Note value added to BCND because of the WV land purchase!
Bought@: $5,500/acre
value@: $8,500/acre
difference: $3,500
total acre 259.5
Profit value: $908,250
PLUS: Lumber and gas to be cashed in on! Value not know just yet!
NO DILUTING to purchase this land!!!!!!!!!!
From PR:
Beacon Redevelopment in keeping with its business model (multiple assets with development ability at distressed prices) will pay approximately $5,500.00 dollars per acre, the company estimates that the current value in today's real estate market at $8,500.00 to $9,000.00 per acre. The company has received very favorable financing terms and conditions for this acquisition and expects a better then average return on this investment.
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