Water Technologies to acquire residential community with 87 single family homes [Seeking Alpha]
WATER TECH INTL (WTII)
NASDAQ:AMEX Investor Relations:
investors.wattswater.com
Company Research
Source: Seeking Alpha
Water Technologies would issue new Preferred Series E shares for newly issued ownership in the real estate project. The Orchard 79 community is several months away from completion and has completed 52 homes so far. Orchard 79, LLC., would seek permanent financing of about $25M, leaving significant equity in the project. The parties are in the stages of reaching a definitive agreement and expect to complete the transaction in the next thirty days. Recommended For You Recommended For You About WTII Stock Related Stocks Trending Analysis Trending News
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