Greenbriar Executes Binding Agreement to Acquire the 1,361 Acre Cordero Ranch Project Located in Cedar City, Utah

Core Points - Greenbriar Sustainable Living Inc. has executed a binding agreement to acquire the 1,361-acre Cordero Ranch project in Cedar City, Utah [1] - The Cordero Ranch property was originally purchased in 2002 and has a Master Plan Development Agreement allowing for the construction of 6,726 homes [2] - The company plans to revise the Master Plan to include additional facilities for Southern Utah University (SUU) and various housing options [3][6] Acquisition Details - The acquisition of Cordero Ranch is facilitated by Tommy Sullivan, who has held the property since 2002 and has previously contributed water rights to the city [2][7] - The revised Master Plan will include a south campus for SUU, retail spaces, offices, and sustainable housing starting at approximately $300,000 [3] - The approval process for the new plan in Utah is expected to take less than six months, significantly faster than in California [4] Community Engagement - Greenbriar has partnered with Colonel Dan S. Roberts, a respected community member, to support the project and engage with SUU leadership [5] - SUU aims to increase its student population from 14,700 to 30,000, with housing being a critical constraint [6] - The proposed housing solutions will address the needs of married students, who make up 30% of the student body [6] Future Developments - The company is also finalizing a loan agreement for the Sage Ranch project in Tehachapi, California, anticipating a positive resolution [8] - Greenbriar focuses on sustainable real estate and renewable energy, targeting high-impact projects to enhance shareholder value [9]