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Hogan Assists in Another Bank Owned Transaction

Larry Hogan, President and CEO of the Hogan Companies headquartered in Annapolis, Maryland, announced today that the company recently assisted the buyer as a consultant in the purchase of the bank owned 152 single family lot Southgate subdivision located in Stafford County, Virginia.

The Hogan Companies acted as a consultant for the buyer, Pleasants Enterprises, a long-time client of the Hogan Companies. The project represents another significant transaction in Hogan Companies ongoing work with buyers and sellers of distressed properties. The buyer, a Maryland based development firm, paid $4.15 million for the 152 recorded lots located off of US 1 near Falmouth, Virginia.

Jake Ermer and Kevin Setzer of the Land and Commercial Division of the Hogan Companies worked with the buyer to complete the transaction with a division of Meridian Bank.

The Hogan Companies, a leading land firm in the mid-Atlantic region, has been responsible for the sale of more than 50,000 residential lots and assists numerous lenders with the disposition of assets.

CONTACT:
Jake Ermer
The Hogan Companies
2661 Riva Road
Annapolis, MD 21401
410.266.5100

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