Thursday, February 20, 2014

Great Plains Holdings, Inc. (GTPH) Real Estate Subsidiary Complete Phase 1 of Asset Project Early

Great Plains Holdings this morning reported that its wholly owned subsidiary, Ashland Holdings, LLC, has completed phase 1 of its project pertaining to two recently acquired properties in Wildwood, Fla.

The previously announced acquisition includes approximately 0.9 acres of land, a 1,400-square-foot corporate office building, and an additional parcel of land with a manufactured home. Great Plains plans to occupy one or more of the five office spaces on the property and lease the remaining vacant offices to derive revenues.

Ashland has successfully completed the first phase of this plan ahead of schedule and under budget, reporting that the first tenant lease has been executed and the first tenant has moved in.

Phase 2 of this project is expected to be completed by the end of April 2014. This will allow for additional leases and cash flow for Ashland Holdings, aligned with Great Plains’ overarching goal to keep zero debt while increasing income streams over the next year.

“We couldn’t be more pleased with the rapid progress of our expansion strategy. Ashland Holdings has demonstrated its dedication and capability to establish and successfully execute a progressive plan of action,” said Great Plains’ President Denis Espinoza. “We look forward to keeping this pace as we move into the second phase in upcoming months.”

For more information, visit www.GTPH.com

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