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$CRDV trading just over 30% of its 10-day average volume with less than 2 hours left in the day. Nice to see a BID at $2.99...
3.10 nhod up!
CRDV
$CRDV trading just over 70% of its 10-day average volume with less than 2 hours left in the day. Nice BID at $2.80...
Looking forward to hearing that this LOI was closed...and development/improvement has started. $CRDV
$CRDV Garfield Antonio CEO Community Redevelopment:
$CRDV Community Redevelopment affords potential investors a significant opportunity to participate in the process of identifying and redeveloping entire communities and regional areas, via a publicly traded company. Community Redevelopment Inc. is a full-service real estate company with a management team that has extensive experience in acquiring, developing, constructing, and managing high-quality multifamily, and retail properties in attractive markets throughout the Mid-Atlantic and Southeastern United States, as well as capital markets. The Company is focused on all aspects of the real estate development cycle including land development, design build, property operations, and site redevelopment. In addition to the ownership of our operating property portfolio, Community Redevelopment plans to develop and build desirable properties for its own account and through joint ventures with affiliated and unaffiliated partners.
Low floater here, will move big once we get more vol!
CRDV
$CRDV trading low volume as we approach the last 2 hours of the week...but it's holding steady.
$CRDV trading 4.5x its 10-day average volume heading into the last 10 minutes of the day...nice accumulation.
Joint Ventures with affiliated and unaffiliated partners would get $CRDV up and running faster than trying to acquire assets.
$CRDV Community Redevelopment affords potential investors a significant opportunity to participate in the process of identifying and redeveloping entire communities and regional areas, via a publicly traded company. Community Redevelopment Inc. is a full-service real estate company with a management team that has extensive experience in acquiring, developing, constructing, and managing high-quality multifamily, and retail properties in attractive markets throughout the Mid-Atlantic and Southeastern United States, as well as capital markets. The Company is focused on all aspects of the real estate development cycle including land development, design build, property operations, and site redevelopment. In addition to the ownership of our operating property portfolio, Community Redevelopment plans to develop and build desirable properties for its own account and through joint ventures with affiliated and unaffiliated partners.
$CRDV trading just over its 10-day average volume in the last hour of the day. Nice trading range today.
Interesting $CRDV information...
in reading the Offering Memorandum, they don't own anything yet. Based on news this week they signed a letter of intent to possibly buy something next year assuming liabilities and probably conditional on raising money. They filed the Offering memorandum in August and have not yet filed any successful closing and yesterday's filing was even more confusing on whether their entire offering was pulled due to errors or just missteps
$CRDV Community Redevelopment offers investors an opportunity to participate in the growth and upside of trends in the real estate market by being a shareholder. As an owner of shares of common stock, investors experience significantly increased liquidity as compared to owning real estate.
https://www.marketwatch.com/press-release/community-redevelopment-continues-expansion-signs-loi-to-acquire-majority-membership-interest-in-12-property-washington-dc-portfolio-2021-11-29?reflink=mw_share_twitter
$95,000 in cash.
$500,000 in debt coming due and convertible at 65% of market price.
45,000,000 shares outstanding
working on another 8.3 million share offering
Commitments to buy assets and take on liabilities in a real estate project
Nice $CRDV expansion News yesterday... let's see if we can get some more volume today.
Definitely an undervalued stock!
CRDV
Nice close yesterday, thought we would have seen some $3.10s hit. Maybe today...$CRDV
$CRDV ASK cleared out, now $3.10 on the ASK!
Agree, 3's thin here!
CRDV
Yes, and even with low volume, $CRDV is holding steady right around $3.
Looking forward to seeing future $CRDV updates...
Our business plan includes bringing our shareholders more projects and rapid growth in the area of land development, design build, property ownership, and site redevelopment."
