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Safe and Green Development Corporation To Acquire 22 Single Family Lots in South Texas

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Safe and Green Development (NASDAQ: SGD) has announced the expansion of its joint venture project in Edinburg, Texas, with an agreement to acquire 22 additional single-family lots. This adds to the previously announced acquisition of 5 lots in the same subdivision. The strategic move aims to capitalize on the rapid growth in the Rio Grande Valley area. The transaction is expected to close within 60 days, with all homes projected to be delivered to customers by the end of Q2 2025.

CEO David Villarreal emphasized the company's commitment to growth and efficiency by targeting lots ready for vertical construction. SG DevCo remains dedicated to sustainability and environmental consciousness, incorporating energy-efficient features and sustainable building practices in each home.

Safe and Green Development (NASDAQ: SGD) ha annunciato l'espansione del suo progetto di joint venture a Edinburg, Texas, con un accordo per acquisire 22 ulteriori lotti residenziali unifamiliari. Questo si aggiunge all'acquisizione precedentemente annunciata di 5 lotti nella stessa suddivisione. La mossa strategica mira a capitalizzare la rapida crescita nella zona del Rio Grande Valley. Si prevede che la transazione si concluda entro 60 giorni, con tutte le abitazioni stimate per essere consegnate ai clienti entro la fine del Q2 2025.

Il CEO David Villarreal ha sottolineato l'impegno dell'azienda per la crescita e l'efficienza puntando su lotti pronti per la costruzione verticale. SG DevCo rimane dedicata alla sostenibilità e alla consapevolezza ambientale, integrando caratteristiche energetiche efficienti e pratiche di costruzione sostenibili in ogni casa.

Safe and Green Development (NASDAQ: SGD) ha anunciado la expansión de su proyecto de empresa conjunta en Edinburg, Texas, con un acuerdo para adquirir 22 lotes adicionales unifamiliares. Esto se suma a la adquisición previamente anunciada de 5 lotes en la misma subdivisión. Este movimiento estratégico busca capitalizar el rápido crecimiento en el área del Valle del Río Grande. Se espera que la transacción se cierre en un plazo de 60 días, con todas las casas proyectadas para ser entregadas a los clientes a finales del Q2 2025.

El CEO David Villarreal enfatizó el compromiso de la compañía con el crecimiento y la eficiencia al centrarse en lotes listos para la construcción vertical. SG DevCo sigue dedicada a la sostenibilidad y a la conciencia ambiental, incorporando características de eficiencia energética y prácticas de construcción sostenible en cada hogar.

세이프 앤 그린 개발(SGD, NASDAQ)은 텍사스 에딘버그에서 공동 투자 프로젝트의 확장을 발표하며 22개의 추가 단독 주택 용지를 인수하기로 합의했습니다. 이는 동일한 구역에서 5개의 용지를 인수한 것에 이어지는 것입니다. 이 전략적인 결정은 리오 그란데 밸리 지역의 빠른 성장에 힘입기 위한 것입니다. 거래는 60일 이내에 마무리될 것으로 예상되며, 모든 주택은 2025년 2분기 말까지 고객에게 전달될 예정입니다.

CEO인 데이비드 비야레알은 수직 건설이 가능한 용지를 목표로 하여 회사의 성장과 효율성에 대한 의지를 강조했습니다. SG DevCo는 각 주택에 에너지 효율적인 기능과 지속 가능한 건축 관행을 통합하여 지속 가능성과 환경 의식에 헌신하고 있습니다.

Safe and Green Development (NASDAQ: SGD) a annoncé l'expansion de son projet de coentreprise à Edinburg, au Texas, avec un accord pour acquérir 22 nouveaux terrains de maisons unifamiliales. Cela s'ajoute à l'acquisition précédemment annoncée de 5 terrains dans la même subdivision. Ce mouvement stratégique vise à tirer parti de la rapide croissance de la région de Rio Grande Valley. La transaction devrait être finalisée dans un délai de 60 jours, toutes les maisons devant être livrées aux clients d'ici la fin du Q2 2025.

Le PDG David Villarreal a souligné l'engagement de l'entreprise envers la croissance et l'efficacité en ciblant des terrains prêts pour la construction verticale. SG DevCo reste dédié à la durabilité et à la conscience environnementale, intégrant des caractéristiques écoénergétiques et des pratiques de construction durables dans chaque maison.

Safe and Green Development (NASDAQ: SGD) hat die Erweiterung seines Joint-Venture-Projekts in Edinburg, Texas, angekündigt, mit einer Vereinbarung zur Akquisition von 22 zusätzlichen Einfamilienhausgrundstücken. Dies erweitert die zuvor angekündigte Akquisition von 5 Grundstücken in derselben subdivision. Der strategische Schritt zielt darauf ab, von dem schnellen Wachstum im Rio Grande Valley-Gebiet zu profitieren. Der Abschluss der Transaktion wird innerhalb von 60 Tagen erwartet, wobei alle Häuser voraussichtlich bis Ende Q2 2025 an die Kunden geliefert werden.

