Safe and Green Development Announces Two Sites Appraised at $9.9 Million
Safe and Green Development Corporation (NASDAQ: SGD) has received independent appraisals from CBRE Group for two of its properties, totaling $9.9 million in combined valuation. The properties include a 58.82-acre lakefront development site in Lago Vista, Texas, appraised at $6.4 million, and a 113.20-acre site in Durant, Oklahoma, valued at $3.5 million.
The properties currently carry a mortgage loan with a principal balance of approximately $6 million, resulting in net positive equity of about $3.9 million. The company is actively exploring monetization options for both properties and will provide updates as developments occur.
Safe and Green Development Corporation (NASDAQ: SGD) ha ricevuto valutazioni indipendenti da parte di CBRE Group per due sue proprietà, con un valore complessivo di 9,9 milioni di dollari. Le proprietà comprendono un terreno di sviluppo fronte lago di 58,82 acri a Lago Vista, Texas, valutato 6,4 milioni di dollari, e un terreno di 113,20 acri a Durant, Oklahoma, stimato a 3,5 milioni di dollari.
Attualmente, le proprietà sono gravate da un mutuo con un saldo principale di circa 6 milioni di dollari, generando un patrimonio netto positivo di circa 3,9 milioni di dollari. La società sta attivamente valutando opzioni di monetizzazione per entrambe le proprietà e fornirà aggiornamenti man mano che si avranno sviluppi.
Safe and Green Development Corporation (NASDAQ: SGD) ha recibido tasaciones independientes de CBRE Group para dos de sus propiedades, con un valor combinado de 9,9 millones de dólares. Las propiedades incluyen un terreno de desarrollo frente al lago de 58,82 acres en Lago Vista, Texas, valorado en 6,4 millones de dólares, y un terreno de 113,20 acres en Durant, Oklahoma, valorado en 3,5 millones de dólares.
Actualmente, las propiedades tienen un préstamo hipotecario con un saldo principal de aproximadamente 6 millones de dólares, lo que resulta en un patrimonio neto positivo de alrededor de 3,9 millones de dólares. La compañía está explorando activamente opciones de monetización para ambas propiedades y proporcionará actualizaciones a medida que haya novedades.
Safe and Green Development Corporation (NASDAQ: SGD)는 CBRE Group으로부터 두 부동산에 대한 독립적인 감정을 받았으며, 총 평가액은 990만 달러입니다. 해당 부동산은 텍사스 레이크 비스타에 위치한 58.82에이커 규모의 호수 인접 개발 부지로 640만 달러로 평가되었고, 오클라호마 듀런트에 위치한 113.20에이커 부지는 350만 달러로 평가되었습니다.
이 부동산들은 현재 약 600만 달러의 원금 잔액을 가진 담보 대출이 설정되어 있어, 약 390만 달러의 순자산 가치를 보유하고 있습니다. 회사는 두 부동산의 현금화 방안을 적극적으로 모색 중이며, 진행 상황에 따라 업데이트를 제공할 예정입니다.
Safe and Green Development Corporation (NASDAQ : SGD) a reçu des évaluations indépendantes de la part de CBRE Group pour deux de ses propriétés, totalisant une valeur combinée de 9,9 millions de dollars. Les propriétés comprennent un terrain de développement en bord de lac de 58,82 acres à Lago Vista, Texas, estimé à 6,4 millions de dollars, et un terrain de 113,20 acres à Durant, Oklahoma, évalué à 3,5 millions de dollars.
Les propriétés sont actuellement grevées d'un prêt hypothécaire avec un solde principal d'environ 6 millions de dollars, ce qui génère une valeur nette positive d'environ 3,9 millions de dollars. La société explore activement des options de monétisation pour les deux propriétés et fournira des mises à jour au fur et à mesure des développements.
