Comstock Holding Companies Reports First Quarter 2019 Results

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WASHINGTON and RESTON, Va., May 15, 2019 (GLOBE NEWSWIRE) -- On May 15, 2019, Comstock Holding Companies, Inc., (NASDAQ: CHCI) (the “Company”), announced results for the three months ended March 31, 2019:

“I am pleased to report that we have successfully transitioned away from our homebuilding operating platform into a commercial development and asset management platform with scale and potential to consistently generate positive results” said Comstock’s Chairman and CEO, Christopher Clemente. “Results for the first quarter begin to demonstrate the benefits of the many changes implemented over the past year, including replacement of the initial anchor asset management agreement with a new agreement that we believe significantly enhances Comstock’s earnings potential. With a clean balance sheet, and a reshaped management team of experienced commercial development and asset management professionals, I am confident that our Company is well positioned to generate positive results as we advance development of our portfolio of transit-oriented and mixed use assets, while seeking to continue growing assets under management and expanding our real estate related service offerings”.

Comstock Holding Companies, Inc. is publicly traded on NASDAQ under the symbol CHCI. For more information, please visit .

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Source: Comstock Holding Companies, Inc.

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Globe Newswire: 22:10 GMT Wednesday 15th May 2019

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