Medigus To Acquire 60% Interest Of Commercial Property In Miami For $2M
Portfolio Pulse from Benzinga Newsdesk
Medigus Ltd. (NASDAQ:MDGS) has signed an agreement to form a joint venture with a US-based partner to purchase, renovate, manage and sell a commercial property in Miami, Florida. Medigus will initially contribute $2 million for a 60% stake in the JV, which will decrease to 30% once the initial contribution has been fully repaid. The company plans to explore additional opportunities in Miami's real estate market.
September 28, 2023 | 1:24 pm
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POSITIVE IMPACT
Medigus's investment in Miami's real estate market could diversify its revenue streams and potentially provide a significant return on investment, given the positive trends in the Miami real estate market.
Medigus's investment in Miami's real estate market could provide a new source of revenue for the company, diversifying its income streams. Given the positive trends in the Miami real estate market, this investment could potentially provide a significant return. However, the success of this venture will depend on the company's ability to effectively manage and sell the property.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100