Safe and Green Development Corporation (NASDAQ: SGD) hat von CBRE Group unabhängige Gutachten für zwei seiner Immobilien erhalten, mit einer Gesamtbewertung von 9,9 Millionen US-Dollar. Die Immobilien umfassen ein 58,82 Hektar großes Seeufer-Entwicklungsgrundstück in Lago Vista, Texas, bewertet mit 6,4 Millionen US-Dollar, und ein 113,20 Hektar großes Grundstück in Durant, Oklahoma, mit einem Wert von 3,5 Millionen US-Dollar.
Die Immobilien sind derzeit mit einem Hypothekendarlehen belastet, dessen Hauptschuld etwa 6 Millionen US-Dollar beträgt, was zu einem positiven Nettovermögen von etwa 3,9 Millionen US-Dollar führt. Das Unternehmen prüft aktiv Monetarisierungsoptionen für beide Immobilien und wird Updates bereitstellen, sobald es Entwicklungen gibt.
- None.
- Significant mortgage loan of $6 million attached to the properties
Miami, FL, July 01, 2025 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) ("SGD" or the “Company”) is pleased to announce the results of two independent appraisals conducted by CBRE Group, Inc. (“CBRE”), a global leader in commercial real estate services, for its properties in Lago Vista, Texas and Durant, Oklahoma.
The appraisals, completed in June 2025, reflect a combined valuation of
- The Lago Vista property, a 58.82-acre lakefront development site on Lake Travis in Travis County, Texas, was appraised by CBRE at
$6.4 million as of June 12, 2025.
- The Durant property, a 113.20-acre site in Bryan County, Oklahoma, consisting of both residential and industrial-zoned land, was appraised by CBRE at
$3.5 million as of June 16, 2025.
“We are encouraged by these new appraisals and believe they further validate the strength of our real estate portfolio and development strategy,” said David Villarreal, Chief Executive Officer of Safe and Green Development Corporation. “This creates additional opportunities for monetization, partnerships, and long-term shareholder value creation.”
The properties, combined, currently have an associated mortgage loan with a principal balance of approximately
The full CBRE appraisal reports are available on the Presentations page of SGD’s website at www.ir.sgdevco.com.
About Safe and Green Development Corporation
Safe and Green Development Corporation is a real estate development company. Formed in 2021, it focuses primarily on the direct acquisition and indirect investment in properties across the United States that are intended for future development into green single-family or multifamily housing projects. The Company wholly owns Resource Group US Holdings LLC, an environmental and logistics subsidiary operating a permitted 80+ acre organics processing facility in Florida. Re-source processes source-separated green waste and is expanding into the production of sustaina-ble, high-margin potting media and soil substrates through advanced milling technology. Its operations also include a logistics platform that provides transportation services across biomass, solid waste, and recyclable materials, supporting both in-house and third-party infrastructure needs. Additionally, the Company wholly owns Majestic World Holdings LLC, a prop-tech company that has developed a real estate AI platform. This platform is integrated into the Company's broader strategy to enhance transaction efficiency and increase margins on home sales by facilitating services such as mortgage origination and down payment assistance.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. All statements other than statements of historical fact are or may be deemed to be forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates" and similar expressions and include statements regarding the new appraisals further validating the strength of the Company’s real estate portfolio and development strategy, the appraisals creating additional opportunities for monetization, partnerships, and long-term shareholder value creation, continuing to evaluate monetization options for both properties and providing updates as progress is made. These forward-looking statements are based on certain assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions, and expected future developments, as well as other factors we believe are appropriate in the circumstances. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company's ability to generate revenue, deliver impact and create shareholder value, the Company's ability to obtain the capital necessary to fund its activities, the Company's ability to monetize its real estate holdings, and other factors discussed in the Company's Annual Report on Form 10-K for the year ended December 31, 2024, and its subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.
For Media and IR inquiries please contact:
info@sgdevco.com
FAQ
What is the total appraised value of SGD's Lago Vista and Durant properties?
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