Additionally, LIGA Homes Appoints Alexa Bass as Senior V.P. of Sales & Marketing
DALLAS, TX , Feb. 01, 2018 (GLOBE NEWSWIRE) -- LIG Assets, Inc. (LIGA) (also known as the "Leader in Green Assets" or "LIGA"), announces it has launched the Company’s Joint Venture where the team of LIGA and real estate franchise leader EXIT Realty Elite have negotiated a two part deal to purchase a beautiful 60.19 acre tract along the hillsides of Brentwood, Tennessee. First phase of the acquisition on Bluff Rd., which officially closed with Smart Title & Escrow, Franklin TN, January on 30, 2018 entails the purchase of 30 acres for the price of $1,000,000 with first option to purchase the remaining 30.19 acres for an additional $1,000,000 within 12 months of the originally executed purchase agreement. LIG Assets was required to deposit $150,000 to secure deeded title for the exclusive and highly sought property. The acquisition was completed without the use of LIGA shares or convertible notes, ensuring the integrity of the stock structure. CEO Allan Gillis stated, "Our shareholders should be pleased to know that LIG Assets is now in a very strong financial position as we are able to be proceed on our development projects with support of our major long term shareholders and management team without having to go to the public markets to sell stock."
The structure of the deal partners the current owners in with the development which allows LIGA to incrementally pay for the parcel as the development sells inventory which allows a positive cash flow position throughout the build-out process. This financial win was leveraged by LIGA's Buyer Agents, Linda Byrd and Alexa Bass. The team also plans to develop the infrastructure in phases of 10 acres which will build equity early into the land value creating the opportunity to acquire favorable conventional lending terms if needed. The subdivision will be developed and marketed in three separate phases. Developing the project in stages will reduce initial cash outlay to begin development, increase parcel value and equity return. Staging can also be geared to match the Company’s pre-sale commitments and offers the scope for accelerating the land development cash flow, by achieving property settlements for completed properties while others may be still under construction.
The residential subdivision project for the first 30 acres will consist of 42 upscale single family residences ranging in price from $599,000 to $1,000,000+ with square footage beginning from 2800 square feet and up, bringing the projects gross revenue potential a minimum of $28,000,000 once completed. The subdivision will offer 3 types of individual home lots: two acre “Estate 1 Lots” - one acre “Estate 2 Lots” and ½ acre “Entry Lot” parcels. The development will call for partial rezoning of the first phase from its current Area of 2 acre lots with a provision according to Metro Davidson County that will allow 1 home per acre without rezoning. Remaining lots rezoned to RS20 which will allow for additional lot sizes at 1/2 acre minimum. Total projected land value once complete infrastructure is in place with respect to excavation, utilities, roads etc., for the 30 acre land parcel alone will appraise at a minimum of approximately $8,100,000.00. LIGA's parcel border's another developer's parcel, Stonecrest of Brentwood by Turnberry Homes with estate homes currently selling from $800,000 and up which only improves and enhances the surroundings for our unique subdivision.
Each residential unit in the development will utilize LIGA's and Robert Plarr’s proprietary technologies and materials to provide sustainable and disaster resistant homes built in a manner that provides healthy homes and a holistic community environment rather than a traditional tract home development. Each residence is specifically designed to be aesthetically beautiful, fully integrated into the existing landscape and natural environment, and of course completely green and eco-friendly. The use of technologies will enhance resident’s quality of life while providing elegant design on luxurious property that shows off the natural beauty of the area while remaining only a short ride to Nashville, Franklin and the airport. Liga Homes' quality life communities will all share the same commitment to health, nature and environmental sustainability while assuring that each LIGA Home will provide a unique flavor and appeal as well as the highest quality and luxury for each resident. For more information, visit the company’s website www.LIGAHomes.com
LIGA's parcel is situated at the crossroads of three major interstates and just minutes from the Nashville International Airport, Radnor Lake and Cool Springs Galleria Mall. Adjacent to the parcel sits an abundant amount of commercial, retail and office space located in close proximity to the main corridor which leads a direct path into Nashville with which Forbes ranks the No. 3 Next Biggest Boom Town in the U.S. The parcel sits in an extremely burgeoning area of the Nashville/Brentwood area, yet the beauty of the high ridge lined hills with abundant rows of cedar trees conceals the residences in the area. The additional geographic advantage of the parcel is the close proximity to million dollar homes and the affluent high net worth individuals in the surrounding communities which are known for residing country music, pop and gospel entertainers, as well as pro athletes of varying sports. The Brentwood area adorns 600 acres of parks and greenways with 20 miles of biking and hiking trails, therefore, the green aspect and sustainability of LIGA’s concept will bode well with the area. Brentwood is home to award-winning schools and excellent government services.
LIGA’s combined entities, efforts and capabilities will ensure that LIGA is able to quickly fund and build these community developments. LIGA has recently appointed Linda Byrd, a licensed Realtor and Relocation Specialist from the top producing Nashville area Real Estate Brokerage, Exit Realty, one of the largest Realty franchises in the United States and Canada, as the new President of LIGA Homes, ensuring LIGA’s ability to market and sell their homes locally, nationally and even worldwide (many before construction is even completed). This ability will generate a significant, immediate and continuing revenue stream for LIG Assets, Inc.