Garfield Antonio, President and Chief Operating Officer of Community Redevelopment, said, "We are excited about our current pipeline portfolio, upcoming milestones and pending catalysts. Signing this letter of intent to acquire the majority membership interests in this 12-property portfolio obviously provides Community Redevelopment with an opportunity for growth. Once closed, the transaction will add significant assets to our balance sheet." Mr. Antonio continued, "This letter of intent on these properties is in line with our investment criteria that consists of quality, well positioned real estate in in attractive markets throughout the Mid-Atlantic and Southeastern United States. Our business plan includes bringing our shareholders more projects and rapid growth in the area of land development, design build, property ownership, and site redevelopment."
CRDV
The transaction is expected to close during the first quarter of 2022. As a result, Community Redevelopment will now have additional bookable assets of millions of dollars entering onto its balance sheet. The Company will also receive a pro-rata share of the cash flow from the properties, a pro-rata share of capital gains, as well as assuming a pro-rata share of the debt, development costs, and operating costs. Community Redevelopment will also be required to indemnify and pay all costs associated with the continuing development of the acquired assets and to fund all capital calls on the properties.
CRDV
$CRDV Nov 29, 2021 (GLOBE NEWSWIRE via COMTEX) -- MIAMI, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Community Redevelopment (OTC: CRDV) ("the Company"), a developer of community oriented real estate in urban and suburban markets with a focus on all aspects of the real estate development cycle, announced today that it has signed a letter of intent to acquire a 51% majority membership interest in a portfolio of 12 properties, which are both leased and under development, in the Washington DC metropolitan region. Community Redevelopment sourced this opportunity off-market and leveraged its reputation as a strong and credible buyer to enter into the letter of intent.
Community Redevelopment Continues Expansion; Signs LOI To Acquire Majority Membership Interest in 12 Property Washington, DC Portfolio https://www.marketwatch.com/press-release/community-redevelopment-continues-expansion-signs-loi-to-acquire-majority-membership-interest-in-12-property-washington-dc-portfolio-2021-11-29?reflink=mw_share_twitter
It would be nice to see the terms of the LOI...but I'm guessing that we'll know more once it's closed.
Community Redevelopment sourced this opportunity off-market and leveraged its reputation as a strong and credible buyer to enter into the letter of intent.
Terms? Dilution? 8k?
Money come from the Reg A Offering the company has undertaken to raise between $9,900 and $25 million?
LOI marks Community Redevelopment's continued commitment to rapid growth and expansion throughout the Mid-Atlantic and Southeastern United States
$CRDV
$CRDV NEWS! Community Redevelopment Continues Expansion; Signs LOI To Acquire Majority Membership Interest in 12 Property Washington, DC Portfolio https://www.marketwatch.com/press-release/community-redevelopment-continues-expansion-signs-loi-to-acquire-majority-membership-interest-in-12-property-washington-dc-portfolio-2021-11-29?reflink=mw_share_twitter
CRDV management is clearly adept and well experienced in working with local officials to optimize development plans that can deliver the best of all worlds for the specific community projects under development.
From the news:
Garfield Antonio, President of Community Redevelopment said, "In the various conversations we had with the mayors in attendance, our team uncovered numerous opportunities for multifamily and workforce housing in their communities. We have scheduled several follow-up meetings with their offices and look forward to working with them on the opportunities we discussed." Mr. Antonio continued, "Our development plans include several projects in the South Florida area, where we have an abundance of new opportunities. We look forward to advancing these opportunities to the next level."
Joe Gibbons, who is a member of Community Redevelopment's Board of Directors, said, "I was familiar with many of the elected officials in attendance from when I served as a City Commissioner in Hallandale Beach, on the Broward County Planning Council, and in the Florida House of Representatives. I look forward to working with Garfield and his team as we begin follow-up on opportunities and begin discussions on new projects for Community Redevelopment."
$CRDV
Nov. 09, 2021 (GLOBE NEWSWIRE) -- Community Redevelopment (OTC: CRDV) ("the Company"), a developer and owner of community oriented real estate in urban and suburban markets with a focus on all aspects of the real estate development cycle, announced today it co-sponsored the October 1, 2021 Aventura Marketing Council/Chamber of Commerce Chairman’s Roundtable Meeting at Gulfstream Park’s Flamingo Room.
