Part of strategic repositioning of the company to focus on asset and revenue growth
Annapolis, Maryland, Aug. 29, 2022 (GLOBE NEWSWIRE) — Mosaic Homes, LLC, a subsidiary of Community Redevelopment (OTC Markets: CRDV), a build and renovate for sale company, announced the acquisition of its first property in Baltimore, Maryland. The newly acquired rowhome property will be the first of several strategic acquisitions in the City of Baltimore.
Richard Balles, Head of Development for CRDV, stated that, “Twenty percent of the housing stock of Baltimore is vacant and Mosaic Homes is helping to revitalize neighborhoods by purchasing these vacant homes and renovating them – providing individuals and families the opportunity to purchase homes in their local neighborhoods. Closing the first Baltimore acquisition is a significant milestone and I congratulate our team on this achievement.” Additionally, Mosaic Homes works with local non-profit housing organizations to identify prospective residents who have received homebuying counseling.
Sourcing opportunities for Mosaic Homes in only the most promising markets is just one reason CRDV has opened a brokerage in south Florida, RedRock Real Estate Investment Services (d/b/a RedRock Realty). The brokerage will also represent buyers and sellers as well as landlords and tenants to market, sell, and lease residential and commercial properties in well-established communities in South Florida. The brokerage has officially opened their offices and has closed its first transaction.
CRDV believes investing in Florida real estate will produce positive returns, as wealth from national and international funding is flowing into the region. HFF Securities recently ranked Miami in 11th place of the top US Commercial Real Estate Investment Markets thanks to its continued population growth, low-unemployment, and low commercial space inventory. RedRock’s experience in commercial real estate makes us poised to assist entrepreneurs in finding their ideal business location. “I am thrilled our client chose RedRock Realty to assist them in finding the perfect retail space.” Brent Coetzee, Managing Broker of RedRock Realty, shared “They were so impressed with the customized service we provided they have chosen the RedRock Realty team to facilitate making their Miami dream home a reality as well.”
RedRock Realty has opened offices at 2650 Biscayne Boulevard, 2nd Floor in Miami and may be reached at 305-798-7002. Mr. Coetzee is currently seeking experienced agents with a passion for real estate, outstanding customer service, and providing a personalized experience to their clients. Visit redrockrealtyteam.com for more information.
These third quarter actions are establishing the foundation of a revised plan for CRDV. President and CEO, Garfield Antonio shared that “During the second quarter it became clear that the capital needed to execute on our obligations under the Redhills Capital merger was not going to be effective, as a result, we’re making the organizational changes necessary to establish future success and fulfill CRDV’s mission. Our new leadership has developed a strong strategic plan to organically grow assets and revenue. The transactions announced today begin the implementation of this plan starting in the third quarter of 2022.
Mr. Antonio further shared, “During the second quarter, CRDV made a significant investment to bring market awareness for the company which will assist CRDV in raising capital over the remainder of 2022 – leading to enhanced revenue and asset growth for the company. We are very pleased with the early results of our efforts and expect that the new strategic plan coupled with brand awareness will be a major differentiator for us and contributor to growth,”
Related Quotes
Follow Buffett’s lead. And collect big dividends too.
Finally, investors have a good reason for why the U.S. stock market will suffer above-average volatility and below-average performance this month: It’s the Fed. Relatively few advisers are focusing on this outcome — at least among the more than 100 I regularly monitor.
Perhaps not: One fund manager that successfully navigated the past two major stock crashes is bracing for an awful end to the year because it fears the Federal Reserve’s quiet exit from bonds. London-based Ruffer LLP is concerned that the accelerating runoff of the Fed’s Treasury holdings will suck liquidity out of the markets—just as rising rates and falling stock and bond prices increase the need for cash to smooth the drop. “It puts a pincer on equities and bonds at the same time,” said investment director at Ruffer.
Cathie Wood's ARK Invest cut its stake in Nvidia ahead of the graphic chipmaker's results last month. Now it's snapped up the stock which has dropped to a 52-week low.
Orchid Island Capital Corp. (NYSE: ORC) is a finance company that acquires, invests in and offers financing from U.S. residential mortgage-backed securities (MBS). The Florida mortgage real estate investment trust (REIT) initiated an IPO in March 2013 at a price of $14.50. Its monthly dividend of $0.135 returned an approximate annual yield of 11%. However, in the last few years, the stock price has floundered, and ORC has reduced its dividend payment several times. Orchid’s price had recently be
Chinese stocks have come under pressure for various reasons over the past year and a half or so; a slowing economy has been one cause while domestic tussles with the regulators haven’t helped either, particularly for those in the tech sector. Another element keeping sentiment low and impacting performance has been the fear of de-listing for U.S.-listed Chinese stocks. This is on account of Chinese companies not meeting U.S. auditing standards. But the prospects of de-listing might be less likely
These fast-paced companies are in a league of their own and begging to be bought following a 34% peak decline in the Nasdaq Composite.
Low priced, efficient modular and manufactured homes are attracting retirees and millennials as the housing market faces challenges.
Elon Musk fears neither his competitors nor the regulators. The CEO of Tesla has not hesitated to attack the powerful US Securities and Exchange Commission (SEC) with which he has had a stormy relationship since his now famous tweet of August 7, 2018 in which he announced that he was going to take the manufacturer of electric vehicles private. This message had prompted an investigation by the SEC which had subsequently resulted in a settlement.
Shat should investors do now if they are considering making a bet on the infamously volatile sector.
Reminiscent of communist times? Maybe it's even worse.
Some investors will be getting a bit of money back soon, the result of a big settlement between financial firm Vanguard and the Massachusetts Secretary of State. The $6.25 million settlement has to do with allegations that the firm failed … Continue reading → The post Does Vanguard Owe You Money? It's Paying Investors Millions appeared first on SmartAsset Blog.
Dan Niles, a money manager who has been bearish on the stock market, is even more pessimistic now. But he does see some opportunities, including in shares of Walmart and Amazon.com.
The S&P 500 is down nearly 18% since January, but BofA sees more room for a drop.
Recently, Zacks.com users have been paying close attention to Energy Transfer LP (ET). This makes it worthwhile to examine what the stock has in store.
In this article, we will discuss some of the best stocks to buy according to Dave Smith, Chief Investment Officer at investment management company Rockland Trust. If you want to explore similar stocks, you can also look at Long-Term Analyst: Buy These 5 Stocks. David Smith has been in the financial services industry for over […]
September is a scary month for S&P 500 investors for good reason — it's the worst month of the year for stocks. But it doesn't have to be.
High oil and gas prices are boosting the energy sector as these stocks have widely outperformed the S&P 500 Index. It's no wonder: Demand for refined products remains strong and global supply is tight. It also produces renewable diesel and has a midstream segment, Valero Energy Partners LP, but its contribution to total earnings is under 10%.
Blockchain data shows some 5,000 BTC moving despite prices well off the all-time high. One analyst said the wallet might be related to the crypto exchange Kraken, but it’s not clear how.
Electric vehicle (EV) charging network company ChargePoint Holdings (NYSE: CHPT) gave investors a mixed fiscal 2023 second-quarter earnings report earlier this week. ChargePoint exceeded the high end of its prior guidance for revenue. The company had told investors to expect revenue of between $96 million and $106 million for the period, and it achieved $108.3 million in sales.
About Author
