Nexia Holdings, Inc. (NXHD.OB) Announces Acquisition of Two Residential Properties
Today, Nexia Holdings, Inc. announced that it has signed a Real Estate Purchase Agreement with Casey J. Coleman to acquire two residential properties, both located in Salt Lake City, Utah. The estimated value of the properties is estimated to be $465,000 which will be paid with 93,000 shares of restricted Series C Preferred Stock. Both properties are fully occupied single-family dwellings. The company believes the purchase of these properties will serve as an example to other potential sellers and could add additional credibility to the soundness of Nexia's Real Estate Acquisition Strategy. Richard Surber, CEO of Nexia Holdings, stated, "The…