- Greenbriar Capital Corp. (GRB) has engaged Paul Morris Forward Living to sell its Sage Ranch
- The net selling price is US$139 million (C$181 million) or US$3.71 (C$4.82) per share
- Altus Group Limited completed a conservative financial feasibility study on Sage Ranch in January, with the net profit to Greenbriar then calculated at US$173.9 million
- Greenbriar is a leading developer of renewable energy and sustainable real estate
- Greenbriar Capital Corp. opened trading at $1.34 per share
Greenbriar Capital Corp. (GRB) has engaged Paul Morris Forward Living to sell its fully entitled 995 home Sage Ranch subdivision in California.
The company plans to sell the subdivision for US$139 million (C$181 million) or US$3.71 (C$4.82) per share.
Greenbriar and its general contractor will oversee the construction oversight and permitting.
Altus Group Limited completed a financial feasibility study on Sage Ranch in January. The net profit to Greenbriar was calculated at US$173.9 million. The $139 million selling price is a discount from Altus’s US$173.9 million profit estimate.
Altus Group Limited provides real estate feasibility reports for banks and lenders in North America.
Forward Living’s Paul Morris has ownership and management of 7,500 real estate agents in California, completing $24 Billion of real estate sales in 2021.
Greenbriar is a leading developer of renewable energy and sustainable real estate.
Greenbriar Capital Corp. opened trading at $1.34 per share.