Photo via SmallCapVoice
Today, Mango Capital, Inc., a real estate holding company that specialises in acquiring undervalued American land and complementary operating businesses in promising markets, announces the acquisition of an additional 39 properties in Arizona, once again diversifying the company’s land holdings and further growing the balance sheet and real estate portfolio of Mango. Consideration for the said acquisition consists exclusively of shares of MCAP.
Rick Makoujy, the President of Mango, stated: “We continue to add real property to Mango’s balance sheet on very favorable terms for our shareholders. In time, the market will realize the value we are creating. We look at MCAP ownership as a great way to add a diversity of land as an asset class to one’s portfolio without the need for individual property analysis.
Mango is said to be selectively selling some of the company’s properties in an online auction that is called “Celebrate the New Year with New Land!” that will end on the 27th of December, 2017 at noon EST. The said auction can be accessed at the link below: