STOCK TITAN

[8-K] Comstock Holding Companies, Inc. Reports Material Event

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(Neutral)
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(Neutral)
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8-K

Comstock Holding Companies, Inc. disclosed a Purchase Agreement for the sale of a property for $112,250,000, subject to customary adjustments and conditions. The Buyer paid an initial $1,000,000 deposit and has a 45-day due diligence period to terminate and reclaim that deposit. If the Buyer proceeds after due diligence it must place an additional $1,000,000 into escrow; the Buyer also has a one-time right to extend the scheduled December 1, 2025 closing by up to 30 days by depositing $1,000,000 as an extension deposit. The additional and extension deposits may be forfeited as provided in the Purchase Agreement. The agreement contains customary representations, warranties, covenants and seller indemnities. The Company intends to pursue an institutional joint venture partner at or before closing that would leave the Company with a minority equity stake. The full Purchase Agreement will be filed as an exhibit to the Company’s Quarterly Report for the period ended September 30, 2025, but the filing reference in this notice is not complete.

Comstock Holding Companies, Inc. ha comunicato un Accordo di Vendita per la cessione di una proprietà per $112,250,000, soggetto a adeguate modifiche e condizioni usuali. L'acquirente ha versato un deposito iniziale di $1,000,000 e dispone di un periodo di due diligence di 45 giorni per terminare e recuperare tale deposito. Se l'acquirente procede dopo la due diligence, deve depositare ulteriormente $1,000,000 in escrow; l'acquirente ha anche un diritto una tantum di estendere il Closing previsto per 1 dicembre 2025 di fino a 30 giorni versando $1,000,000 come deposito di estensione. I depositi aggiuntivi e di estensione possono essere confiscati come previsto dall'Accordo di Acquisto. L'accordo contiene rappresentanze, garanzie, patti e indennità del venditore. L'azienda intende perseguire un partner istituzionale in una joint venture al momento o prima del closing che lascerebbe all'azienda una partecipazione azionaria minoritaria. L'intero Accordo di Acquisto sarà depositato come allegato al Rapporto Trimestrale relativo al periodo terminato 30 settembre 2025, ma il riferimento di deposito in questa notifica non è completo.

Comstock Holding Companies, Inc. anunció un Acuerdo de Compra para la venta de una propiedad por $112,250,000, sujeto a ajustes y condiciones habituales. El Comprador pagó un depósito inicial de $1,000,000 y dispone de un periodo de due diligence de 45 días para terminar y recuperar ese depósito. Si el Comprador continúa después de la due diligence, debe colocar un adicional de $1,000,000 en custodia; el Comprador también tiene un derecho único de extender el cierre programado para el 1 de diciembre de 2025 por hasta 30 días mediante un depósito de $1,000,000 como depósito de extensión. Los depósitos adicionales y de extensión pueden ser confisados tal como se establece en el Acuerdo de Compra. El acuerdo contiene representaciones, garantías, convenios e indemnizaciones del vendedor. La Compañía pretende buscar un socio institucional en una empresa conjunta en el momento del cierre o antes, que dejaría a la Compañía con una participación accionaria minoritaria. El Acuerdo de Compra completo se presentará como anexo al Informe Trimestral del periodo terminado el 30 de septiembre de 2025, pero la referencia de archivo en este aviso no está completa.

Comstock Holding Companies, Inc.가 어떤 부동산 매매 계약을 공개했습니다. 매매대상은 $112,250,000이며, 일반적인 조정 및 조건의 적용을 받습니다. 매수자는 초기 예치금 $1,000,000를 지불했고 45일의 실사 기간 내에 계약을 해지하고 예치금을 회수할 수 있습니다. 실사 후 매수가 진행되면 추가로 $1,000,000을 에스크로에 예치해야 하며, 또한 2025년 12월 1일로 예정된 종가를 최대 30일 연장할 수 있는 일회용 권리를 가지며, 이 연장 보증금으로 $1,000,000를 예치합니다. 추가 및 연장 보증금은 구매계약에 따라 몰수될 수 있습니다. 계약은 일반적인 진술, 보증, 약속 및 매도인 배상을 포함합니다. 회사는 종가 시점 또는 그 이전에 기관형의 공동투자 파트너를 모색할 계획이며, 이는 회사에 소수 지분을 남길 것입니다. 전체 매매계약은 2025년 9월 30일에 종료되는 분기보고서의 부속서로 제시될 예정이지만, 이 공지의 제출 참조는 완전하지 않습니다.

Comstock Holding Companies, Inc. a révélé un accord d'achat pour la vente d'une propriété au montant de $112 250 000, sous réserve des ajustements et conditions habituels. L'acheteur a versé un acompte initial de $1 000 000 et bénéficie d'une période de due diligence de 45 jours pour résilier et récupérer cet acompte. Si l'acheteur poursuit après la due diligence, il doit placer $1 000 000 supplémentaires dans l'escrow ; l'acheteur dispose également d'un droit unique de prolonger la clôture prévue du 1er décembre 2025 d'au plus 30 jours en déposant $1 000 000 comme dépôt de prorogation. Les dépôts additionnels et de prorogation peuvent être perdus comme prévu dans l'Accord d'achat. L'accord contient des déclarations, garanties, engagements et indemnités du vendeur. La société envisage de rechercher un partenaire institutionnel en coentreprise au moment de la clôture ou avant celle-ci qui laisserait à la société une participation minoritaire. L'intégralité de l'Accord d'achat sera déposée en tant qu'exhibit au rapport trimestriel couvrant la période se terminant le 30 septembre 2025, mais la référence de dépôt dans cet avis n’est pas complète.

Comstock Holding Companies, Inc. hat eine Kaufvereinbarung für den Verkauf einer Immobilie in Höhe von $112.250.000 offengelegt, vorbehaltlich üblicher Anpassungen und Bedingungen. Der Käufer zahlte eine Anzahlung von $1.000.000 und hat eine 45-tägige Due-Diligence-Periode, um die Anzahlung zu kündigen und zurückzufordern. Falls der Käufer nach der Due Diligence fortfährt, muss er zusätzlich $1.000.000 in Treuhand geben; dem Käufer steht auch ein einmaliges Recht zu, den geplanten Abschluss zum 1. Dezember 2025 um bis zu 30 Tage zu verlängern, indem er $1.000.000 als Verlängerungsdepot hinterlegt. Die zusätzlichen und Verlängerungszahlungen können gemäß dem Kaufvertrag eingezogen werden. Der Vertrag enthält übliche Zusicherungen, Garantien, Verpflichtungen und Verkäuferentschädigungen. Das Unternehmen beabsichtigt, zum Abschluss oder davor einen institutionellen Joint-Venture-Partner zu suchen, der dem Unternehmen eine Minderheitsbeteiligung belassen würde. Der vollständige Kaufvertrag wird als Anhang zum Quartalsbericht für den Zeitraum bis zum 30. September 2025 eingereicht, aber die Einreichungsreferenz in dieser Mitteilung ist nicht vollständig.

Comstock Holding Companies, Inc. كشفت عن اتفاق شراء لبيع عقار مقابل $112,250,000، خاضع للتعديلات والشروط المعتادة. دفع المشتري وديعة ابتدائية قدرها $1,000,000 ولديه فترة 45 يومًا من العناية الواجبة لإلغاء تلك الوديعة واستردادها. إذا واصل المشتري بعد العناية الواجبة، يجب أن يودع إضافيًا $1,000,000 في الوصاية؛ كما أن للمشتري حقًا لمرة واحدة في تمديد الإغلاق المقرر في 1 ديسمبر 2025 لمدة تصل إلى 30 يومًا عن طريق إيداع $1,000,000 كوديعة تمديد. يمكن مصادرة الودائع الإضافية وودائع التمديد كما هو منصوص في اتفاق الشراء. يتضمن الاتفاق تعهدات وتمثيلات والتزامات ومِنَّة بائع. تعتزم الشركة السعي للحصول على شريك مؤسسي في مشروع مشترك عند الإغلاق أو قبله يمنح الشركة حصة حقوق ملكية أقلية. سيتم تقديم اتفاق الشراء الكامل كمعروض في تقرير الشركة الربعي للفترة المنتهية في 30 سبتمبر 2025، لكن المرجع الخاص بالتقديم في هذا الإشعار غير مكتمل.

