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Safe and Green Development Corporation - SGD STOCK NEWS

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Safe and Green Development Corporation (SG Devco) (NASDAQ: SGD) is a forward-thinking real estate development company established in 2021. The company specializes in the development of properties using purpose-built, prefabricated modules made from wood and steel. These modules are sourced from Safe & Green Holdings factories, allowing for efficient, sustainable, and innovative construction. SG Devco's mission is to develop resilient and eco-friendly single and multifamily projects that cater to all income and asset classes.

The company's flexible business model enables it to develop properties both independently and through strategic joint ventures with third-party equity investors or other developers. This adaptability has allowed SG Devco to remain a dynamic player in the ever-evolving real estate market.

SG Devco has achieved numerous milestones in 2024, demonstrating its strategic vision and operational excellence. Notable transactions include the anticipated sale of the St. Mary property and the Lago Vista parcel, both of which are expected to significantly bolster the company's financial position. Additionally, SG Devco has secured financing for the Norman Berry acquisition, further expanding its development portfolio.

In terms of technological innovation, SG Devco's majority-owned subsidiary, Majestic World Holdings LLC, has developed the XENE Home Platform. This prop-tech solution leverages advanced AI technology to create a decentralized real estate marketplace. The platform integrates banks, institutions, home builders, clients, agents, vendors, gig workers, and insurers into a seamless, AI-driven ecosystem. XENE aims to enhance value for real estate professionals and home buyers, offering a comprehensive suite of tools for optimized decision-making.

SG Devco recently acquired MyVONIA, an advanced AI assistant designed to simplify daily tasks and improve productivity for users. MyVONIA utilizes machine learning and natural language processing to provide personalized, human-like interactions via text messaging, eliminating the need for an app or website. The company has already integrated MyVONIA into the XENE platform, further enhancing its functionality and user experience.

SG Devco continues to make significant strides in the real estate industry, driven by strategic endeavors, technological advancements, and a robust development pipeline. The company's commitment to sustainable and innovative building practices positions it favorably for ongoing success.

Rhea-AI Summary
Safe and Green Development Corp (SGD) launches XENE Home AI Platform, offering cost-efficient real estate transaction services with reduced fees. The platform provides access to foreclosure listings, 'Buy It Now' properties, and exclusive tools for real estate professionals. Continuous AI advancements and new functionalities are planned to revolutionize the real estate technology landscape.
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Safe and Green Development (NASDAQ: SGD) provides a quarterly business update, highlighting the appreciation of real estate assets, the launch of the Xene Home platform for additional revenue streams, and a focus on creating a sustainable business with diversified revenue sources.
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Safe and Green Development (SGD) announces the Beta launch of the Xene AI Platform for the Real Estate industry. The platform aims to revolutionize real estate transactions by providing cost-efficiencies and reducing transaction fees. Licensed professionals will gain access to exclusive listings, buyers, leads, and certification tools. The fully developed platform is set to launch soon, with plans for continuous advancements in AI real estate technology.
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Safe and Green Development (SGD) reported financial results for 2023, highlighting progress in real estate market initiatives and strategic acquisitions. The company raised $4.5 million, with an operating loss of $3 million due to non-recurring expenses. Plans include organic expansion, strategic acquisitions, and revenue generation from Q2 2024.
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Safe and Green Development Corporation (SG Devco) announces the launch of XENE Home platform with exclusive waiting list, promising AI technology advancements, cost-efficient transactions, and strategic advantages for real estate professionals, investors, buyers, and sellers.
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Safe and Green Development Corporation (SGD) provides an update on the Norman Berry Village property in Atlanta, GA, securing financing for expansion. The project aims to develop a 125,000-square-foot facility for elderly and assisted living residents, with plans for future phases and additional building amenities.
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Safe and Green Development Corporation (SGD) announces the upcoming launch of the Xene Home platform, aimed at revolutionizing real estate transactions. The platform will offer services to institutions managing REO portfolios and introduce revenue streams through SAAS memberships, agent listing referrals, and secondary services.
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Safe and Green Development Corporation (SGD) has completed the acquisition of Majestic World Holdings, a real estate technology firm, and owner of the Xene AI Software platform. The acquisition includes a cash payment of $500 thousand and 500,000 shares of SG Devco restricted stock valued at $1.075 million. Matthew Barstow, MWH CEO & President, will become Senior Vice President of Innovation at SG Devco. The acquisition diversifies SG DevCo’s business interests and adds a new source of potential revenue. The XENE Platform, powered by advanced AI technology, aims to create a decentralized real estate marketplace, streamlining property transactions and offering a cost-effective alternative to traditional buyers' agent models. The platform is expected to launch in the first quarter of 2024.
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Safe and Green Development Corporation (SGD) has entered into an agreement to sell its St Mary's property to Pigmental Studios for $1.35 million. The pending sale is a result of the Company's plan to strategically monetize its real estate holdings by identifying markets where its land may have increased in value. The transaction is expected to close on or before March 1, 2024.
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Safe and Green Development Corporation (SGD) collaborates with Majestic World Holdings to roll out the Xene AI Software platform, aiming to revolutionize the real estate sector. The platform, powered by advanced AI technology, is designed to create a decentralized and interconnected ecosystem, streamlining property transactions and offering a cost-effective alternative to traditional buyers' agent models. The beta launch was a success, attracting nearly 300 licensed real estate agent members in under eight hours. Post-launch, a waiting list of nearly 500 licensed real estate agents and over 100 active real estate investors was garnered, positioning 2024 as a landmark year for both organizations.
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FAQ

