Community Redevelopment Inc. (OTC: CRDV)

 

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Community Redevelopment, Inc. (OTC:CRDV)

   

Website: https://www.comredev.com

Community Redevelopment SEC Filings

 

Community Redevelopment Inc. (OTC: CRDV) is a full-service real estate company with a management team that has extensive experience in acquiring, developing, constructing, and managing high-quality multifamily, and retail properties in attractive markets throughout the Mid-Atlantic and Southeastern United States, as well as extensive capital markets experience. The Company is focused on all aspects of the real estate development cycle including land development, design build, property operations, and site redevelopment.

Community Redevelopment plans to develop and build desirable properties for its own account and through joint ventures with affiliated and unaffiliated partners. Community Redevelopment offers investors an opportunity to participate in the growth and upside of trends in the real estate market by being a shareholder. As an owner of shares of common stock, investors experience significantly increased liquidity as compared to owning real estate.

CRDV's primary focus is on community development in urban and suburban markets. CRDV provides sustainable, long-term value to investors as by providing opportunities to improve neighborhoods. CRDV seeks to improve these neighborhoods with residential, commercial, and industrial development projects, while designing architecturally pleasing, clean, energy efficient communities and commercial structures. CRDV plans to build value for its shareholders by developing real estate in multicultural and ethnically diverse urban communities, as well as mainstream America.


Properties

Community Redevelopment owns membership interests in six properties which are comprised of retail, multifamily and mixed-use development projects in the Washington DC metropolitan region. The Company anticipates acquiring several properties and expanding into other markets. Community Redevelopment Inc. is currently seeking additional opportunities in the Mid Atlantic, South East, and Gulf Coast states markets. Community Redevelopment plans to deliver significant value to shareholders by developing and building high-quality, well-located projects at wholesale cost, for its stabilized portfolio or to sell for a profit. The Company also plans to partner with other developers to build or acquire fractional or membership interests in economically viable projects.

Senator Ron A. Silver, Chairman, Audit Committee - Senator Ronald A. Silver was first elected to the Florida House of Representatives in 1978 and continued his tenure in that body until 1992. While in the Florida House, Senator Silver served in major positions, including Majority Whip (1984-1986) and Majority Leader (1986-1988). He also chaired various committees, including the Select Committee on Juvenile Justice, Criminal Justice, Ethics and Elections, as well as the Subcommittee of Appropriations on General Government. Senator Silver was then elected to the Florida Senate in 1992 and subsequently re-elected, serving as the Majority (Democratic) leader for the 1994 session. During his last term in the Senate, he was designated by both the House and Senate as the Dean of the Legislature recognizing his standing as the longest serving member.

In 1993, Mr. Silver was elected Chairman of the Southern Legislative Conference (17 Southern States) of the Council of State Governments. Most recently, a new prescription drug plan for Medicare-eligible senior citizens in the State of Florida has been named the “Silver Saver” in his honor.

Since his retirement from the Senate in 2002, Mr. Silver also functions as President of his own consulting firm (Ron Silver & Associates) and maintains his law practice in Miami Beach, Florida. In addition, Mr. Silver served as the first chairman of the Florida Biofuels Association and is currently the immediate past chairman and a Member of the Board Directors of that organization.

Garfield Antonio, President, Executive Officer- Garfield Antonio, born in 1968, is the co-founder of The Velocity Companies a leading Real Estate Development Company headquartered in Washington DC. Additionally, Mr. Antonio is a minority owner of the Gastonia Honey Hunters an Atlantic League Minor League Baseball team.  Mr. Antonio has more than 30 years of experience in banking, financing, and real estate development where he specializes in apartments and commercial real estate development that requires an understanding of Municipal Financing, Tax Incentive Financings (TIFs), Tax Exempt Bonds, Private Placement Bond Financing, Planned Community Developments, and pioneering emerging markets.

