Community Redevelopment Inc. (CRDV)

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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