Alset Inc. subsidiaries agree to sell 299 lots in Texas for total ~$16.6M

Alset Inc.

150 CCM Black Oak signs agreement to sell 110 lots to Rausch Coleman for ~$6.6M.
Separate contract with Davidson Homes to sell 189 lots for ~$10M; first 94 lots close at initial stage.
Both deals have 30-day inspection periods; buyers may terminate for any reason.
Seller must complete improvements prior to closing; closings are not guaranteed.
Sales align with Alset's strategy to develop and sell lots in its real estate portfolio.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Alset Inc. entered into Purchase and Sale Agreement with Rausch Coleman Homes Houston, LLC valued at $6,586,250 (effective 2023-03-16).

Action: entry
Agreement: asset purchase
Counterparty: Rausch Coleman Homes Houston, LLC
Value: $6,586,250
Effective: 2023-03-16

Exact text from the filing

On March 16, 2023, 150 CCM Black Oak Ltd. (the “Seller”), a Texas limited partnership and an indirect, majority-owned subsidiary of Alset Inc. (the “Company”) entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”) with Rausch Coleman Homes Houston, LLC, a Texas limited liability company (“Rausch Coleman”).

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

Alset Inc. entered into Contract of Sale with Davidson Homes, LLC valued at $10,022,500 (effective 2023-03-17).

Action: entry
Agreement: asset purchase
Counterparty: Davidson Homes, LLC
Value: $10,022,500
Effective: 2023-03-17

Exact text from the filing

On March 17, 2023, the Seller entered into a Contract of Sale (the “Contract of Sale”) with Davidson Homes, LLC, an Alabama limited liability company (“Davidson Homes”).

View on SEC.gov

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Alset Inc. filing history →

Source: SEC EDGAR

accession 0001493152-23-009285

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