The meeting was hosted by Florida State Senators Lauren Book and Jason Pizzo. Also in attendance were Aventura Mayor Enid Weisman, Bal Harbour Mayor Gabriel Groisman, Bay Harbor Islands Mayor Josh Fuller, Dania Beach Mayor Tamara James, Hallandale Beach Mayor Joy Cooper, North Miami Mayor Philippe Bien-Aime, North Miami Beach Mayor Anthony DeFillipo and Sunny Isles Beach Mayor Larisa Svechin.
3.18's thin here!
CRDV
Very nice $CRDV News...
The transaction is expected to close during the first quarter of 2022. As a result, Community Redevelopment will now have additional bookable assets of millions of dollars entering onto its balance sheet.
Community Redevelopment Continues Expansion; Signs LOI To Acquire Majority Membership Interest in 12 Property Washington, DC Portfolio
LOI marks Community Redevelopment’s continued commitment to rapid growth and expansion throughout the Mid-Atlantic and Southeastern United States
November 29, 2021 07:30 ET
| Source: Community Redevelopment, Inc.
MIAMI, Nov. 29, 2021 (GLOBE NEWSWIRE) -- Community Redevelopment (OTC: CRDV) ("the Company"), a developer of community oriented real estate in urban and suburban markets with a focus on all aspects of the real estate development cycle, announced today that it has signed a letter of intent to acquire a 51% majority membership interest in a portfolio of 12 properties, which are both leased and under development, in the Washington DC metropolitan region. Community Redevelopment sourced this opportunity off-market and leveraged its reputation as a strong and credible buyer to enter into the letter of intent.
The transaction is expected to close during the first quarter of 2022. As a result, Community Redevelopment will now have additional bookable assets of millions of dollars entering onto its balance sheet. The Company will also receive a pro-rata share of the cash flow from the properties, a pro-rata share of capital gains, as well as assuming a pro-rata share of the debt, development costs, and operating costs. Community Redevelopment will also be required to indemnify and pay all costs associated with the continuing development of the acquired assets and to fund all capital calls on the properties.
Community Redevelopment offers investors an opportunity to participate in the growth and upside of trends in the real estate market by being a shareholder. As an owner of shares of common stock, investors experience significantly increased liquidity as compared to owning real estate.
Garfield Antonio, President and Chief Operating Officer of Community Redevelopment, said, "We are excited about our current pipeline portfolio, upcoming milestones and pending catalysts. Signing this letter of intent to acquire the majority membership interests in this 12-property portfolio obviously provides Community Redevelopment with an opportunity for growth. Once closed, the transaction will add significant assets to our balance sheet.” Mr. Antonio continued, “This letter of intent on these properties is in line with our investment criteria that consists of quality, well positioned real estate in in attractive markets throughout the Mid-Atlantic and Southeastern United States. Our business plan includes bringing our shareholders more projects and rapid growth in the area of land development, design build, property ownership, and site redevelopment."
About Community Redevelopment
Community Redevelopment affords potential investors a significant opportunity to participate in the process of identifying and redeveloping entire communities and regional areas, via a publicly traded company. Community Redevelopment Inc. is a full-service real estate company with a management team that has extensive experience in acquiring, developing, constructing, and managing high-quality multifamily, and retail properties in attractive markets throughout the Mid-Atlantic and Southeastern United States, as well as capital markets. The Company is focused on all aspects of the real estate development cycle including land development, design build, property operations, and site redevelopment. In addition to the ownership of our operating property portfolio, Community Redevelopment plans to develop and build desirable properties for its own account and through joint ventures with affiliated and unaffiliated partners.
Community Redevelopment, Inc. is focused on community development in urban and suburban markets and our mission is to integrate our proprietary business model by providing sustainable, long-term value to investors as we strive to provide opportunities to improve neighborhoods with residential, commercial, and industrial development projects while designing architecturally pleasing, clean, energy efficient communities and commercial structures. For more information on Community Redevelopment Inc., please contact us at (954) 233-1481, or (800) 210-9438 for those outside of the calling area. You may also visit our website at www.comredev.com.