What is the current stock price of Safe and Green Development Corporation (SGD)?

The current stock price of Safe and Green Development Corporation (SGD) is $2.23 as of December 2, 2024.

What is the market cap of Safe and Green Development Corporation (SGD)?

The market cap of Safe and Green Development Corporation (SGD) is approximately 3.3M.

What is Safe and Green Development Corporation?

Safe and Green Development Corporation (SG Devco) is a real estate development company focusing on sustainable and innovative construction using prefabricated modules made from wood and steel.

What recent achievements has SG Devco made?

Recent achievements include the sale of the St. Mary and Lago Vista properties, which are expected to improve the company's financial standing, and the acquisition of MyVONIA, an advanced AI assistant.

What is the XENE Home Platform?

The XENE Home Platform is a prop-tech solution developed by SG Devco's subsidiary, Majestic World Holdings LLC. It uses AI technology to create a decentralized real estate marketplace, integrating various stakeholders into a seamless, AI-driven ecosystem.

What is MyVONIA?

MyVONIA is an AI-powered personal assistant acquired by SG Devco. It helps simplify daily tasks and improve productivity through machine learning and natural language processing, accessible via text messaging.

How does SG Devco develop its properties?

SG Devco develops properties using purpose-built, prefabricated modules sourced from Safe & Green Holdings factories. The company operates independently and through joint ventures with third-party equity investors or other developers.

What are the financial benefits of the recent property sales?

The sale of the St. Mary and Lago Vista properties is expected to significantly strengthen SG Devco's balance sheet and provide substantial profits, enhancing its financial stability.

How does the XENE platform benefit real estate professionals?

The XENE platform offers real estate professionals tools for optimized decision-making, including tailored market insights and data-driven recommendations, all within a decentralized, AI-driven environment.

What is SG Devco's mission?

SG Devco's mission is to develop resilient, eco-friendly single and multifamily projects that cater to all income and asset classes, using innovative and sustainable building practices.

What makes SG Devco's business model flexible?

SG Devco’s business model is flexible as it allows the company to develop properties both independently and through joint ventures with third-party equity investors or other developers.

Where can I find more information about SG Devco?

More information about SG Devco can be found on their official website at www.sgdevco.com.

Safe and Green Development Corporation

Nasdaq:SGD

SGD Rankings

SGD Stock Data

3.35M
1.06M
45.55%
1.25%
18.55%
Real Estate - Development
Real Estate
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United States of America
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