Water Technologies International, Inc. Signs Letter of Intent to Acquire Orchard 79 a Residential Community with 87 Single Family Homes to Bolster its Balance Sheet with its Preferred Shar...
WATER TECH INTL (WTII)
NASDAQ:AMEX Investor Relations:
investors.wattswater.com
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Source: Yahoo! Finance
The Homes will be Rented with a Projected Two Million Dollar Gross Annual Rental income. PORT ST. LUCIE, FL / ACCESSWIRE / February 15, 2024 / Water Technologies International, Inc. (OTC Markets Pink Sheets: WTII News ) the leader in the technology in atmospheric water generator's production and design and water treatment, announced today, the letter of intent to acquire a 51% interest in Orchard 79, LLC., a 87 home community of single family homes that will generate approximately $2 Million dollars in revenue per annum. Water Technologies will issue new Preferred Series E shares for newly issues 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., will seek permanent financing of approximately $25 million dollars, 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 da
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