Safe and Green Development Corporation Lists Sugar Phase 1 Homes for Sale for Combined Price of over $1M
Safe and Green Development (NASDAQ: SGD) has announced that its first 5 homes from the Sugar Phase 1 development are approaching completion and have been listed for sale, with a combined listing price exceeding $1 million. The company has implemented a strategic approach considering regional housing affordability concerns, aiming to create value for both buyers and company objectives.
SGD is employing a multi-agent strategy alongside its in-house technology to market the properties. The company plans to enhance profit margins through partnerships offering mortgage services and downpayment assistance. All property listings are publicly available through Zillow and HAR platforms, with four properties located on Rio Red Circle in Edinburg, TX, and one on N Pino St in Weslaco, TX.
Safe and Green Development (NASDAQ: SGD) ha annunciato che le sue prime 5 case dello sviluppo Sugar Fase 1 stanno per essere completate e sono state messe in vendita, con un prezzo di listing combinato che supera 1 milione di dollari. L'azienda ha adottato un approccio strategico considerando le preoccupazioni relative all'accessibilità abitativa regionale, con l'obiettivo di creare valore sia per gli acquirenti che per gli obiettivi aziendali.
SGD sta impiegando una strategia multi-agente insieme alla sua tecnologia interna per commercializzare le proprietà. L'azienda prevede di aumentare i margini di profitto attraverso partenariati che offrono servizi di mutuo e assistenza per il pagamento iniziale. Tutti gli annunci immobiliari sono disponibili pubblicamente tramite le piattaforme Zillow e HAR, con quattro proprietà situate in Rio Red Circle a Edinburg, TX, e una in N Pino St a Weslaco, TX.
Safe and Green Development (NASDAQ: SGD) ha anunciado que sus primeras 5 casas del desarrollo Sugar Fase 1 están cerca de completarse y han sido listadas para la venta, con un precio de listado combinado que supera 1 millón de dólares. La empresa ha implementado un enfoque estratégico considerando las preocupaciones sobre la asequibilidad de la vivienda en la región, con el objetivo de crear valor tanto para los compradores como para los objetivos de la empresa.
SGD está utilizando una estrategia de múltiples agentes junto con su tecnología interna para comercializar las propiedades. La empresa planea mejorar los márgenes de ganancia a través de asociaciones que ofrecen servicios hipotecarios y asistencia para el pago inicial. Todas las listas de propiedades están disponibles públicamente a través de las plataformas Zillow y HAR, con cuatro propiedades ubicadas en Rio Red Circle en Edinburg, TX, y una en N Pino St en Weslaco, TX.
안전하고 친환경적인 개발 (NASDAQ: SGD)이 설탕 개발 1단계의 첫 번째 주택 5채가 완료 단계에 접어들고 있으며, 총 매물 가격이 100만 달러를 초과하면서 판매 목록에 올라있다고 발표했습니다. 이 회사는 지역 주택의 가격 접근성 문제를 고려한 전략적 접근 방식을 구현하여, 구매자와 회사 목표 모두를 위한 가치를 창출하는 것을 목표로 하고 있습니다.
SGD는 사내 기술과 함께 다수의 에이전트 전략을 통해 부동산을 마케팅하고 있습니다. 이 회사는 모기지 서비스와 계약금 지원을 제공하는 파트너십을 통해 이익 마진을 향상시킬 계획입니다. 모든 부동산 목록은 Zillow와 HAR 플랫폼을 통해 공개적으로 제공되며, Edinburg, TX의 Rio Red Circle에 4채와 Weslaco, TX의 N Pino St에 1채가 위치하고 있습니다.
Safe and Green Development (NASDAQ: SGD) a annoncé que ses 5 premières maisons du développement Sugar Phase 1 approchent de l'achèvement et ont été mises en vente, avec un prix de mise en liste combiné dépassant 1 million de dollars. L'entreprise a mis en œuvre une approche stratégique tenant compte des préoccupations relatives à l'accessibilité au logement dans la région, visant à créer de la valeur à la fois pour les acheteurs et pour les objectifs de l'entreprise.
SGD utilise une stratégie multi-agents avec sa technologie interne pour commercialiser les propriétés. L'entreprise prévoit d'améliorer ses marges bénéficiaires grâce à des partenariats offrant des services hypothécaires et une assistance pour le paiement initial. Toutes les annonces immobilières sont disponibles au public via les plateformes Zillow et HAR, avec quatre propriétés situées sur Rio Red Circle à Edinburg, TX, et une sur N Pino St à Weslaco, TX.
Safe and Green Development (NASDAQ: SGD) hat angekündigt, dass die ersten 5 Häuser aus der Sugar Phase 1-Entwicklung fast fertiggestellt sind und zum Verkauf angeboten werden, mit einem Gesamtlistenpreis von über 1 Million Dollar. Das Unternehmen hat einen strategischen Ansatz unter Berücksichtigung der regionalen Wohnraumpreisanforderungen entwickelt, um sowohl für Käufer als auch für die Unternehmensziele einen Mehrwert zu schaffen.
