Mergers & Acquisitions ·
Zoned Properties completes $7.8M asset sale to insiders, redeems preferred stock
ZDPYZoned Properties, Inc.
Zoned Properties completed the sale of substantially all its business and assets to BPB Partners, LLC for a purchase price of $7,800,000 on October 30, 2026. The buyer, owned by Chairman and CEO Bryan McLaren, President Berekk Blackwell, and employee Patrick Moroney, assumed approximately $7,941,163 in indebtedness. Concurrently, the company redeemed all 2,000,000 outstanding shares of preferred stock for an aggregate cash payment of $2,000,000. Executives McLaren and Blackwell received severance payments totaling approximately $585,000 in cash and common stock upon the closing of the transaction. The company expects to distribute remaining net cash to stockholders via a special dividend before pursuing a reverse merger or other strategic transaction. Zoned Properties operates in the real estate investment and brokerage industry.