HCDI - Mergers and acquisitions

Gig Harbor, Washington, July 06, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. ("Harbor," "Harbor Custom Homes®," or the "Company"), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has acquired 31 acres of commercial property for $4,750,000 in West Horseshoe Bay, Texas, located approximately 53 miles from Austin.    The acquisition includes a 2,800 square foot office building that Harbor Custom Homes is utilizing for its design, marketing, and sales center serving the Austin metro market.  The Company successfully rezoned 28 acres of the property from commercial to residential use

Gig Harbor, Washington , June 29, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (NASDAQ:HCDI, HCDIP, HCDIW))) ("Harbor," "Harbor Custom Homes®," or the "Company"), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has acquired 219 acres for $14,300,000 adjacent to the Semiahmoo resort in Blaine, Washington (https://www.semiahmoo.com/) and approximately 39 miles from Vancouver, British Columbia.  Vancouver, British Columbia, with a metro market population of 2,700,000, is just over an hour's drive from the Horizon subdivision. The U.S.-Canadian border has been closed for non-essential travel becau

Gig Harbor, Washington , March 08, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. (“Harbor,” “Harbor Custom Homes®,” or the “Company”), (NASDAQ: HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has closed on 48 acres currently in the entitlement process for 144 undeveloped lots located in Belfair, Washington.  The purchase price for the acquisition was $3,915,000. The Belfair site, known as Olympic Ridge, represents Harbor’s expansion into (North) Mason County, which is adjacent to Kitsap County, where Harbor continues to develop numerous single-family residential communities as it has ove