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Re: None

Monday, 04/29/2019 5:33:31 PM

Monday, April 29, 2019 5:33:31 PM

Post# of 64445
As noted on this board, it is being sold with the following description;
Sale-Leaseback Redevelopment Project.

So you sell the property to a party, take the money and develop the property, this was all covered in past posts.

In return the seller gets money to develop the property and reap the profits from said improved property. WITH a long term lease.

Seller then has money from the profits to develop the company and profit from it in the form of stock held in that company they govern.

Meaning, if I owned the 20 ac for sale, sell them to build out a truly unique resort for the LGBTQ community. The leveraged that into additional facilities in other receptive communities, thus increasing the value of the share price, I would profit from ownership of those shares.

I think that's the direction they are heading rather than just selling the property.