HOUSTON, TX / ACCESSWIRE / January 4, 2018 / Brightlane Corp. (OTCQB: BTLN), a real estate operator providing opportunities in affordable housing via reasonable rents and leases plus an opportunity to participate in a right-to-purchase program after meeting certain criteria, is seeking growth in ancillary markets. The Company is augmenting its business plan to access higher value and higher profit market segments with synergistic effects to the Company’s business model.
Brightlane seeks to expand its business model into the following areas: multifamily, active adult living, student housing, build-to-rent in the affordable housing space, non-performing notes, and credit reporting. Furthermore, Brightlane will be executing a ground up construction platform of rental single and multifamily products. “Our market segment has evolved and Brightlane is responding accordingly,” states Steve Helm, President and CEO of Brightlane Corp. “With the current market evolution and market dynamics, we have now better aligned our acquisition strategies to most effectively utilize our $5 million credit facility and gain access to additional finance,” continues Helm.
In order to grow in this competitive market for distressed assets Helm states, “We are ‘thinking outside the box’ and plan to deploy ancillary services and technologies that have the ability to provide above par financial performance. We believe that the acquisition and utilization of new technologies and the development of innovative strategies to take advantage of this evolving market are critical to success.”
“To that end, we are evaluating and are in discussions with various entities providing technological and ancillary services. We are looking to acquire companies and/or joint venture with companies that are providing ancillary services and/or technologies that will further evolve our business model,” states Helm.
“One of our goals for 2018, which we believe can be accomplished this calendar year by adhering to our acquisition and corporate development initiatives, is to apply for admission to the NASDAQ Exchange,” states Helm.
About Brightlane Corp.:
Houston, Texas-based Brightlane Corp. is a real estate operator providing opportunities in the affordable housing market including reasonable rents and leases plus an opportunity to participate in a right-to-purchase program upon meeting certain criteria. Brightlane currently acquires single-family homes and portfolios of single-family homes. Brightlane actively pursues the acquisition of these types of homes through one-off purchases, the purchase of portfolios, and other methods of acquisition.
For more information, please visit: www.brightlanecorp.com.
Safe Harbor Statement:
Except for statements of historical fact, the matters discussed in this press release are forward-looking and are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements made herein regarding the intent, belief or current expectations of Brightlane Corp. are forward-looking statements that reflect numerous assumptions, risks and uncertainties, many of which are beyond our control, and any of which could cause our actual future results to differ materially from our stated expectations today. Prospective investors are cautioned that our forward-looking statements are never guarantees of future performance. Important factors currently known to management that could cause our actual future results to differ materially from those indicated in our forward-looking statements today include our limited operating history, fluctuations in our operating results, our ability to compete successfully and our ability to attract necessary capital on satisfactory terms. Except as required by applicable law, we undertake no obligation to update or revise our forward-looking statements to reflect changed assumptions, the occurrence of unanticipated future events or changes in our future operating results.
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SOURCE: Brightlane Corp.