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Ideal Group of Companies (OTC: IDGR), through Hospitality Development Group, Inc., Acquires an 11.93-Acre Commercial NNN and Solar Asset in Norwich, CT
Ideal Group of Companies (OTC: IDGR), through Hospitality Development Group, Inc., Acquires an 11.93-Acre Commercial NNN and Solar Asset in Norwich, CT.
About this update from Ideal Group Of Companies Inc.
[{"type":"text","content":"\r\n\r\nANDERSON, SC and NORWICH, CT — April 20, 2026 — Ideal Group of Companies, Inc. (OTC: IDGR) (“IDGR” or the “Company”), an integrated holding company focused on real estate development, residential mortgage origination, and related financial services, today announced the acquisition of 40 Connecticut Avenue, Norwich, Connecticut, an 11.93-acre income-producing commercial property. The asset was acquired through Frama Realty Corp, now a wholly owned subsidiary of Hospitality Development Group, Inc. (“HDG”), a wholly owned subsidiary of IDGR. The acquisition was completed as part of IDGR’s previously announced multi-asset transaction with HDG and represents a meaningful addition to the Company’s commercial real estate portfolio.The property is anchored by a fully executed 10-year triple-net (NNN) commercial lease with Rushford Center, Inc., a subsidiary of Hartford HealthCare — one of Connecticut’s largest health systems. Rushford Center operates a mission-critical K–8 therapeutic day school program at the site. In addition to the credit-tenant lease, the asset includes an additional 4,500 square feet available for lease and approximately six acres with a commercially approved solar farm and cellular tower, subject to final application and approval — creating additional independent revenue streams.Strategic RationaleThe 40 Connecticut Avenue acquisition is consistent with IDGR's strategy of building a diversified, income-producing real estate platform supported by credit tenants, long-term lease structures, and value-add development. Management believes the asset offers a compelling combination of contracted cash flow and multi-stream upside that is uncommon in this asset size.• Signed, executed 10-year NNN lease with a Hartford HealthCare subsidiary already in place — rent is contracted and currently generating income.• Investment-grade tenant profile — Hartford HealthCare is one of Connecticut’s largest health systems, and Rushford Center operates a mission-critical behavioral health program at the property.• True triple-net structure — tenant pays all insurance, taxes, utilities, and maintenance, leaving contracted rent essentially as net income to the landlord.• ...