Safe and Green Development Corp Launches Xene AI Exclusive Waiting List

Rhea-AI Summary

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.

Market Research Analyst

The introduction of the XENE Home platform by Safe and Green Development Corporation represents a significant innovation within the real estate sector. The platform's promise of dramatically reduced transaction fees, ranging from 1.99% to 3.99%, could disrupt the traditional real estate brokerage model, which typically involves higher fees. By offering a cost-efficient alternative, SG Devco may attract a substantial user base, comprising real estate professionals, investors and consumers.

Moreover, the exclusive waiting list and the 'Buy It Now' properties feature may create a competitive advantage by fostering a sense of urgency and exclusivity among users. This strategy could potentially lead to rapid adoption and a strong initial user base upon launch. It is essential to monitor the platform's user engagement metrics post-launch to assess the long-term viability and impact on SG Devco's market share and financial performance.

Financial Analyst

The financial implications for SG Devco following the launch of XENE Home could be substantial. Reduced transaction fees could lead to increased volume in real estate transactions processed through the platform, potentially offsetting the lower fee percentage with higher overall revenue. Additionally, this pricing strategy might pressure competitors to lower their fees, potentially leading to industry-wide margin compression.

The continuous advancements in AI technology mentioned could result in operational efficiencies and cost savings for SG Devco. However, the costs associated with developing and maintaining advanced AI capabilities should be considered when evaluating the company's future profitability. Investors should look for future financial statements and earnings calls for indicators of the platform's financial impact.

Real Estate Technology Expert

The technological advancements proposed by SG Devco with the XENE Home platform, such as AI-assisted listing tools, document interpretation and image enhancement capabilities, indicate a move towards greater automation in real estate transactions. This could enhance the accuracy and efficiency of property listings and transactions, benefiting both real estate professionals and consumers.

The platform's potential to streamline the connection between agents and clients and provide exclusive access to certain listings may redefine professional roles within the industry. As the platform evolves, it will be crucial to evaluate the adoption of these new functionalities and their impact on the traditional real estate business model, including how they affect the role of real estate agents and the value they provide to their clients.

MIAMI, Fla, March 11, 2024 (GLOBE NEWSWIRE) -- Safe and Green Development Corporation (NASDAQ: SGD) (“SG Devco” or the “Company”) is pleased to announce an update to the previously announced launch of the XENE Home platform.

In anticipation of the launch scheduled for the end of March, we are proud to announce the establishment of an exclusive waiting list. This initiative has been created to provide real estate professionals, investors, as well as prospective home buyers and sellers, with early access to the Company’s XENE Home platform. The waiting list can be accessed at: https://www.xenehome.com/

The Company plans to introduce continuous advancements in AI technology following the launch. Beginning with AI-assisted listing tools, document interpretation, and image enhancement capabilities, the Company intends to progressively unveil new functionalities that redefine the technological landscape of real estate throughout the year.

For home buyers and sellers, XENE promises a new era of cost-efficiency with transaction fees dramatically reduced to a range of just 1.99% to 3.99%, providing a cost-effective pathway to homeownership and a process that puts consumers back in the driver’s seat. Real estate investors and prospective home buyers and sellers who register for membership to the XENE Home platform will secure access to XENE's foreclosure listings and coveted 'Buy It Now' properties, designed to provide a strategic edge in property investment. Licensed real estate professionals who join the Xene Home platform will gain access to premium exclusive listings, dedicated buyers, traditional leads, and exclusive training/certification tools, all of which are intended to enhance such professional’s portfolio and expand their business reach.

Matthew A. Barstow, SVP of Innovation at SG Devco stated, “As we approach the launch of XENE, I'm truly excited to bring this software platform to market. For me this is not just bringing a product to market; but heralding a new era for the real estate industry. With XENE, we believe we can put equity back into the hands of consumers, ensuring they retain more value from their most significant investments. Simultaneously, we are seeking to reshape the landscape for licensed professionals by altering the dynamics of customer introductions. We're moving past the outdated model of agents paying for leads that are spread thin among countless others. XENE is designed to pave the way for a future where the connection between agents and potential clients is both exclusive and streamlined.”

