improve the company's financial standing, and the acquisition of MyVONIA, an advanced AI assistant.

What is the XENE Home Platform?

The XENE Home Platform is a prop-tech solution developed by SG Devco's subsidiary, Majestic World Holdings LLC. It uses AI technology to create a decentralized real estate marketplace, integrating various stakeholders into a seamless, AI-driven ecosystem.

What is MyVONIA?

MyVONIA is an AI-powered personal assistant acquired by SG Devco. It helps simplify daily tasks and improve productivity through machine learning and natural language processing, accessible via text messaging.

How does SG Devco develop its properties?

SG Devco develops properties using purpose-built, prefabricated modules sourced from Safe & Green Holdings factories. The company operates independently and through joint ventures with third-party equity investors or other developers.

What are the financial benefits of the recent property sales?

The sale of the St. Mary and Lago Vista properties is expected to significantly strengthen SG Devco's balance sheet and provide substantial profits, enhancing its financial stability.

How does the XENE platform benefit real estate professionals?

The XENE platform offers real estate professionals tools for optimized decision-making, including tailored market insights and data-driven recommendations, all within a decentralized, AI-driven environment.

What is SG Devco's mission?

SG Devco's mission is to develop resilient, eco-friendly single and multifamily projects that cater to all income and asset classes, using innovative and sustainable building practices.

What makes SG Devco's business model flexible?

SG Devco’s business model is flexible as it allows the company to develop properties both independently and through joint ventures with third-party equity investors or other developers.