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Tiderock Companies, Inc. (OTC Pink: TDRK) is a diversified investment and advisory services company headquartered in Boston, MA. The company specializes in real estate, land development, infrastructure, and private equity, leveraging over 20 years of industry experience. Its core operations are structured under two primary divisions: manufacturing and real estate.
On the real estate front, Tiderock focuses on high-value
Tiderock Companies (OTC PINK:TDRK) is exploring development opportunities in Puerto Rico following the devastation caused by hurricanes Irma and Maria. The local and federal housing departments have allocated nearly $5 billion to improve housing in the region, including programs for Low Income Housing Tax Credits. In partnership with RealTex Development, which has over 30 years of experience in affordable housing, Tiderock has begun due diligence on four projects, focusing on senior housing, low income multi-family, and single-family housing.
Tiderock Companies, Inc. (OTC PINK:TDRK) has partnered with VisionStream LLC to co-develop a $120 million multi-family project in Jersey City, New Jersey. The project will consist of a 14-story building with 379 residential units and approximately 10,000 square feet of retail space. The agreement is structured in two phases, with Phase 1 focusing on project oversight and budget finalization, expected to last around five months. Following site and financing approval, the project will enter the construction phase. This marks a significant move for Tiderock in real estate development.
Tiderock Companies (OTC PINK:TDRK) announced the hiring of Greg Filipek as Vice President of Development and secured rights for various real estate projects valued over $800M from Sora Northeast. With over 30 years of experience, Filipek aims to enhance project timeliness and profitability. Tiderock's project pipeline now exceeds $1.4 billion. The deal involves issuing five million restricted shares, with additional equity incentives tied to project milestones, including a 10% revenue share for Sora over seven years. This strategic move is expected to bolster Tiderock's growth.
Tiderock Companies, Inc. (OTC:TDRK) has successfully acquired 51% of Charles Burgan LLC, a well-established Certified General Contractor in Florida. This strategic acquisition, announced on April 5, 2022, aims to enhance Tiderock's revenue stream and facilitate direct management of its construction projects in the state. Following the acquisition, Charles Burgan LLC will transition to Sora Burgan Construction, LLC, continuing to offer comprehensive design and build services for residential, commercial, and marine projects.
Tiderock Companies (OTC PINK:TDRK) has signed a Letter of Intent to acquire 51% of Charles Burgan LLC, a Florida-based Certified General Contractor known for both residential and commercial construction since 2006. The acquisition, expected to close within 30 days, will rename the subsidiary to Sora Burgan Construction. CEO Tom Fore highlighted the growth potential in Florida, where over 300,000 new residents relocated between April 2020 and April 2021, indicating a robust market demand for construction services.
Tiderock Companies, Inc. (OTC PINK:TDRK) has filed a notice with FINRA for a forward stock split of four new common shares for each old common share, effective on or about February 28, 2022. This decision aims to enhance the attractiveness of Tiderock's capital structure to a broader range of investors. All shareholders as of the record date will be eligible for this split. The company specializes in real estate development and advisory services with over $600 million in current projects.
Tiderock Companies, Inc. (OTC PINK: TDRK) announced a remarkable 177% increase in revenues for January 2022, reaching $50,000, up from $18,000 in December 2021. This surge is attributed to the commencement of invoicing for its advisory services, which aim to enhance the value of clients' real estate holdings. The company forecasts further significant revenue growth as more projects from its current pipeline transition into active status throughout 2022.
Tiderock Companies, Inc. (OTC PINK:TDRK) announced a 4-for-1 forward stock split, effective for shareholders of record as of February 28, 2022. The stock split aims to enhance the capital structure's attractiveness, enabling broader investment interest.
Despite the increase in share count, the total market value remains unchanged. The company is finalizing its filing with FINRA, required 10 days prior to the record date. Tiderock specializes in real estate investment and development, managing projects valued over $600 million.
Tiderock Companies (OTC PINK:TDRK) has filed its annual report for the fiscal year ending December 31, 2021, highlighting substantial growth. Assets surged to $395,738 from $0, while revenues reached $18,000, also up from $0. The company acquired 10% equity in a 1.46-acre parcel, Cabin Branch, and 5% in a planned 17,235 sq ft commercial project, Waldorf B-4. With over $600 million in real estate projects planned, Tiderock anticipates $45 million in revenue potential over 24 months. CEO Thomas Fore expects significant revenue growth in 2022 as projects commence.
Tiderock Companies, Inc. (OTC PINK:TDRK) announced that the SEC has qualified its Regulation A Offering Statement, allowing the company to raise up to $20 million within a year. Tiderock is currently managing over $600 million in real estate projects, focusing on student housing and multi-family developments. CEO Thomas Fore highlighted a strong demand for their advisory services, projecting potential revenues of over $45 million in the next 24-30 months if all projects are completed. The capital raised will aid Tiderock in developing its own income-generating projects.
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