Company
Harbor Custom Development Inc.
NASDAQ:HCDI
Harbor Custom Development, Inc. is a real estate development company involved in all aspects of the land development cycle including land acquisition, entitlements, construction of project infrastructure, home building, marketing, sales, and management of various residential projects in Western Washington's Puget Sound region; Sacramento, California; Austin, Texas and Punta Gorda, Florida. As a land developer and builder of apartments, condominiums, single-family homes and luxury homes, Harbor Custom Development's business strategy is to acquire and develop land strategically based on an understanding of population growth patterns, entitlement restrictions, infrastructure development, and geo-economic forces. Harbor focuses on acquiring land with scenic views to develop and sell residential lots, new home communities, and multi-story condominium and apartment properties within a 20 to 60-minute commute of the nation's fastest-growing metro employment corridors. Harbor is leading the real estate industry as the first national land developer and home builder accepting payment in the form of cryptocurrency for its listed land, developed lots, residential homes, condominiums, and apartments.
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Harbor Custom Development to build luxury homes in Tacoma after striking deal to buy 70 acres
The land developer said it had inked a letter of intent to buy 70 acres in the port city for $5.75 million to construct an urban multi-story apartment project of around 200 units
Harbor Custom Development ends 3Q with $11.7M in sales despite a challenging market environment
The real estate company also reported that sales for the first nine months of 2022 increased by 10% to $50.6 million, compared to sales of $46 million for the first nine months of 2021
Harbor Custom Development inks LOI to acquire 15-acre Washington State property
“The accessibility to the I-5 corridor combined with a one-hour drive to Seattle provides two key metrics for a successful project,” Harbor Custom Development CEO Sterling Griffin said
Harbor Custom Development CEO offers promising updates on Washington State real estate properties
In a video, CEO Sterling Griffin reveals which projects are now leasing units and which others will follow suit in the next 60 days
Harbor Custom Development closes $39M construction loan for apartments in Washington State
The land developer and home builder said it anticipates leasing the Meadowscape apartment complex’s first phase beginning in February 2023, and completing construction in late June 2023
Harbor Custom Development hits record revenue in first half; to complete several multi-family projects by end 2022
For the six months ended June 30, 2022, the Tacoma, Washington-based real estate company, reported sales of $38.9 million, compared to $28 million in the first half of 2021
Harbor Custom Development announces $5.4M sale of land tracts in Blaine, Washington to Noffke Landholdings
“Their commitment to accumulating undeveloped multi-family tracts is a validation of our business model that focuses on monetizing our real estate assets at the most opportune time in the development cycle,” said the company's president and
Harbor Custom Development authorizes new stock repurchase program
"The Board's decision to authorize a second stock repurchase plan demonstrates their confidence in management's ability to execute on Harbor's stated business objectives and the positive outlook for the company's growth over the long term,"
Harbor Custom Development sees 1Q sales more than double thanks to strong buyer demand
For the period ended March 31, 2022, the Tacoma, Washington-based real estate developer reported consolidated net sales of $28.6 million, compared to $13.9 million in the corresponding period a year earlier
Harbor Custom Development CEO Sterling Griffin offers insights into the post-pandemic real estate market
Harbor Custom Development is working to address the country's housing supply shortage through the development of multi-family projects located a short commute from urban cores
Harbor Custom Development lists six Western Washington apartment projects totaling 734 units for a combined value of $278M with Kidder Mathews
"We are capitalizing on this market dynamic by listing for sale our current owned inventory of six apartment projects totaling 734 units in various stages of construction," said Sterling Griffin, president and CEO of Harbor Custom Developme
Harbor Custom Development enters Texas market with 208 single-family lot developments
The real estate development company said the lots, under various stages of development, are located throughout the Austin metropolitan statistical area