Prior to forming Velocity, Mr. Antonio worked as a senior executive for Riggs Bank NA and held other executive positions at both Mercantile Potomac Bank, and Silicon Valley Bank. Mr. Antonio served as the chief financial officer and senior development manager for the Saint Paul Community Development Corporation. As a leading non-profit organization, this group developed affordable workforce housing, market rate condominiums, and commercial properties. The organization provided much-needed housing to some of the most underserved neighborhoods in Prince George’s County Maryland and the District of Columbia. Mr. Antonio has a Bachelor of Science degree in Marketing and Business Administration from Delaware State University.

Charles Arnold, Chief Executive Officer - Mr. Arnold is focused on building partnerships between the public and private sector to improve neighborhoods for residential, commercial, and industrial opportunities through government incentives and agreements.

Mr. Arnold has enjoyed tremendous success as an entrepreneur and has served as a consultant and advisor to public and private companies since 1992. His primary role has been to assist clients in making informed decisions on appropriate corporate structures, corporate governance, company strategy, disclosure, as well as guiding management on the selection of their professional team of bankers, lawyers, accountants, and key internal executives. Mr. Arnold has been responsible for financing, capitalizing, and structuring start-up companies from the inception stages to the public market, while providing management teams with a comprehensive set of strategies to increase the probability of successful execution and to set the stage for long-term shareholder returns.

Stalin A. Cruz, Chief Financial Officer, Executive Officer - Stalin A. Cruz is an experienced and successful financial services executive with over 27 years of experience in capital markets, with an extensive knowledge of domestic and international markets. Mr. Cruz currently serves as the Managing Partner and CEO of Cruz Capital Management, LP. He is also a member of the capital markets team at a New York based full-service investment banking and brokerage firm. Mr. Cruz has held several principal positions through his Wall Street career.

His commitments have included working with institutional and private investors in; private placements, IPOs, secondary offerings, fixed-income trading, and equity trading. Mr. Cruz began his Wall Street career in 1994 and has held various positions including registered sales trader, market maker, investment banker, MSRB Principal, managing director of trading, senior Vice President of advisory services. He is well versed in SEC rules and regulations as well as Generally Accepted Accounting Principles (GAAP) established by the Financial Accounting Standards Boards (FASB). Mr. Cruz holds FINRA Series 4,7,24,53,55,63 and SIE licenses.

Kevin Humes, Veterans and Tribal Affairs, Executive Officer - Mr. Humes, a retired, disabled veteran, is the managing partner of USA International Holdings Co, U.S.A. AIA International Corp. During his 18 years of decorated service in the U.S. Army and prior to his medical discharge, Kevin was responsible for in-service recruitment, retention, education, and service member training for a company unit size of 300 personnel. Additional duties included assisting service members in preparation for departure from military service by utilizing all resources available to ensure a smooth transition.

In 2000, Mr. Humes founded and became President and CEO of the American Veterans Alliance (AVA), a veteran’s service organization. He also became President of the American Alliance for Disabled Veterans, a 501c-3 nonprofit organization. Both organizations were founded to support veterans by assisting with providing education, employment, access to quality health care, and guidance in business and entrepreneurship. His legislative endeavors to support and empower veterans throughout the past 20 years have put the American Veterans Alliance and the American Alliance for Disabled Veterans front and center, advocating directly to the Secretary of Veteran Affairs, the Joint Chiefs of Staff, the Department of Defense, and the Department of Labor, along with many of America’s largest veteran organizations.

Myron Jones, Head of Development - Mr. Jones founded Millennium Acquisition Partners LLC 2014, as a real estate services and investment company doing business in the Washington, DC, Baltimore, MD, and New York metro areas. As the principal of Millennium Acquisition Partners, LLC, Mr. Jones has focused primarily on mixed-use and transit-oriented projects that are environmentally conscious and promote new urbanism. He has primarily been responsible for feasibility and due diligence of early-stage real estate projects, the acquisition and disposition of distressed institutional assets, and providing underwriting support for institutional funding and equity partnerships. Millennium has negotiated and advised clients on more than $26 Million in debt and equity placement.

