{"id":417983,"date":"2021-01-20T12:43:19","date_gmt":"2021-01-20T17:43:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=417983"},"modified":"2021-01-20T12:43:19","modified_gmt":"2021-01-20T17:43:19","slug":"harbor-custom-development-inc-expands-geographic-footprint-enters-sacramento-metro-housing-market","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/harbor-custom-development-inc-expands-geographic-footprint-enters-sacramento-metro-housing-market\/","title":{"rendered":"Harbor Custom Development, Inc. Expands Geographic Footprint \u2013 Enters Sacramento Metro Housing Market"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">Gig Harbor, Washington , Jan.  20, 2021  (GLOBE NEWSWIRE) &#8212; Harbor Custom Development, Inc. (\u201cHarbor,\u201d \u201cHarbor Custom Homes\u00ae,\u201d or the \u201cCompany\u201d), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has contracted to acquire 64 developed lots in the Darkhorse Golf Course community 33 miles northeast of Sacramento in Auburn, California for $9,143,700.\u00a0 <\/p>\n<p align=\"justify\">The Darkhorse Golf Course lots average a half acre in size and provide scenic views of the beautiful four-star rated course and hill country setting. \u00a0Harbor Custom Homes\u00ae anticipates commencing construction of 4 and 5 bedroom luxury homes priced from $900,000 to $1,200,000 beginning in the second quarter of 2021.\u00a0 The 64 lot acquisition marks Harbor\u2019s initial expansion outside of Washington State as it begins to execute its previously stated plan to create a national footprint in areas that exhibit increasing demand along with dwindling supply.<\/p>\n<p align=\"justify\">\u201cWe are excited to establish a presence in the Sacramento metro marketplace which is a significant milestone for the Company.\u00a0 This is the first of two regional expansions planned for the first quarter of 2021. \u00a0Urban flight from the Bay Area and Silicon Valley to the less populated bedroom communities like Auburn provides for a steady stream of move up and luxury buyers,\u201d stated Sterling Griffin, President and CEO of Harbor Custom Homes. \u00a0\u201cWe believe creating a national footprint diversifies our revenue opportunities and can ultimately translate into increased shareholder value,\u201d further stated Mr. Griffin. \u00a0<\/p>\n<p>\n        <strong>About Harbor Custom Development, Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">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\u2019s Puget Sound region.\u00a0 Harbor has active or recently sold out residential communities in Gig Harbor, Bremerton, Silverdale, Bainbridge Island, and Allyn in the state of Washington.\u00a0 Harbor Custom Development\u2019s 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.\u00a0 Harbor focuses on real estate within target markets with convenient access to metropolitan areas that are generally characterized by diverse economic and employment bases and increasing populations.\u00a0 For more information on Harbor Custom Development, Inc., please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Uxuds33NQ_w2eJqo2KHNuYjtQG_lOOaePxnWgtqOPe8qcGxNTp8yiACJwEuH8Rc6CQuAsHV15aQZ_9Pn9RrgvHFKP3xD5DJOaIKrhE8Mh-g=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><u>www.harborcustomdev.com<\/u><\/a><u>.<\/u><\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">Certain statements in this press release constitute \u201cforward-looking statements\u201d within the meaning of the federal securities laws. \u00a0Words such as \u201cmay,\u201d \u201cmight,\u201d \u201cshould,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201cpredict,\u201d \u201cforecast,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cintend\u201d or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements.\u00a0 These forward-looking statements are based upon current estimates and assumptions.\u00a0 While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release.\u00a0 These forward-looking statements are subject to various risks and uncertainties, including without limitation those set forth in the Company\u2019s filings with the Securities and Exchange Commission.\u00a0 Thus, actual results could be materially different.\u00a0 The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.<\/p>\n<p>\n        \n      <\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODEzODkxMSMzOTM3NjQ4IzUwMDA3MzA2OQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/5bc9b0b2-ed2b-442f-86d0-2884e3d6c69b\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Investor Relations\r\nHanover International\r\nIR@harborcustomdev.com\r\n866-744-0974<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gig Harbor, Washington , Jan. 20, 2021 (GLOBE NEWSWIRE) &#8212; Harbor Custom Development, Inc. (\u201cHarbor,\u201d \u201cHarbor Custom Homes\u00ae,\u201d or the \u201cCompany\u201d), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has contracted to acquire 64 developed lots in the Darkhorse Golf Course community 33 miles northeast of Sacramento in Auburn, California for $9,143,700.\u00a0 The Darkhorse Golf Course lots average a half acre in size and provide scenic views of the beautiful four-star rated course and hill country setting. \u00a0Harbor Custom Homes\u00ae anticipates commencing construction of 4 and 5 bedroom luxury homes priced from $900,000 to $1,200,000 beginning in the second quarter of 2021.\u00a0 The 64 lot acquisition &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/harbor-custom-development-inc-expands-geographic-footprint-enters-sacramento-metro-housing-market\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Harbor Custom Development, Inc. Expands Geographic Footprint \u2013 Enters Sacramento Metro Housing Market&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-417983","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Harbor Custom Development, Inc. Expands Geographic Footprint \u2013 Enters Sacramento Metro Housing Market - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/harbor-custom-development-inc-expands-geographic-footprint-enters-sacramento-metro-housing-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Harbor Custom Development, Inc. Expands Geographic Footprint \u2013 Enters Sacramento Metro Housing Market - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Gig Harbor, Washington , Jan. 20, 2021 (GLOBE NEWSWIRE) &#8212; Harbor Custom Development, Inc. (\u201cHarbor,\u201d \u201cHarbor Custom Homes\u00ae,\u201d or the \u201cCompany\u201d), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has contracted to acquire 64 developed lots in the Darkhorse Golf Course community 33 miles northeast of Sacramento in Auburn, California for $9,143,700.\u00a0 The Darkhorse Golf Course lots average a half acre in size and provide scenic views of the beautiful four-star rated course and hill country setting. \u00a0Harbor Custom Homes\u00ae anticipates commencing construction of 4 and 5 bedroom luxury homes priced from $900,000 to $1,200,000 beginning in the second quarter of 2021.\u00a0 The 64 lot acquisition &hellip; Continue reading &quot;Harbor Custom Development, Inc. 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