SCOTTSDALE, Arizona,
March 12, 2014 /PRNewswire/ --
Zoned Properties, Inc. (OTC: ZDPY)
http://www.zonedproperties.com, a lessor of land, facilities, and
equipment to the medical marijuana market has announced that it has
monetized the note on the Safford,
Arizona dispensary location for an annualized return of
almost 94%. The company says this is their first booked profit and
should serve as a template for transactions of this kind going
forward.
Zoned Properties, Inc. V.P. of Operations and Chief
Sustainability Officer Bryan McLaren
stated, "Although this was a relatively small transaction, the
basis for it is representative of our company mission - finding
uniquely zoned properties, acquiring them, and either leasing or
selling them for a profit. We are happy to have booked a nice
profit in such a short amount of time, and are focusing on moving
on to larger regional markets that will provide potential for
larger returns for our shareholders."
CEO Marc Brannigan added, "The
Safford note transaction is
something we are looking to do on a much grander scale. We are
excited to have a template in place and a successful transaction
already accomplished in short order. We were able to quickly get a
return on our initial investment and are now going to focus on
bigger transactions in the marketplace. In addition, we had
concerns about the long-term profitability and prosperity of this
particular dispensary."
About Zoned Properties[SM], Inc.:
Zoned Properties[SM], Inc. is a strategic real estate investment
firm whose primary focus is acquiring commercial properties that
face unique zoning challenges. Zoned Properties[SM], Inc. will
acquire commercial properties zoned within a variety of usage types
such as industrial, agricultural, as well as mixed use. Zoned
Properties[SM], Inc. also targets commercial properties that can be
acquired and potentially re-zoned for specific purposes.
For more information please
visit http://www.zonedproperties.com
FORWARD-LOOKING STATEMENT AND DISCLOSURE: This press release
contains forward-looking statements, including expected industry
patterns and other financial and business results that involve
known and unknown risks, uncertainties and other factors that may
cause our actual results, levels of activity, performance or
achievements to differ materially from results expressed or implied
by this press release. Such risk factors include, among others: the
continuation of recent growth rates in the industry; the
positioning of Zoned Properties[SM], Inc. in the market; ability to
integrate acquired properties and technology; ability to retain key
employees; ability to successfully combine product offerings and
customer acceptance of combined products; general market
conditions, fluctuations in currency exchange rates, changes to
operating systems and product strategy by vendors of operating
systems; and whether Zoned Properties[SM], Inc. can successfully
execute their business plan. Actual results may differ materially
from those contained in the forward-looking statements in this
press release.
Investor Contact Information:
Investor Relations
Zoned Properties, Inc.
Phone: +1-877-360-8839
Email: investors@zonedproperties.com
SOURCE Zoned Properties, Inc.