Comstock Holding Companies, Inc. 已披露一项购买协议,出售一处物业,交易金额为$112,250,000,需符合惯常的调整与条件。买方已支付初始定金$1,000,000,并拥有45 天尽职调查期限以终止并收回该定金。如尽职调查结束后买方继续,则需再向托管账户注入$1,000,000;买方还拥有一次性将计划于2025年12月1日的交割延期最多30天的权利,需再存入$1,000,000作为延期定金。上述追加定金和延期定金可按购买协议规定被没收。协议包含卖方的标准陈述、保证、 covenant 与赔偿条款。公司计划在交割时或之前寻求一个机构合资伙伴,以在公司端保留少数股权。完整的购买协议将作为附件列示于截至2025年9月30日的季度报告中,但本通知中的 filing 引用尚不完整。

Positive
  • Definitive sale price: Transaction sets a clear purchase price of $112,250,000.
  • Structured escrow protects seller: Initial and additional deposits plus forfeiture provisions reduce buyer default risk.
  • JV option preserves upside: Company plans to seek an institutional joint venture partner to retain a minority equity interest.
Negative
  • Execution risk: Buyer has a 45-day due diligence period during which it can terminate and recover the initial $1,000,000 deposit.
  • Material terms not yet filed: The full Purchase Agreement exhibit is referenced but not attached here, limiting visibility into adjustments and contingencies.
  • Forfeitable deposits: Additional and extension deposits are subject to forfeiture, which could lead to disputes or reduced net proceeds if invoked.

Insights

TL;DR: Material asset sale with significant escrow deposits and a potential JV preserves capital but creates execution risk.

The disclosed Purchase Agreement sets a definitive purchase price of $112.25 million, with structured escrow deposits that provide both buyer commitment and seller downside protection through potential forfeiture. The 45-day due diligence window and refundable initial deposit give the buyer standard exit flexibility; subsequent nonrefundable deposits and an extension fee increase buyer economic commitment, reducing termination likelihood post-due-diligence. The Company’s plan to seek an institutional JV partner prior to closing indicates intent to monetize while retaining minority upside, but final economics, capital structure, and timing depend on the yet-to-be-filed Purchase Agreement exhibit and any JV terms.

TL;DR: The transaction is large and transformative; escrow structure shifts some execution risk to the buyer but seller retains indemnities.

The price and escrow mechanics signal a significant disposition that would materially affect Comstock’s asset base if completed. The escrow deposits and forfeiture provisions protect the seller against buyer default, while the 30-day extension option for a further deposit balances scheduling flexibility with economic deterrents to delay. Absence of the filed Purchase Agreement in this notice limits analysis of closing adjustments, proration mechanics, and any contingent liabilities that could affect net proceeds or timing.

Comstock Holding Companies, Inc. ha comunicato un Accordo di Vendita per la cessione di una proprietà per $112,250,000, soggetto a adeguate modifiche e condizioni usuali. L'acquirente ha versato un deposito iniziale di $1,000,000 e dispone di un periodo di due diligence di 45 giorni per terminare e recuperare tale deposito. Se l'acquirente procede dopo la due diligence, deve depositare ulteriormente $1,000,000 in escrow; l'acquirente ha anche un diritto una tantum di estendere il Closing previsto per 1 dicembre 2025 di fino a 30 giorni versando $1,000,000 come deposito di estensione. I depositi aggiuntivi e di estensione possono essere confiscati come previsto dall'Accordo di Acquisto. L'accordo contiene rappresentanze, garanzie, patti e indennità del venditore. L'azienda intende perseguire un partner istituzionale in una joint venture al momento o prima del closing che lascerebbe all'azienda una partecipazione azionaria minoritaria. L'intero Accordo di Acquisto sarà depositato come allegato al Rapporto Trimestrale relativo al periodo terminato 30 settembre 2025, ma il riferimento di deposito in questa notifica non è completo.

