Safe and Green Development Corporation Announces Strategic Property Monetization Initiative throughout 2024

January 9, 2024

https://www.globenewswire.com/news-release/2024/01/09/2806341/0/en/Safe-and-Green-Development-Corporation-Announces-Strategic-Property-Monetization-Initiative-throughout-2024.html

MIAMI, Fla, Jan. 09, 2024 (GLOBE NEWSWIRE) — Safe and Green Development Corporation (NASDAQ:SGD) (“SG Devco” or the “Company”) is pleased to announce that it will strategically look to monetize its real estate holdings throughout 2024. The company has already initiated this strategy with the previously announced Contribution Agreement of Lago Vista wherein the property is valued at $11.5M as an equity interest in the development.

Read more at globenewswire.com

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