Real Estate Investing, Distressed Homes, Transitional Living, Emerging Growth Public Company American Community Development Group
(OTC Pinksheets: ACYD) today announced that it has concluded leases on 3 more properties. Occupancy of 20 clients expected over the next 2 weeks. Increased revenue of $130,000.00 annually expected. http://finance.yahoo.com/q?s=acyd.pk&ql=1
(prHWY.com) November 19, 2011 - St. Petersburg, FL -- (OTC Pinksheets: ACYD) today announced that it has concluded leases on 3 more properties. Occupancy of 20 clients expected over the next 2 weeks. Increased revenue of $130,000.00 annually expected.
http://finance.yahoo.com/q?s=acyd.pk&ql=1
Company management intends to aggressively integrate these new properties into our operations system and to add more capacity over the next 6 to 18 months.
The Company has also received inquiries from private investment groups from several other parts of the country asking our assistance in continued development of transitional housing from their local stock of distressed housing.Since 2008, American Community Development Group, Inc. (ACYD.PK) is a socially responsible public company that specializes in real estate investment. We create and sponsor affordable and transitional housing and job creation programs for the nonprofit community and are currently focused on the Florida West Coast. We have positively affected hundreds of lives including, but not limited to, Florida. Our expansion plans include other regional and national affiliations."The Company", was founded as a real estate investing company in the Tampa Bay, Florida market. We intend to acquire properties at tremendously discounted prices during the current market down trend. The Company has also received offers to expand its pilot operations to other markets where distressed real estate prices are prevalent. We then increase shareholder value and revenue by using the properties to house the clients of existing nonprofits groups or other agencies. Our revenue model uses a typical 3 bedroom property to generate over $30,000 annually in gross revenues because of the extremely high demand for transitional low cost housing. This compares to an average rental income of about $12,000 for a similar property with a traditional tenant.For more information please visit our website at
www.AmericanCommunityDevelopmentGroup.com.
About American
Community Development Group American Community Development Group (OTC Pinksheets: ACYD) is a hybrid social business model founded by a group of experienced professional managers and principals that acquire or fund businesses, act as consultants to the nonprofit community, and purchase real estate and affordable housing properties for the purpose of housing and employing individuals and families in crisis or challenge. The properties include single and multi family homes, apartments, hotels, and mobile home parks.
American Community Development Group Inc.
2500 54th Avenue North
St. Petersburg, FL 33714
United States - Map
Phone: 727-522-0829
Fax: 630-596-4860
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