LIG Assets Chairman, Aric Simons, states, “The higher elevation near the ridge-line is ideal for the three 2-acre lot Estate section of the subdivision offering sweeping vistas and elegant, luxurious homes worthy of the investment. The 9 one-acre estates will offer similarly elegant homes on beautiful lots. The remaining 30 half-acre lots will provide the opportunity to bring elegant, sustainable homes that are affordable and in high demand. There is something for everyone seeking to locate in the burgeoning Brentwood/Nashville area,” Simons continued, “The phase one purchase of this property on Tuesday marks a transformative day for LIGA--our ideas, technologies, building capabilities were all important steps to growing our Company--but now LIGA has elevated to the status of having valuable tangible assets that will translate into tremendous revenue growth. We look forward to sharing the progress of development on LIGA’s land and other property developments which we are engaged in negotiations to procure and partner. In my eyes, every LIGA shareholder is now a property owner of a beautiful parcel of land that will reap tremendous financial reward. LIGA is so grateful to our investors and partners because it is your support that makes this possible and every shareholder-from the smallest to the largest-- will see their portfolio and ROI grow to new heights as a reward for their investment.”
LIGA Homes in association with one of the Company’s other wholly-owned subsidiary, LIG Developments, LLC., a steel framing manufacturing and design entity incorporated under the LIG Assets corporate umbrella will fast track LIGA Homes’ development as an emerging pioneer in the green and renewable energy sectors having successfully created the world’s most advanced and innovative earthquake, flood, hurricane and fire resistant homes that are 100% fully sustainable and disaster resistant – from individual green systems and homes to fully sustainable communities and commercial centers - completely revolutionizing the sustainable and renewable construction industry for this generation and future generations.
EXIT Realty Elite's team of Linda Byrd and Alexa Bass along The Gulch EXIT franchise owner's Kel Williams and Misty Hargis (Owner/Broker) have suggested as dedication to the success of LIG Assets, LIGA Homes and its shareholders, expressed commitment to also become shareholders of LIGA from the onset of the subdivision. Linda Byrd, President of LIGA Homes, is a current shareholder and became one prior to her appointment as President.
Additionally, LIGA Homes Appoints Alexa Bass as Senior V.P. of Sales & Marketing
Alexa brings her integrity, professionalism, and impeccable negotiation skills to EXIT Realty Elite and now to LIGA Homes. Her goal is to expand both the corporate and share value of LIGA by pioneering the sustainable and affordable lifestyle and guiding clients looking for this lifestyle to LIGA Homes in Brentwood Tennessee.
Alexa brings more than 20 years of experience in Public Relations, social marketing and sales success. We look forward to her ability to enhance LIGA Homes' revenue growth.
Now paired with LIGA Homes and EXIT Realty Elite- Bass & Byrd Team, Linda Byrd states "Our essential business objective is to build wonderful client relationships by listening and fully understanding our clients needs to successfully achieve their goals. Aiming to make buying and selling sustainable homes a smooth experience, we will pay attention to detail and will thoroughly guide our clients through the entire real estate transaction. Once you work with The Team, you will know you have made a lifelong, results driven Real Estate connection"
About LIGA Homes:
LIGA Homes unique residential and commercial developments utilize specially designed and manufactured recycled "element resistant" steel framing, in addition to toxic free magnesium oxide building materials and panels that are 100% mold, fungus, termite and rot resistant and fire resistant against temperatures up to 3500 degrees Fahrenheit as well as famed environmentalist Robert Plarr's exclusive "maximum rated" R-60 insulation -- combining to create disaster resistant materials and structures that can withstand up to a 7.5 magnitude earthquake and sustained gale force winds up to 175 MPH while negating damage caused by rain and flood exposure. With the addition of Plarr's green and renewable systems and products, LIGA Homes is now capable of providing affordable, fully sustainable and disaster resistant living environments – LIGA Homes is at the forefront of this new and improved direction for the green, sustainable and construction sectors.
For more information about LIGA Homes visit - www.LIGAHomes.com or contact the Company directly at 833-LIGAHOMES
General inquiries: ContactUs@LIGAHomes.com
About LIG Assets, Inc.:
LIG Assets, Inc. in association with Robert Plarr is the emerging "Leader in Green Assets" -- focused on exclusive green, renewable energy and sustainable and disaster resistant homes, living systems, technologies and components to be utilized in the residential and commercial real estate acquisition and development projects currently under way and now individual product sales, as well as rapid expansion into other sectors via acquisitions, mergers and joint venture partnerships. LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA."
For additional information about LIG Assets, Inc., Robert Plarr, and/or how to purchase our exclusive homes, structures, products and technologies or to subscribe online to LIGA's free Shareholder Newsletter for regular updates and alerts regarding important Company developments Please visit the Company's website at www.LeaderInGreenAssets.com -- also follow LIGA at Twitter.com/LIGAssets.
Forward-Looking Statements:
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings on file at www.OTCMarkets.com.