Mango Capital has closed on a cash sale of 26 properties in Horseshoe Bay, a community located in the heart of the Texas Hill Country near Austin. The company only recently acquired the land in June of this year through a purchase of MCAP shares. Mango Capital Inc. is a real estate holding company specializing in acquiring undervalued American land and complimentary operating businesses in promising markets. The firm utilizes company shares as currency with the intention to opportunistically sell properties for cash and/or notes.
“Again we continue to execute on our aggressive growth strategy. We announced the acquisition of these properties only a month ago and already we were able to generate cash flow from them,” stated Mango President Rick Makoujy.