Prior to Millennium Acquisition Partners, LLC, Mr. Jones participated in the feasibility and predevelopment phases of more than $250 million in re-development. He assisted with a project currently under construction consisting of 550,000 square feet of mixed-use development set on 25 acres, the creation of a TIF district, and the acquisition of $16.1 Million Tax Increment Financing. His skillset also includes writing a successful Minority Business Enterprise (MBE) plan, as well as underwriting support for institutional funding and equity partnerships. Mr. Jones has managed several multi-family development projects totaling more than $105 million in market value.

Randy Avon, Independent Director, Audit Committee - Randy Avon currently serves as the CEO of the Asian Pacific Development Corp., a multi-national business development and investment company where he has overseen more than $22 billion in global infrastructure projects in 17 separate countries. Mr. Avon is also well known for his social activism, having served in the Florida Legislature, former President & CEO of four World Trade Centers, Chair of OAS and has been a US delegate to the past four Summits of the Americas, recipient of the Global Leaders Award and recipient of the US State Department’s McKeithan Award for Outstanding International Achievements in the Private Sector, as well as being named one of South Florida’s “100 most power international leaders'' by CEO magazine. Mr. Avon holds a BS in Business Administration from University of Florida, 1962.

Joseph Gibbons, Independent Director, Audit Committee - Mr. Gibbons began his career at IBM and later served as President and General Manager of a computer manufacturing and distribution company. After working with leading U.S. law firm, Ackerman LLP, as a Public Policy Advisor, Mr. Gibbons established and is currently President of Gibbons Consulting Group representing large and small businesses with competences in Governmental lobbying and issue advocacy. A few of the private companies that have been engaged are Phillips Lighting (smart pole technology), Ultimate Software, ANF Construction Development, CLEAR, Edison Electric, Duke Energy, WEC Energy Group, and the Corradino Group.

Mr. Gibbons was elected to the Broward County Planning Council, and to the Florida House of Representatives where he was Chair of the Legislative Black Caucus, as well Chair of the National Black Caucus Committee on Energy, Transportation, and Environment. He was elected to the Florida House of Representatives in 2006, where he was elected Chair of the Florida Legislative Black Caucus and the Minority Leader Pro Tempore. He also served as Chair of the National Black Caucus of State Legislators Energy, Transportation, and Environment Committee. Prior to his election to the Florida House, he served one term as a City Commissioner in Hallandale Beach and the Broward County Planning Council. Mr. Gibbons was appointed to the White House Conference on Small Business, as well as being named the Small Business Administration “Minority Businessperson of the Year” for the Midwest Region and “Entrepreneur of the Year” by Chivas Regal.

Diversity and Inclusion

Community Redevelopment actively promotes diversity and inclusion in its projects by granting opportunities to Local, Small, and Disadvantaged Business Enterprises (LSDBE) as well as Minority Business Enterprises (MBE). CRDV considers several criteria before selecting the appropriate subcontractors. We review each one’s work experience, work load, manpower available, the schedule and scope of work required, as well as price competitiveness.


 


OTC Symbol: CRDV

Current Price: $3.01

Shares Outstanding: 42.75 million

Market Cap: $128.68 million


52 Week Trading Range:

52-Week Low: $1.00

52-Week High: $5.81


Corporate Offices:

20295 North East 29th Place
Suite 200
Aventura, FL 33180

Contact Information

Website: www.comredev.com

Phone: (866) 692- 6847

Sector(s): Real Estate
Industry: Real Estate—Diversified
 

Company Officers/Contacts:

Charles Arnold
Chief Executive Officer, Director

Garfield Antonio
President, Director

Kevin Humes
Veterans and Tribal Affairs, Director

Senator Ron A. Silver
Chairman, Audit Committee

Myron Jones
Head of Development

Stalin A. Cruz
Chief Financial Officer, Director

Board of Directors

Senator Ron A. Silver – Chairman, Audit Committee

Charles Arnold – Director

Garfield Antonio – Director

Stalin A. Cruz – Director

Kevin Humes – Director

Randy Avon – Independent Director, Audit Committee

Joseph “Joe” Gibbons – Independent Director, Audit Committee