SGD nutzt eine Multi-Agenten-Strategie zusammen mit seiner eigenen Technologie, um die Immobilien zu vermarkten. Das Unternehmen plant, die Gewinnmargen durch Partnerschaften zu verbessern, die Hypothekendienste und Anzahlungshilfen anbieten. Alle Immobilienanzeigen sind öffentlich über die Plattformen Zillow und HAR verfügbar, wobei vier Immobilien in der Rio Red Circle in Edinburg, TX, und eine in N Pino St in Weslaco, TX, zu finden sind.
- First 5 homes from Sugar Phase 1 development nearing completion
- Combined listing value exceeds $1 million
- Multiple revenue streams through mortgage services and downpayment assistance partnerships
- None.
Insights
The listing of SGD's first 5 homes from the Sugar Phase 1 development marks a important revenue generation milestone. With a
The multi-agent distribution strategy coupled with in-house technology indicates an aggressive sales approach. The integration of mortgage services and downpayment assistance programs is particularly noteworthy as it could enhance profit margins through ancillary revenue streams beyond just home sales. This financial structure could potentially increase the effective yield per unit by
For a small-cap real estate developer, successfully completing and listing these properties represents both operational execution and potential near-term revenue recognition. The Texas market, especially in these specific locations, has shown resilience with steady appreciation rates, suggesting favorable conditions for achieving target sale prices.
The timing of these listings aligns with current market dynamics in Texas, where housing inventory remains relatively tight. The Rio Grande Valley region, where these properties are located, has experienced steady population growth and increasing housing demand. The strategic decision to address affordability while maintaining profit margins positions these properties well in the current market environment.
The multi-channel marketing approach through established platforms like Zillow and HAR, combined with in-house technology, maximizes market exposure and could accelerate the sales cycle. Historical data shows that properties in these areas typically sell within 45-60 days when priced appropriately, suggesting potential revenue recognition within Q1 2025.
The inclusion of downpayment assistance programs is particularly strategic given that first-time homebuyers represent approximately
The Company is utilizing a multi-agent strategy in addition to its in-house technology to facilitate the sale of the homes. The Company additionally expects to leverage its partnerships for mortgage services as well as downpayment assistance to increase the margins on each home sold. The listings for the homes are publicly available and can be found at the following links:
- https://www.zillow.com/homedetails/230-N-Pino-St-Weslaco-TX-78596/52760518_zpid/
- https://www.har.com/homedetail/3005-rio-red-cir-edinburg-tx-78541/16900921
- https://www.har.com/homedetail/2965-rio-red-cir-edinburg-tx-78541/16900920
- https://www.har.com/homedetail/2953-rio-red-cir-edinburg-tx-78541/16900919
- https://www.zillow.com/homedetails/2939-Rio-Red-Cir-N-Edinburg-TX-78541/443719804_zpid/
About Safe and Green Development Corporation (SG Devco)
Safe and Green Development Corporation is a real estate development company. Formed in 2021, it focuses on the development of sites using purpose-built, prefabricated modules built from both wood and steel. The thesis of development is to build strong, innovative and green, single or multifamily projects across all income and asset classes. Additionally, a majority owned subsidiary of SG DevCo, Majestic World Holdings LLC, is a prop-tech company that has created a real estate AI Platform. The Platform aims to decentralize the real estate marketplace, creating an all-in-one solution that brings banks, institutions, home builders, clients, agents, vendors, gig workers, and insurers into a seamlessly integrated and structured AI-driven environment. MyVONIA Innovations LLC, a wholly own subsidiary, is the owner of MyVONIA which is an AI-powered personal assistant designed to help simplify daily tasks and improve productivity for individuals and businesses. MyVONIA aims to assist with managing both personal and professional tasks.
Safe Harbor Statement
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. All statements other than statements of historical fact are or may be deemed to be forward-looking statements. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates" and similar expressions and include statements regarding the Company's homes from the Sugar Phase 1 development nearing completion, leveraging partnerships for mortgage services as well as downpayment assistance to increase the margins on each home sold, and creating an all-in-one solution that brings banks, institutions, home builders, clients, agents, vendors, gig workers, and insurers into a seamlessly integrated and structured AI-driven environment.
These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, and expected future developments, as well as other factors we believe are appropriate in the circumstances. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to deliver and sell finished homes for the Sugar Phase development as planned, the Company's ability to increase the margins on each home sold by leveraging its partnerships for mortgage services as well as downpayment assistance, the Company's ability to create an all-in-one solution that brings banks, institutions, home builders, clients, agents, vendors, gig workers, and insurers into a seamlessly integrated and structured AI-driven environment, the Company's ability to obtain the capital necessary to fund its activities, the Company's ability to monetize its real estate holdings, and other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2023, and its subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.
For investor relations and media inquiries, please contact:
Barwicki Investor Relations
Andrew@Barwicki.com
516-662-9461
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SOURCE Safe and Green Development Corporation
FAQ
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