Comstock Holding Companies, Inc. anunció un Acuerdo de Compra para la venta de una propiedad por $112,250,000, sujeto a ajustes y condiciones habituales. El Comprador pagó un depósito inicial de $1,000,000 y dispone de un periodo de due diligence de 45 días para terminar y recuperar ese depósito. Si el Comprador continúa después de la due diligence, debe colocar un adicional de $1,000,000 en custodia; el Comprador también tiene un derecho único de extender el cierre programado para el 1 de diciembre de 2025 por hasta 30 días mediante un depósito de $1,000,000 como depósito de extensión. Los depósitos adicionales y de extensión pueden ser confisados tal como se establece en el Acuerdo de Compra. El acuerdo contiene representaciones, garantías, convenios e indemnizaciones del vendedor. La Compañía pretende buscar un socio institucional en una empresa conjunta en el momento del cierre o antes, que dejaría a la Compañía con una participación accionaria minoritaria. El Acuerdo de Compra completo se presentará como anexo al Informe Trimestral del periodo terminado el 30 de septiembre de 2025, pero la referencia de archivo en este aviso no está completa.

Comstock Holding Companies, Inc.가 어떤 부동산 매매 계약을 공개했습니다. 매매대상은 $112,250,000이며, 일반적인 조정 및 조건의 적용을 받습니다. 매수자는 초기 예치금 $1,000,000를 지불했고 45일의 실사 기간 내에 계약을 해지하고 예치금을 회수할 수 있습니다. 실사 후 매수가 진행되면 추가로 $1,000,000을 에스크로에 예치해야 하며, 또한 2025년 12월 1일로 예정된 종가를 최대 30일 연장할 수 있는 일회용 권리를 가지며, 이 연장 보증금으로 $1,000,000를 예치합니다. 추가 및 연장 보증금은 구매계약에 따라 몰수될 수 있습니다. 계약은 일반적인 진술, 보증, 약속 및 매도인 배상을 포함합니다. 회사는 종가 시점 또는 그 이전에 기관형의 공동투자 파트너를 모색할 계획이며, 이는 회사에 소수 지분을 남길 것입니다. 전체 매매계약은 2025년 9월 30일에 종료되는 분기보고서의 부속서로 제시될 예정이지만, 이 공지의 제출 참조는 완전하지 않습니다.

Comstock Holding Companies, Inc. a révélé un accord d'achat pour la vente d'une propriété au montant de $112 250 000, sous réserve des ajustements et conditions habituels. L'acheteur a versé un acompte initial de $1 000 000 et bénéficie d'une période de due diligence de 45 jours pour résilier et récupérer cet acompte. Si l'acheteur poursuit après la due diligence, il doit placer $1 000 000 supplémentaires dans l'escrow ; l'acheteur dispose également d'un droit unique de prolonger la clôture prévue du 1er décembre 2025 d'au plus 30 jours en déposant $1 000 000 comme dépôt de prorogation. Les dépôts additionnels et de prorogation peuvent être perdus comme prévu dans l'Accord d'achat. L'accord contient des déclarations, garanties, engagements et indemnités du vendeur. La société envisage de rechercher un partenaire institutionnel en coentreprise au moment de la clôture ou avant celle-ci qui laisserait à la société une participation minoritaire. L'intégralité de l'Accord d'achat sera déposée en tant qu'exhibit au rapport trimestriel couvrant la période se terminant le 30 septembre 2025, mais la référence de dépôt dans cet avis n’est pas complète.

Comstock Holding Companies, Inc. hat eine Kaufvereinbarung für den Verkauf einer Immobilie in Höhe von $112.250.000 offengelegt, vorbehaltlich üblicher Anpassungen und Bedingungen. Der Käufer zahlte eine Anzahlung von $1.000.000 und hat eine 45-tägige Due-Diligence-Periode, um die Anzahlung zu kündigen und zurückzufordern. Falls der Käufer nach der Due Diligence fortfährt, muss er zusätzlich $1.000.000 in Treuhand geben; dem Käufer steht auch ein einmaliges Recht zu, den geplanten Abschluss zum 1. Dezember 2025 um bis zu 30 Tage zu verlängern, indem er $1.000.000 als Verlängerungsdepot hinterlegt. Die zusätzlichen und Verlängerungszahlungen können gemäß dem Kaufvertrag eingezogen werden. Der Vertrag enthält übliche Zusicherungen, Garantien, Verpflichtungen und Verkäuferentschädigungen. Das Unternehmen beabsichtigt, zum Abschluss oder davor einen institutionellen Joint-Venture-Partner zu suchen, der dem Unternehmen eine Minderheitsbeteiligung belassen würde. Der vollständige Kaufvertrag wird als Anhang zum Quartalsbericht für den Zeitraum bis zum 30. September 2025 eingereicht, aber die Einreichungsreferenz in dieser Mitteilung ist nicht vollständig.

