Tuesday, May 27, 2014

Great Plains Holdings, Inc. (GTPH) Pursues Real Estate Assets

Great Plains Holdings has followed an interesting path since it was founded in 1999. From a name change (from LILM to Great Plains Holdings) in 2013 to better reflect its direction to diversify businesses interests, Great Plains is moving beyond its retail beginnings. Through Ashland Holdings, a wholly owned subsidiary, the company is making strides within the real estate sector and committed to further diversifying this division of the business. Ashland not only acquires but operates a number of income-generating properties, including apartment buildings, self-storage facilities, and manufactured home communities for seniors.

Nowadays, Great Plains is straddling the line between aggressive and conservative growth when it comes to its real estate pursuits. In the first few months of 2014 alone, Ashland has advanced its parent company’s rapid expansion with two key moves.

In January, Ashland finalized the purchase of two adjoining parcels of land in Wildwood, Florida. The estimated 0.9-acre acquisition came intact with a mobile home and a sizeable 1,400 square foot corporate office building that Great Plains and Ashland intend to partly use as office space and partly lease for income. The property was acquired at a steal at less than $50,000 and has the potential of growing in value, as property records indicate it sold $250,000 prior to the real estate sector crisis in 2008.

In April, Ashland partnered with TexStar Energy on the lease of a 150-acre property in Guadalupe County, Texas, which holds an estimated 3 million barrels of recoverable oil reserves. Ashland entered into this partnership through a private placement investment in a joint venture run by TexStar Energy and, in line with the agreement, will receive income based on the net revenue interest on the lease.

For more information, visit http://GTPH.QualityStocks.net

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