Financing ·
RenX Enterprises Corp. disclosed that Norman Berry II Owner, LLC, a joint venture in which RenX holds a 50% interest…
RENXRenX Enterprises Corp.
RenX Enterprises Corp. disclosed that Norman Berry II Owner, LLC, a joint venture in which RenX holds a 50% interest, entered into a Purchase and Sale Agreement on August 17, 2026, to sell an approximately 7.7-acre property in East Point, Georgia, for $2.6 million. The transaction is contingent upon the purchaser securing state tax credit allocations and financing, with closing expected after March 2027. RenX anticipates receiving approximately $900,000 of its share of the proceeds to repay existing debt and fund core operations at its Myakka City facility. This company operates in the biomass recycling, logistics, and real estate sectors, focusing on engineered soils and organic recycling.