0001299969FALSE00012999692025-09-162025-09-16

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 16, 2025
Comstock Holding Companies, Inc.
(Exact Name of Registrant as Specified in its Charter)
Delaware1-3237520-1164345
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
1900 Reston Metro Plaza, 10TH Floor
Reston, Virginia 20190
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (703) 230-1985
 
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a- 12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading symbol(s)Name of each exchange on which registered
Class A Common Stock, par value $0.01CHCI
Nasdaq Capital Market
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐



Item 1.01 Entry into a Material Definitive Agreement
On September 16, 2025, a wholly-owned subsidiary (the “Buyer”) of Comstock Holding Companies, Inc. (the “Company”) entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with a seller (the “Seller”) relating to the purchase of a 400+ unit apartment building located in Rockville, Maryland (the "Property").

In accordance with the Purchase Agreement, Buyer has a 45-day due diligence period from the effective date of the Purchase Agreement, during which time it may terminate the Purchase Agreement and receive a return of its initial $1,000,000 deposit. Should the Buyer move forward with the purchase of the Property subsequent to the expiration of the due diligence period, it shall be required to place in escrow an additional $1,000,000 deposit. In accordance with the Purchase Agreement, settlement is scheduled to take place on December 1, 2025; however, the Buyer has a one-time right to extend the closing date for any reason for up to 30 days provided that it places an extension deposit of $1,000,000 in escrow. The additional deposit and any extension deposit are subject to forfeiture as provided in the Purchase Agreement.

Pursuant to the Purchase Agreement, following the expiration of a due diligence period and subject to fulfillment or waiver of all conditions precedent to the Buyer’s obligation to complete the purchase, the Buyer shall purchase the Property for $112,250,000, subject to certain adjustments.

The Purchase Agreement contains customary representations, warranties and covenants. The Purchase Agreement also contains customary indemnification provisions by the Seller in favor of the Buyer.

The Company plans to explore securing an institutional partner with whom it would enter into a joint venture at or prior to closing that would result in the Company owning a minority equity interest in the Property.

The foregoing description of the Purchase Agreement is not complete and is qualified in its entirety by reference to the full text of the Purchase Agreement, a copy of which will be filed as an exhibit to the Company’s Quarterly Report on Form 10-Q for the period ended September 30, 2025 and is hereby incorporated by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit
Number
Description
104Cover Page Interactive Data File (embedded within the Inline XBRL document)




SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

                    
COMSTOCK HOLDING COMPANIES, INC.
Date: September 22, 2025By:/s/ CHRISTOPHER CLEMENTE
Christopher Clemente
Chairman and Chief Executive Officer


FAQ

What is the sale price for the property in the CHCI 8-K?

The Purchase Agreement sets the purchase price at $112,250,000, subject to certain adjustments.

How much is the initial deposit and is it refundable?

The initial deposit is $1,000,000. It is refundable only if the Buyer terminates during the 45-day due diligence period.

When is the scheduled closing date for the CHCI property sale?

Settlement is scheduled for December 1, 2025, with a one-time Buyer extension right of up to 30 days upon a $1,000,000 extension deposit.

Will Comstock retain any interest in the property after closing?

The Company plans to explore a joint venture with an institutional partner that would result in Comstock owning a minority equity interest at or prior to closing.

Are the full transaction documents available in this filing?

No. The summary states the full Purchase Agreement will be filed as an exhibit to the Quarterly Report for the period ended September 30, 2025, but the exhibit text is not provided here.
Comstock Hldg Cos Inc

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