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Carnegie Development Inc. (CDJM)

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Last Post: 1/28/2021 11:18:02 PM - Followers: 127 - Board type: Free - Posts Today: 0

CDJM is now CURRENT!   12/22/2020
https://backend.otcmarkets.com/otcapi/company/financial-report/266208/content


Check out the Chairman's video message at the bottom of this link.

https://www.carnegie-development.com/investors


CARNEGIE DEVELOPMENT INC

www.carnegie-development.com
info@carnegiedevelopment.net 

From Quarterly Report For the Period Ending: 30th September 2020 (the “Reporting Period”)

As of 7 th November 2020, the number of shares outstanding of our Common Stock was: 46,203,716
As of 30th September 2020, the number of shares outstanding of our Common Stock was: 46,203,716
As of 30th June 2020, the number of shares outstanding of our Common Stock was: 46,203,716
As of 30th September 2019, the number of shares outstanding of our Common Stock was: 46,203,716
As of 31st December 2019, the number of shares outstanding of our Common Stock was: 46,203,716 

"The Series I Cumulative Convertible Preferred Stock is convertible into shares of common stock at the conversion price and at the option of the holders, either in whole or in part commencing the first business day after 30th June 2021. [7] Conversion Price: The amount obtained by multiplying (i) 0.9 by (ii) the simple average of the daily closing price of the common stock for the 20 business days ending on the last business day of the calendar week immediately preceding the date of conversion, provided however the conversion price shall not be less than $4"


Who Are We...

We're an innovative Real Estate Investment company providing strategic growth to our shareholders, and support for our stakeholders through high-level leadership and collaboration with partners world wide.

Our success is driven through our singular focus on one high-growth sector: Real Estate Development.

Real Estate Development

We provide financial resources, governance, high-level management and operational expertise.

Through leading-edge architecture, innovation and proven business acumen, we commit to world-class excellence in all our projects and investments.

Strategy

Seek opportunities in the best markets.  With many decades of experience, our leadership team continues to identify remarkable opportunities in real estate and promising new technologies suitable for its market share.

Generate steady growth with the proven and secure platform of real estate development.

Draw on the strength of our international culture of integrity and leadership in creating a better lifestyle for our residential communities. 

Recent News

On September 30, 2020, the Company acquired 99% of the membership interest in each of the following entities

1)
126 Villita, LLC which is developing St. Mary’s Tower in San Antonio, Bexar County, Texas, a 24-story building with steel frame, stucco and glass exterior, with a flat roof; the building, when completed, will have 186,500 net rentable square feet with level 1 for office space, levels 2-6 for parking, level 7 for a pool and social deck, and levels 8-24 including 250 residential units. The building is located on a 0.492-acre tract of land in the city of San Antonio. The budget for the development is $62,100,000.

2)
D4AVEG, LLC is developing 280 housing units consisting of 238,968 square feet on 21.68 acres located in Winter Haven, Polk County, Florida. The development budget is $40,770,000 as a non-HUD, multifamily project.

3)
D4KL, LLC is developing 226 housing units on 16.17 acres of land located in Killeen, Texas. The development budget is $46,900,000.

4)
Mansions Apartments at Marine Creek LLC is developing 638 housing units on a 54.166-acre tract of land located in Tarrant County, Texas. Construction is in three separate phases, and in each phase, the development budget is approximately $42,000,000.

5)
Ridgeview Additions LLC is a land development project on a 15.004-acre tract of land located in Venus, Johnson County, Texas, which ultimately will create 54 lots, with an average lot size of 56 feet by 108 feet, for an expected sale price of $955 per front foot ($53,480 per lot). 

6)
Villita Towers LLC is developing 226 multifamily housing units on a 0.35-acre tract of land in San Antonio, Bexar County, Texas, with an estimated loan component of $66,000,000.

All of the foregoing items are in varying stages of development.

Summary

Carnegie Development  partners and invests in long term value that enhances communities and generates wealth.  With a strategic balance in ownership and operations of four major real estate sectors, Carnegie Development has projects and holdings in the sectors of Ultra Luxury Hospitality, Multifamily and Single Family developments, and horizontal development of Raw Land. 

We acquire high quality assets on a value basis and drive investment performance through dynamic and innovative operations. With a track record of developing and acquiring real estate in the best performing U.S. markets, we’re able to deliver risk-adjusted returns to shareholders.  Our leadership position is embedded in building value for the long term. 

https://www.carnegie-development.com/
 

 

To Our Shareholders

>> Chairman's Message 11/20/2020

Dear Shareholders,

   I am pleased to provide some news of recent activities at Carnegie Development.

   Carnegie Development is current and up to date with required filings to the government agencies.  Most importantly,  we have removed our stop sign and now have a yield sign which will be removed in the coming weeks.

   And now, we are very excited to announce that Carnegie Development has acquired six new entities which are all Multi Family development projects.

   Those developments will get underway in the new year.  This will afford Carnegie the benefits and profits that come with the development as well as the long-term cash flow revenue once completed.

   The great part of our plan in these projects, is getting the cash flow will be much quicker than what is typical for other companies who buy existing projects from developers and then sell them to the investment companies for a high premium.  Our strategy of being the developer is a big benefit to Carnegie Development because it allows for us to start at the base point with efficient access to the cash flow.  

   Dallas continues to be great for business. California and New York are experiencing a rapid contraction in their populations meanwhile a tremendous influx of people are moving to Dallas.  This is driving up the residential demand on single family and multifamily housing.

   More acquisitions are on the horizon.  The next round of acquisitions will be focused on single family lots for home builders to buy, build houses and sell them to incoming buyers.  Dallas is experiencing the highest percentage of growth in the United States and with our existing relationships in the Texas marketplace, we are poised to take advantage of that.

