TACOMA, Wash, Oct. 20, 2022 (GLOBE NEWSWIRE) — Harbor Custom Development, Inc. (Nasdaq: HCDI, HCDIP, HCDIW, HCDIZ) (“Harbor,” “Harbor Custom Homes®,” or the “Company”), an modern and market main actual property firm concerned in all facets of the land growth cycle, immediately introduced it has contracted to promote 56.6 acres of land in Punta Gorda, Florida for $7,250,000 to Historical Fund, Inc. The Property is scheduled to shut on or earlier than December 20, 2022, upon the client’s satisfaction of their due diligence necessities.
“The potential sale of our Punta Gorda property reinforces our stated business plan to monetize our assets at the most opportune time in the development cycle by taking into account current market dynamics and our planned capital allocation strategy,” acknowledged Jeff Habersetzer, Chief Operating Officer of Harbor Custom Development, Inc.
About Harbor Custom Development, Inc.
Harbor Custom Development, Inc. is an actual property growth firm concerned in all facets of the land growth cycle, together with land acquisition, entitlements, development of challenge infrastructure, dwelling and condominium constructing, advertising, and gross sales of assorted residential initiatives in Western Washington’s Puget Sound area; Sacramento, California; Austin, Texas and Punta Gorda, Florida. As a land developer and builder of flats, and single-family luxurious houses, Harbor Custom Development’s business technique is to purchase and develop land strategically based mostly on an understanding of inhabitants development patterns, entitlement restrictions, infrastructure growth, and geo-economic forces. Harbor focuses on buying land with scenic views to develop and promote residential heaps, new dwelling communities, and multi-story condominium properties inside a 20 to 60-minute commute of the nation’s fastest-growing metro employment corridors. Harbor is main the true property trade as the primary nationwide land developer and residential builder accepting cost within the type of cryptocurrency for its listed land, developed heaps, residential houses, and flats.
Forward-Looking Statements
Certain statements on this press launch represent “forward-looking statements” inside the which means of the federal securities legal guidelines. Words corresponding to “may,” “might,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or related expressions, or statements concerning intent, perception, or present expectations, are forward-looking statements. These forward-looking statements are based mostly upon present estimates and assumptions. While the Company believes these forward-looking statements are affordable, undue reliance shouldn’t be positioned on any such forward-looking statements, that are based mostly on data accessible to us on the date of this launch. These forward-looking statements are topic to numerous dangers and uncertainties, together with with out limitation these set forth within the Company’s filings with the Securities and Exchange Commission. Thus, precise outcomes might be materially completely different. The Company expressly disclaims any obligation to replace or alter statements whether or not because of new data, future occasions or in any other case, besides as required by legislation.
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