Weekly Real Estate News
Boxabl Inc. (NASDAQ: BXBL), the Las Vegas-based manufacturer of factory-built housing solutions, has entered into a multiyear purchase agreement with the multifamily housing developer LC Vegas Acquisitions LLC for the purchase of up to 1,500 Boxabl homes over a three-year period.
Under the terms of the agreement, which is Boxabl’s largest announced residential purchase arrangements to date, purchases are expected to occur in phases, with approximately 500 homes anticipated annually. The financial aspects of the deal were not disclosed.
“Boxabl’s manufacturing platform gives us a way to deliver attainable, high-quality housing at a pace and price point that traditional construction can’t match,” said Greg Palivos, co-founder and managing partner of LC Vegas Acquisitions. “This partnership reflects our shared commitment to bringing disciplined execution and design-forward thinking to the housing challenges facing communities across the country.”
