I disagree Rockie ..Mark D and team have been doing these projects all over the US for years, they are experts in the field they are in. -- Those lease rates on the St. Pete Vantage have gone up quite a bit since they started offering and hence future prices will be where market needs to be and for sure pay on the facility at what ever rate it should be. -- What will be of interest here is that DEVM Equities was set up to be an investor set up for % interest (there was a lot of lingo back then) , primarily for the Hotel side. It will be interesting to see the next disclosure and format around that. Basically Mark D and Team changed from the Marriot Hotel side due to Covid and then came up with THE METRO, same format as the ST. Pete Vantage and the upcoming Ft Myers Lofts that has been approved. They also have added Ben Griggs to the team and that expanded on the Accounting and Administrative side, plus the movement of the Offices in Florida. See here https://devmardevelopment.com/leadership/ My belief is they have the financial backing to move forward and now DEVM "new and improved" will be the Public side of the Parent Company on upcoming projects with not only the Vantage Lofts in Ft Myers , but also the Rain Dance in Winterhaven Florida. devmardevelopment.com/#_folio -- Lets see, next step though update the disclosures and attorney letter to go Pink Current at minimum, then the disclosure that is due.
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