CEO David Villarreal betonte das Engagement des Unternehmens für Wachstum und Effizienz, indem es sich auf Grundstücke konzentriert, die bereit für die vertikale Bauweise sind. SG DevCo bleibt der Nachhaltigkeit und dem Umweltbewusstsein verpflichtet und integriert energieeffiziente Merkmale und nachhaltige Baupraktiken in jedes Haus.

Positive
  • Acquisition of 22 additional single-family lots in a growing market
  • Expected completion of all home deliveries by Q2 2025
  • Focus on lots ready for vertical construction to meet customer demand efficiently
  • Commitment to sustainable and energy-efficient building practices
Negative
  • None.

Insights

The acquisition of 22 additional single-family lots in Edinburg, Texas, represents a strategic expansion for Safe and Green Development This move capitalizes on the growing demand in the Rio Grande Valley area, potentially boosting the company's market share and revenue streams.

The expected timeline for delivery of all homes by Q2 2025 suggests a rapid development cycle, which could positively impact cash flow and investor returns. However, it's important to consider potential risks such as market fluctuations, construction delays, or unexpected costs that could affect profitability.

The focus on "lots that are ready for vertical construction" indicates a strategy to minimize development time and costs, potentially leading to faster returns on investment. This approach, combined with the company's commitment to sustainability, could appeal to environmentally conscious buyers and potentially command premium pricing.

While the news is positive, the lack of financial details makes it challenging to quantify the impact on SGD's bottom line. Investors should look for upcoming financial reports to assess the revenue potential and profit margins of this expansion.

The acquisition of 27 total lots (22 new + 5 previous) in a growing market could significantly boost SGD's asset base and future revenue streams. However, it's important to consider the capital requirements for this expansion and how it might affect the company's debt-to-equity ratio or necessitate additional financing.

The projected completion by Q2 2025 suggests a relatively quick turnaround, which could positively impact cash flows. Investors should monitor for updates on pre-sales activity, construction progress and any changes in local market conditions that could affect the project's profitability.

MIAMI, Aug. 15, 2024 /PRNewswire/ -- Safe and Green Development Corporation (NASDAQ: SGD) ("SG DevCo" or the "Company") announces the expansion of its joint venture project in Edinburg, Texas, after entering into an agreement to acquire 22 additional single-family lots. These lots are an addition to the previously announced acquisition of 5 lots in the same subdivision. This strategic move marks a significant step towards the Company's goal of capitalizing on the rapid growth in and around the Rio Grande Valley.

The acquired lots are expected to be permitted and the transaction is expected to close within the next 60 days, further strengthening SG DevCo's foothold in the South Texas real estate market. With this expansion, the company is poised to deliver all homes to customers by the end of Q2 2025.

David Villarreal, CEO of SG DevCo, expressed enthusiasm about the company's swift progress, stating, "This expansion is a testament to our unwavering dedication to propelling growth and delivering superior results. By pursuing lots that are ready for vertical construction, we aim to efficiently meet the demands of our customers while generating substantial revenue."

SG DevCo remains committed to its core values of sustainability and environmental consciousness. Each home constructed within this expansion project will continue to embody these principles, incorporating energy-efficient features and sustainable building practices.

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 acquiring 22 additional single-family lots in Edinburg, Texas, capitalizing on the rapid growth in and around the Rio Grande Valley, permitting the lots and closing the transaction within the next 60 days, further strengthening SG DevCo's foothold in the South Texas real estate market, being poised to deliver all homes to customers by the end of Q2 2025, dedication to propelling growth and delivering superior results, efficiently meeting the demands of customers while generating substantial revenue by pursuing lots that are ready for vertical construction, the commitment to the core values of sustainability and environmental consciousness, constructing each home within this expansion project incorporating energy-efficient features and sustainable building practices 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 acquire and develop the 22 additional single-family lots in Edinburg, Texas as planned, the Company's ability to capitalize on the rapid growth in and around the Rio Grande Valley, 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

Cision View original content:https://www.prnewswire.com/news-releases/safe-and-green-development-corporation-to-acquire-22-single-family-lots-in-south-texas-302223502.html

SOURCE Safe and Green Development Corporation

FAQ

How many additional lots is Safe and Green Development (SGD) acquiring in Edinburg, Texas?

Safe and Green Development (SGD) is acquiring 22 additional single-family lots in Edinburg, Texas, in addition to the previously announced 5 lots in the same subdivision.

When does Safe and Green Development (SGD) expect to close the transaction for the new lots?

Safe and Green Development (SGD) expects to close the transaction for the new lots within the next 60 days from the announcement date of August 15, 2024.

By when does Safe and Green Development (SGD) plan to deliver all homes to customers in this project?

Safe and Green Development (SGD) plans to deliver all homes to customers by the end of Q2 2025.

What sustainable features is Safe and Green Development (SGD) incorporating in its homes?

Safe and Green Development (SGD) is incorporating energy-efficient features and sustainable building practices in each home, aligning with its core values of sustainability and environmental consciousness.

Safe and Green Development Corporation

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