Forward-Looking Statements
This announcement contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. Numerous factors could cause or contribute to such differences, including, but not limited to, results of clinical trials and/or other studies, the challenges inherent in new product development initiatives, the effect of any competitive products, our ability to license and protect our intellectual property, our ability to raise additional capital in the future that is necessary to maintain our business, changes in government policy and/or regulation, potential litigation by or against us, any governmental review of our products or practices, as well as other risks discussed from time to time in our filings with the Securities and Exchange Commission, including, without limitation, our latest 1-A Report filed on November 24th 2021. We undertake no duty to update any forward-looking statement or any information contained in this press release or in other public disclosures at any time. Finally, the investing public is reminded that the only announcements or information about Community Redevelopment Inc. which are condoned by the Company must emanate from the Company itself and bear our name as its Source.
For Investor Relations, please contact:
David Kugelman
(800) 210-9438 extension 5
(404) 281-8556 Mobile and WhatsApp
Skype: kugsusa
ir@comredev.com
https://www.globenewswire.com/news-release/2021/11/29/2342059/0/en/Community-Redevelopment-Continues-Expansion-Signs-LOI-To-Acquire-Majority-Membership-Interest-in-12-Property-Washington-DC-Portfolio.html
Non-Performing loans can be bought cheaper and possibly turned around into something profitable. $CRDV
Looking for $CRDV updates on properties that they are in the process of buying or closing.
Looks like the paid promoters increasing their posts - Leonite must be close to starting their Debt conversion into equity - 65% discount conversion to market price with a 21 day look back - puts it around $1.85 conversion. Turn on the pumps.
$CRDV CRI FourOne Ventures LLC division formed to purchase performing and non-performing residential and commercial mortgage notes
http://comredev.com
$CRDV Community Redevelopment, Inc. Co-Sponsors Aventura Marketing Council/Chamber of Commerce Chairman’s Roundtable Meeting https://finance.yahoo.com/news/community-redevelopment-inc-co-sponsors-123000273.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @Yahoo
$CDRV BID is building at $3...let's build a new base for the next run.
$CRDV trading at its 10-day average volume as Power Hour approaches... GREEN.
Yes, CRDV has a nice small share structure that can allow this stock to move up easily as positive developments are announced. Very good investor opportunity for profits here.
Outstanding Shares 45,997,034 11/01/2021
Restricted 42,417,875 11/01/2021
Unrestricted 3,579,159 11/01/2021
Float: 2,974, 017
Community Redevelopment affords potential investors a significant opportunity to participate in the process of identifying and redeveloping entire communities and regional areas, via a publicly traded company. Community Redevelopment Inc. is a full-service real estate company with a management team that has extensive experience in acquiring, developing, constructing, and managing high-quality multifamily, and retail properties in attractive markets throughout the Mid-Atlantic and Southeastern United States, as well as capital markets. The Company is focused on all aspects of the real estate development cycle including land development, design build, property operations, and site redevelopment. In addition to the ownership of our operating property portfolio, Community Redevelopment plans to develop and build desirable properties for its own account and through joint ventures with affiliated and unaffiliated partners.
Community Redevelopment, Inc. is focused on community development in urban and suburban markets and our mission is to integrate our proprietary business model by providing sustainable, long-term value to investors as we strive to provide opportunities to improve neighborhoods with residential, commercial, and industrial development projects while designing architecturally pleasing, clean, energy efficient communities and commercial structures. For more information on Community Redevelopment Inc., please contact us at (954) 233-1481, or (800) 210-9438 for those outside of the calling area. You may also visit our website at www.comredev.com.
What does this have to do with $CRDV?
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Made for music. Built for hockey.
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Proud new home of the @NYIslanders. pic.twitter.com/2OK9G9E9Rt
Follow Sparky as he takes the LIRR from Penn Station to the NEW Elmont- @UBSArena station!
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