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FOR IMMEDIATE RELEASE


AMERICAN COMMUNITY DEVELOPMENT

CORPORATION TO BUY LOCAL PROPERTY

Local Real Estate Firm to Expands

Its Housing for the Disadvantaged

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St. Petersburg, Florida – May 7, 2008 --- American Community Development Corporation (ACD) announced today that it has contracted to purchase more St. Petersburg property to expand its capacity to house disadvantaged tenants.

“We are pleased to announce the purchase of this property which is near the current facility of our non-profit partner and which we intend to lease to them for their tenants,” said John Folger, the company’s President. “This is part of our continuing program to acquire more property in the Tampa Bay area. We have numerous other acquisition prospects and envision signing them in the near future.”

ACD's property acquisition program is under the control of Mark Wilson, local real estate expert and ACD Vice President. 

American Community Development is building a substantial and profitable property portfolio that will offer housing to various disadvantaged tenant groups.


For More Information Contact:

American Community Development Corporation
5909 35th Avenue North, St. Petersburg, FL 33710
Tel: 272-735-7777
FAX: 215-326-5813
Internet: info@americancommunitydevelopment.com

 

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Copyright © 2007 American Community Development Corporation
Last modified: June 21, 2008