IDGR the Real Estate Investment Trust under a penny per share
Crazy value at .005/share!
$IDGR is positioned as a multi-sector holding company similar to Berkshire Hathaway but on a micro-cap scale expanding through acquisitions and partnerships spanning several industries.
The recent acquisition of Hospitality Development Group adds experience and assets in luxury hospitality, real estate development, mining and commercial financing.
Today they added a heavy hitter to the board:
Gerald Guterman is an international real estate developer and investor with a career spanning more than six decades. He is one of the largest multi-family apartment owner/conversion specialists in the United States, having owned, operated, and converted more than 78,000 apartments, and is widely regarded as the country’s most prolific condominium converter, having converted more than 26,000 rental apartments to condominium and cooperative ownership across sixteen states.
Mr. Guterman’s landmark transactions include negotiating the largest single direct purchase of office properties in FDIC history — a portfolio of more than 3,250,000 square feet across eight states, later known as the Mack-Cali REIT — as well as the acquisition of the hotel portfolio that became Wyndham Hotels and Resorts. His development work includes Roosevelt Island’s residential housing in New York and the 1,808-acre Harris Branch planned community in Austin, Texas.