NWPN Las Vegas, Nevada--(Newsfile Corp) - Medic
Post# of 103010
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Posted On: 03/17/2021 12:33:48 PM
NWPN
Las Vegas, Nevada--(Newsfile Corp) - Medican Enterprises Inc. (OTC Pink: MDCN) is pleased to announce this corporate update to enlighten all stakeholders of current developments.
As of July 19, 2019, Medican signed an Acquisition and Merger Agreement with Immediate Properties LLC. Pursuant to the agreement, Ken Williams was to resign after three months from all positions. Dana Belle was immediately appointed as Interim Chief Executive Officer and as a director.
A brief description of Immediate Properties is as follows:
Immediate Properties specializes in residential and commercial real estate investment and development. The Company's success has worked to form lasting, concrete relationships with top equity suppliers, such as individual, commercial and institutional sources. These relationships enable Immediate Properties to provide beyond typical market approaches to finding and acquiring income-producing projects.
The Company specializes in value-add investment and development in "A" locations in urban infill areas. It has expertise in multifamily, retail, office, mixed-use, adaptive re-use of industrial buildings and historic renovations. Immediate's current investment portfolio includes properties across Northern and Southern California, Atlanta, and Nevada. The Company is actively investing in California and other select metro areas where we believe relatively high cap rates are not justified due to strong fundamentals.
Las Vegas, Nevada--(Newsfile Corp) - Medican Enterprises Inc. (OTC Pink: MDCN) is pleased to announce this corporate update to enlighten all stakeholders of current developments.
As of July 19, 2019, Medican signed an Acquisition and Merger Agreement with Immediate Properties LLC. Pursuant to the agreement, Ken Williams was to resign after three months from all positions. Dana Belle was immediately appointed as Interim Chief Executive Officer and as a director.
A brief description of Immediate Properties is as follows:
Immediate Properties specializes in residential and commercial real estate investment and development. The Company's success has worked to form lasting, concrete relationships with top equity suppliers, such as individual, commercial and institutional sources. These relationships enable Immediate Properties to provide beyond typical market approaches to finding and acquiring income-producing projects.
The Company specializes in value-add investment and development in "A" locations in urban infill areas. It has expertise in multifamily, retail, office, mixed-use, adaptive re-use of industrial buildings and historic renovations. Immediate's current investment portfolio includes properties across Northern and Southern California, Atlanta, and Nevada. The Company is actively investing in California and other select metro areas where we believe relatively high cap rates are not justified due to strong fundamentals.
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