New subscribers, setup your Login ( Menu-Login)

Subscriptions

Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com

More
1 month 1 week ago #127732 by alexgreat
alexgreat replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Very good news today

Greenbriar Announces: Sage Ranch Marketing Update

Newport Beach, California--(Newsfile Corp. - August 17, 2022) - Greenbriar Capital Corp. (TSXV: GRB) (OTC Pink: GEBRF) ("Greenbriar") Greenbriar is extremely pleased to announce its discussions today with government officials regarding the unique and high demand for entry level housing in Tehachapi that is running completely opposite to the general housing market trend in both demand and price uptrend.

With respect to demand, the Inland Dry Port located 20 miles away, will employee a minimum of 3,000 new high paying union jobs and will be considered an offshoot of the Port of Los Angeles and Port of Long Beach. In addition, there are four additional major infrastructure projects approved, including the largest wind energy to hydrogen fuel production plant in California. In total, the five fully approved infrastructure projects will immediately require 3,500 new homes in Tehachapi. Greenbriar is extremely blessed to have a fully entitled 995 home debt-free subdivision that is the only viable solution to providing new homes for this demand. This new demand is in addition to Edwards AFB, Space X, Northrup Plant 42 and the entire aviation community. There are simply no meaningful water rights left after Sage Ranch, to provide more than another several hundred homes after Sage Ranch. We are delighted to secure in excess of the water rights needed.

Sage Ranch has the unique advantage of an environmental gold-medal location, being immediately adjacent the only high school, an elementary school and middle school, offering a near zero carbon footprint because of vastly reduced automobile usage. Add to this dream location, the approved entitlement, zoning, solar roofs, recycled grey water, smart meters and appliances and we have a location that no other real estate development can offer, anywhere. Sage Ranch is in the USDA overlay for 1.9% 38 year no-down payment mortgages (earn up to $125,000 with five dependents to qualify) and located in the safest region in Kern County and 44 safest in California. Sage Ranch has no peers.

With respect to price uptrend, four new small homes located seven blocks away are in escrow for $549,000 each, which is $130,000 higher per home than in the Altus report. The upward price pressure in Tehachapi is driven by the raw demand due to major infrastructure projects, ideal mountain community with clean air located 75 minutes north of Los Angeles, and a low crime and family community.

The Engineering team and General Contractor for Sage Ranch met with City staff last week, and are putting the final painstaking touches to the PDP.

Greenbriar met with Phantom Developments in Toronto last week and Phantom is reviewing the additional facts needed for bid price improvement.

Please Log in or Create an account to join the conversation.

More
1 month 2 weeks ago #127721 by Gambler
Gambler replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Good interview Ron, thanks, stock has been edging higher

Please Log in or Create an account to join the conversation.

More
1 month 3 weeks ago #127715 by RonS
RonS replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
I did an interview with CEO Jeff Ciachurski

Please Log in or Create an account to join the conversation.

More
2 months 2 weeks ago #127696 by RonS
RonS replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
I was looking for some comparison to Greenbriar's Sage Ranch real estate development and the best I have found thus far is from Harbor Custom Development NASDAQ:HCDI Recent Price US$1.35.

Harbor is selling it's Washington state apartment development projects for US$278 million. The 6 projects total 734 units and the projects are just starting construction or soon will be, so a similar stage of development as Sage Ranch.

investors.harborcustomhomes.com/profiles...856&BzID=2449&G=1380

The asking price works out to about $379,000 per unit. By comparison, the 140-unit Bella on Canyon in Puyallup recently sold for about $360,000 a unit, still well above the Pierce County average per-unit price of $181,000 in the fourth quarter of 2021.

You can view the 6 development projects with this link

harborcustomhomes.com/communities/multi-family

This is a different State and apartments vs housing at Sage Ranch, but it suggests Greenbriar's US$181 million asking price for Sage Ranch is very reasonable and attainable.

Custom has 54.8 million shares out fully diluted and the stock has been hit hard in the bear market, down from $3.00 in May. The current market cap is US$74 million or C$96 million well over 2 times that of Greenbriar.

Please Log in or Create an account to join the conversation.

More
2 months 2 weeks ago #127695 by alexgreat
alexgreat replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Thanks GB, here is news today

Mr. Jeff Ciachurski reports

GREENBRIAR TO SELL SAGE RANCH FOR CDN $181 MILLION OR CDN $4.82 PER SHARE FULLY DILUTED

Greenbriar Capital Corp. has engaged Paul Morris Forward Living to sell to institutional real estate investors the company's fully entitled 995-home Sage Ranch entry level subdivision in California for net $139-million (U.S.) ($181-million) or $3.71 (U.S.) ($4.82) per share fully diluted, with Greenbriar and its general contractor to manage and execute the construction oversight and permitting.

On Jan. 24, 2022, Altus Group Ltd. completed a conservative financial feasibility study on Sage Ranch where it conducted a 116-page analysis using conservative assumptions including deducting from revenue a $11.1-million (U.S.) contingency amount, stating lower selling prices, using higher than actual construction costs and further deducting $26-million (U.S.) in sales commissions. The net profit to Greenbriar was then calculated by Altus at $173.9-million (U.S.). Further, $139-million (U.S.) is a conservative discounted price from the $173.9-million (U.S.) given to Greenbriar by Altus. Altus never considered in its analysis United States federal agency building grant programs, U.S. federal agency interest rate subsidies or valuations based on federal grants providing up to 90 per cent of the construction and acquisition costs adding to $220-million (U.S.), the revised NPV (net present value).

Altus Group is the industry standard for large real estate feasibility reports for banks and lenders in North America. A buyer for Sage Ranch at $62-million (U.S.), leaves $158-million (U.S.) in potential lost NPV plus upside on increased valuations over the next six years on a standard construction sales schedule or increased values on the cap rate from 995 home rentals over a 25-year period, with additional terminal values.

Forward Living's Paul Morris has ownership and management of 7,500 real estate agents in California, completing $24-billion of real estate sales in 2021.

Additionally, homebuyers for Sage Ranch can qualify for U.S. federal government USDA home loans, that even under present interest rate conditions, interest rates are subsidized down to 1.9 per cent over 38 years, with zero down payment. If a homeowner loses their job, the USDA will cover up to two years of their mortgage payments, two years of their car payments and two years of their property taxes. There is a chronic and persistent shortage of 2.4 million entry level homes in California.

The purpose of this news release is its materiality given the asset value and to prevent selective public disclosure. Greenbriar remains in discussions with Phantom Developments Ltd. for an increased bid price and both parties are looking at various financial strategies on how to get there.

Please Log in or Create an account to join the conversation.

  • GoldnBoy
  • GoldnBoy's Avatar
  • Away
  • Platinum Member
  • Platinum Member
More
2 months 2 weeks ago #127694 by GoldnBoy
GoldnBoy replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Trading picking up today on the news, here is depth
Attachments:

Please Log in or Create an account to join the conversation.

More
2 months 3 weeks ago #127687 by Gambler
Gambler replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Wake up all, looks like the stock is under accumulation. Often on up moves you see retail buying, but they were the sellers out of RBC and TD. The buying was mostly Canaccord and Anonymous. Yup thats right, Anonymous a buyer instead of a seller

Attachments:

Please Log in or Create an account to join the conversation.

  • GoldnBoy
  • GoldnBoy's Avatar
  • Away
  • Platinum Member
  • Platinum Member
More
2 months 3 weeks ago #127686 by GoldnBoy
GoldnBoy replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Here is latest depth
Attachments:

Please Log in or Create an account to join the conversation.

More
2 months 3 weeks ago #127685 by JunglistGuy
JunglistGuy replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
new high at $1.50, looks like all that in $1.30s bought out.

I am sitting tight until over $3.00

Please Log in or Create an account to join the conversation.

  • GoldnBoy
  • GoldnBoy's Avatar
  • Away
  • Platinum Member
  • Platinum Member
More
2 months 3 weeks ago #127684 by GoldnBoy
GoldnBoy replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
stock has been bouncing around. I picked up a bit more.
Here is current depth

Attachments:

Please Log in or Create an account to join the conversation.

More
2 months 3 weeks ago #127683 by DearJohn
DearJohn replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
last $1.40 up 20 cents

Please Log in or Create an account to join the conversation.

More
2 months 3 weeks ago #127682 by Gambler
Gambler replied the topic: Greenbriar Capital TSXV:GRB, www.greenbriarcapital.com
Opened at $1.24

Please Log in or Create an account to join the conversation.

Moderators: RonS
Time to create page: 0.211 seconds
© 2019 Playstocks.net. All Rights Reserved. Designed By JoomShaper