AMREP Corp T.AXR

Primary Symbol: AXR

AMREP Corporation, through its subsidiaries, is a holder of land, developer of real estate and homebuilder in New Mexico. The Company operates through two business segments: land development and homebuilding. The land development segment offers for sale both developed and undeveloped real property to national, regional and local homebuilders, commercial and industrial property developers and others. Activities conducted or arranged by the Company include land and site planning, obtaining governmental and environmental approvals (entitlements), installing utilities and storm drains, ensuring the availability of water service, building or improving roads necessary for land development and constructing community amenities. The homebuilding segment offers a variety of home floor plans and elevations at different prices and with varying levels of options and amenities to meet the needs of homebuyers. The Company focuses on selling single-family detached and attached homes.

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AMREP Corp > No Issuance Nor Approval of Water License

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Comment by Correctionoron Jun 21, 2020 12:21pm

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RE:RE:No Issuance Nor Approval of Water License

The email says it's in "draft" form. So the amendments to the Water License hasn't been approved nor issued. It's still in draft awaiting final decision. But it's close. It's expected to be done by quarter end. We shall see. It's been two years for this process.

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