About Safe and Green Development Corporation
Safe and Green Development Corporation is a leading real estate development company. Formed in 2021, it focuses on the development of sites using purpose-built, prefabricated modules built from both wood and steel, sourced from one of Safe & Green Holdings Corp.’s factories operated by Safe & Green Holdings’ SG Echo subsidiary. More information about SG DevCo can be found at www.sgdevco.com.

Safe Harbor Statement
Statements in this press release that are not strictly historical in nature are forward-looking statements. These statements are only predictions based on current information and expectations and include statements regarding the launch of the XENE software platform in the end of March, introducing continuous advancements in AI technology following the launch, providing a new era of cost-efficiency with transaction fees dramatically reduced to a range of just 1.99% to 3.99%, providing a cost-effective pathway to homeownership and process that puts consumers back in the driver’s seat, access to XENE's foreclosure listings and coveted 'Buy It Now' properties providing a strategic edge in property investment, access to premium exclusive listings, dedicated buyers, traditional leads, and exclusive training/certification tools, XENE enhancing the portfolio and expanding the business reach of licensed real estate professionals , the launch of XENE heralding a new era for the real estate industry, XENE putting equity back into the hands of consumers, ensuring they retain more value from their most significant investments, reshaping the landscape for licensed professionals by altering the dynamics of customer introductions and paving the way for a future where the connection between agents and potential clients is both exclusive and streamlined.  Actual events or results may differ materially from those projected in any of such statements due to various factors, including the Company’s ability to launch the XENE Home platform as planned,  the Company’s ability to introduce continuous advancements in AI technology following the launch,  the Company’s ability to  provide a cost-effective pathway to homeownership and process that puts consumers back in the driver’s seat, the Company’s ability to provide a strategic edge in property investment with XENE, the Company’s ability to enhance the portfolio and expanding the business reach of licensed real estate professionals who join the XENEHome platform, the Company’s ability to herald a new era for the real estate industry with the launch of XENE, the Company’s ability to pave the way for a future where the connection between agents and potential clients is both exclusive and streamlined,,  the Company’s ability to monetize its real estate holdings and the other factors discussed in the Company’s Form 10 registration statement 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 Safe and Green Development Corporation undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof.

For investor relations and media inquiries, please contact:
Barwicki Investor Relations
Andrew@Barwicki.com
516-662-9461

FAQ

What is the name of the company mentioned in the press release?

Safe and Green Development Corporation is mentioned in the press release.

What is the ticker symbol of Safe and Green Development Corporation?

The ticker symbol of Safe and Green Development Corporation is SGD.

What is the purpose of the exclusive waiting list announced by SG Devco?

The waiting list is created to provide early access to the XENE Home platform for real estate professionals, investors, home buyers, and sellers.

What are some of the AI technology advancements planned by SG Devco for the XENE Home platform?

SG Devco plans to introduce AI-assisted listing tools, document interpretation, and image enhancement capabilities, with more functionalities to come throughout the year.

How much are the transaction fees expected to be for home buyers and sellers on the XENE Home platform?

Transaction fees for home buyers and sellers on the XENE Home platform are expected to range from 1.99% to 3.99%.

What advantages will real estate investors and home buyers gain by registering for membership to the XENE Home platform?

They will secure access to foreclosure listings, 'Buy It Now' properties, and gain a strategic edge in property investment.

Who will benefit from joining the XENE Home platform among licensed real estate professionals?

Licensed real estate professionals will gain access to premium exclusive listings, dedicated buyers, leads, and training/certification tools to enhance their portfolio and business reach.

Who is Matthew A. Barstow and what is his role at SG Devco?

Matthew A. Barstow is the Senior Vice President of Innovation at SG Devco, responsible for bringing the XENE software platform to market and reshaping the real estate industry.