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Investing

PulteGroup Sells Unfinished Development in Colorado (PHM)

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By Paul Ausick Published
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Homebuilder PulteGroup Inc. (NYSE: PHM) has sold a 1,700 acre parcel of land originally set to be a master planned community of about 1,500 homes near Denver. The land was sold in an all-cash transaction to private real estate investment firm Wheelock Street Capital LLC for an undisclosed price.

Pulte said that the company will not realize a material gain or a loss on this sale. The company has already sold some $12.5 million worth of land in its West region this year. Net new orders from the region are down for the year, but up for the most recent quarter, and the order cancellation rate in the West is also rising.

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Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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