TPT Global Tech and Subsidiary TPT Strategic Announce Charlotte North Carolina Land Purchase and Intent to enter into JV Real Estate Development Partnership Agreement with Julisabar Holdings LLC

SAN DIEGO, CA / ACCESSWIRE / July 17, 2023 / TPT Global Tech Inc. (OTC PINK:TPTW) www.tptglobaltech.com and its controlled subsidiary TPT Strategic, Inc. (OTC PINK:INOQ), are pleased to announce the completion of a Real Estate Land Purchase and JV Real Estate Development Partnership Agreement with Julisabar Holdings LLC located in charlotte North Carolina .

Under this agreement, TPT Strategic, Inc. has acquired 1.2 acres of land located at 2912 Beatties Ford Road, Charlotte, NC, from Julisabar Holdings LLC. The purchase was made for a consideration of $1 million, which was paid in the form of TPTW Series E Preferred Series E stock with a stated price of $5.00 USD per share. The Series E Preferred Stock is convertible, carries a 6% interest rate and is subject to a 25% discount to market upon TPTW listing on a major USD stock exchange. TPTW's Series E Preferred Stock includes similar features as the company's SEC qualified Series D Preferred Stock which individuals may invest in.

The collaboration between TPT Strategic and Julisabar Holdings LLC marks the beginning of a joint venture with the intent of developing an 80-unit affordable housing and sustainable apartment complex on the acquired land. The intent of the project is to align with TPT Strategic, Inc.'s commitment to creating innovative and socially responsible real estate developments. A definitive Joint Venture Agreement to develop an 80-unit affordable housing apartment complex will be entered into by both parties.

"We are excited to partner with Julisabar Holdings LLC with the intent to bring this important affordable housing project to fruition," said Stephen J. Thomas III, CEO of TPT Global Tech. "By combining our expertise in technology and real estate development with Julisabar's local knowledge and relationships, we aim to create a transformative community that addresses the pressing need for affordable housing in Charlotte, NC."

The intent of a partnership is to leverage TPT Strategic, Inc.'s extensive experience in design, construction, and management of residential properties, alongside Julisabar's deep understanding of the local market and regulatory landscape. The 80-unit apartment complex is intended to incorporate sustainable features and amenities to enhance the quality of life for its residents while promoting environmental stewardship.