Liquidvalue Development Inc.

07/05/2024 | Press release | Distributed by Public on 07/05/2024 14:22

Acquisition/Asset Disposal Form 8 K

Item 2.01 Completion of Acquisition or Disposition of Assets

150 CCM Black Oak Ltd. (the "Seller"), a Texas Limited Partnership and a wholly owned subsidiary of LiquidValue Development Inc., has closed the sale of 70 single-family detached residential lots comprising a section of a residential community in the city of Magnolia, Texas known as the "Lakes at Black Oak" to Century Land Holdings of Texas, LLC. The lots were sold at a fixed per-lot price, and the Seller also received a community enhancement fee for each lot sold. The aggregate purchase price and community enhancement fees, minus certain expenses, equaled a combined total of approximately $3.8 million. The sale of the lots closed on July 1, 2024.