Core Insights - Safe and Green Development Corporation (SG DevCo) is expanding its joint venture project in Edinburg, Texas, by acquiring 22 additional single-family lots, building on a previous acquisition of 5 lots in the same area, aiming to leverage growth in the Rio Grande Valley [1][2][3] Expansion Details - The newly acquired lots are expected to be permitted, with the transaction anticipated to close within the next 60 days, enhancing SG DevCo's presence in the South Texas real estate market [2][3] - The company plans to deliver all homes to customers by the end of Q2 2025, indicating a clear timeline for project completion [2] Leadership Perspective - David Villarreal, CEO of SG DevCo, highlighted the expansion as a demonstration of the company's commitment to growth and delivering results, focusing on lots ready for vertical construction to meet customer demands efficiently [3] Sustainability Commitment - SG DevCo emphasizes its dedication to sustainability and environmental consciousness, ensuring that homes constructed in this expansion will feature energy-efficient designs and sustainable building practices [3] Company Overview - SG DevCo, established in 2021, specializes in real estate development using prefabricated modules made from wood and steel, aiming to create innovative and green projects across various income and asset classes [4] - The company also has a subsidiary, Majestic World Holdings LLC, which has developed a real estate AI platform to integrate various stakeholders in the real estate market [4]
Safe and Green Development Corporation To Acquire 22 Single Family Lots in South Texas