   Furthermore, Dallas is experiencing a huge demand for the build-to-rent business.  Carnegie development is expanding into this market where we build brand new homes and rent them out.  The business model and cash flow is similar to the multi family, but the benefit of the single-family business is the cash flow begins as soon as the home is built.

   We hope you continue to watch and listen for updates and we look forward to your participation in Carnegie Development.

Thank you very much.

Sincerely,

Timothy Barton
https://www.carnegie-development.com/investors
 

800-345-8561 phone

775-505-2642 fax

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PostSubject
#37467  Sticky Note Series I shares cannot be sold before June stockfan100 11/26/20 12:19:12 PM
#37486   Agreed! This stock needs a forward split. stockfan100 01/28/21 11:18:02 PM
#37485   This stock needs a forward split . Lightningtrader 01/28/21 05:44:53 PM
#37484   Check out the Chairman's video message at the stockfan100 01/24/21 09:03:21 PM
#37483   WOW...Really! :-) stockfan100 01/22/21 10:22:52 AM
#37481   Wow....300 buy haha and market disagrees shigtynodigty 01/21/21 09:00:22 PM
#37480   Well no news or updates - will shigtynodigty 01/21/21 08:59:54 PM
#37479   Market disagrees... stockfan100 01/21/21 02:40:46 PM
#37478   Why do you say that? shipwithoutarudder 01/21/21 10:40:03 AM
#37477   No updates for a while...will be back below shigtynodigty 01/13/21 09:28:33 PM
#37476   Creeping up here Golden_Cross 12/31/20 05:49:13 PM
#37475   You know they want the best for $CDJM stockfan100 12/22/20 12:31:16 PM
#37474   You know they want the best for $CDJM Golden_Cross 12/22/20 12:24:23 PM
#37473   Over 97% of common shares are owned by stockfan100 12/22/20 12:18:12 PM
#37472   WOW... I love it when insiders own that much Golden_Cross 12/22/20 12:03:55 PM
#37471   From 12/10/20 Quarterly Report--- Tiny float! Only 891,920 shares! stockfan100 12/22/20 11:51:25 AM
#37470   Looks like this one can move on air $ Golden_Cross 12/22/20 11:46:54 AM
#37469   Indeed, CDJM is now CURRENT! stockfan100 12/22/20 11:34:31 AM
#37468   CDJM now pink current Golden_Cross 12/18/20 04:51:21 AM
#37467   Series I shares cannot be sold before June stockfan100 11/26/20 12:19:12 PM
#37466   Shareholders are more interested in the company news stockfan100 11/23/20 02:08:38 PM
#37465   Do all of you realize that their listed justman 11/23/20 12:09:54 PM
#37464   "We're an innovative Real Estate Investment company providing stockfan100 11/18/20 08:05:08 PM
#37463   They need to file a formal registration statement FightingBack 11/18/20 03:34:11 PM
#37462   Great location for the real estate development by stockfan100 11/18/20 03:33:23 PM
#37461   This is great! No Series I shareholder stockfan100 11/18/20 03:12:55 PM
#37460   They will have to do one at some point... FightingBack 11/18/20 08:21:15 AM
#37459   This would explode with a forward split Lightningtrader 11/17/20 06:37:21 PM
#37458   The Company acquired 99% of the membership interest FightingBack 11/17/20 03:54:59 PM
#37457   CDJM filings hitting showing merger FINALLY done. Tiny FightingBack 11/17/20 03:30:10 PM
#37456   Stop sign is gone however it has been shipwithoutarudder 10/09/20 01:00:17 AM
#37455   CDJM stop sign gone https://www.otcmarkets.com/stock/CDJM/disclosure FightingBack 10/01/20 07:17:13 AM
#37454   CDJM Company submitted pink filings for 2nd quarter. https://backend.otcmarket FightingBack 09/30/20 07:55:02 AM
#37453   Appreciate the update, you may have mentioned what shipwithoutarudder 08/19/20 11:00:04 AM
#37452   That is the reply to my email regarding Lightningtrader 08/19/20 08:59:58 AM
#37451   Ever since this company published the audited financial Lightningtrader 08/19/20 08:58:51 AM
#37450   On their website it indicates that they are shipwithoutarudder 08/19/20 12:52:32 AM
#37449   Hopefully not IU 08/12/20 11:33:58 AM
#37447   Carnegie Development, Inc. is a publicly-traded company in IU 08/09/20 02:58:39 PM
#37446   The R/S when this was ESCU. mrlahjr 08/05/20 08:37:06 AM
#37445   What are you talking about? It has never shigtynodigty 07/31/20 07:10:34 PM
#37444   This needs to get to 28.02 for me mrlahjr 07/30/20 07:46:01 PM
#37443   Carnegie Development, Inc. is a publicly-traded company in FightingBack 07/29/20 11:09:58 AM
#37442   anyone see the Pcso run? $on_myMind 07/29/20 10:19:47 AM
#37441   Again a little nibbling going on, chances are shipwithoutarudder 06/09/20 10:56:43 AM
#37440   A little bit of volume today, could be shipwithoutarudder 06/05/20 09:42:05 PM
#37439   Escue Energy Inc., ESCU, changed to Carnegie Development Renee 06/05/20 04:35:21 PM
#37438   Name and ticker change effect Monday. https://twitter.com/ucitnow/status/1268 FightingBack 06/05/20 01:46:34 PM
#37437   Yes, me too. Volume starting to trickle Quintessence 04/17/20 08:31:38 PM
#37436   Nice 10k out. Going to put this FightingBack 04/17/20 03:39:29 PM
#37435   The corporate address is a Mail Drop store justman 01/17/20 01:12:46 PM
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