Benzinga | Apr 1, 2021 07:06AM EDT

Harbor Custom Development, Inc. Sells 50 Lots To Lennar For $7M

April 01, 2021 (GLOBE NEWSWIRE) -- Harbor Custom Development, Inc. ("Harbor," "Harbor Custom Homes(r)," or the "Company"), (NASDAQ:HCDI), an innovative and market leading real estate company involved in all aspects of the land development cycle, today announced that it has closed on the phase 6 sale of 50 residential lots at Soundview Estates in Bremerton, Washington to Lennar Northwest, Inc., a subsidiary of the Lennar Corporation ("Lennar"), for $7,000,000.