National Residential Properties, Inc. Expands Development to Connecticut; Announces Joint Venture With Active Adult Communities Developer.

Business Wire | April 19, 2001 | Copyright

Business Editors

MIAMI--(BUSINESS WIRE)--April 19, 2001

National Residential Properties, Inc. (OTCBB:NRES) (Formerly OTCBB:NRPI) Richard Astrom, President and CEO announced today that: "NRES will joint venture a group of 6 Adult Communities in Connecticut with CT Adult Condominiums LLC. The first land purchase is in Hebron, Conn. NRES is paying $450,000 for the land. On the Hebron parcel, 80 condominium units will be built, 2 units per building. The individual units will sell for approximately $200,000. The focus of the community will be residents ...

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