Global Asset Management Group Expands Washington, D.C. Contracted Real Estate Acquisition Pipeline to Approximately $21.25 Million

Strategic acquisitions combine multifamily housing, commercial properties and redevelopment opportunities as GAMG advances its long-term real estate investment platform.

ROCKVILLE, Md., Nov. 10, 2026 /PRNewswire/ -- Global Asset Management Group, Inc. (OTCQB: GAMG) ("GAMG" or the "Company"), a diversified asset management and holding company, today announced the expansion of its Washington, D.C. contracted real estate acquisition pipeline, with proposed transactions representing approximately $21.25 million in aggregate contracted purchase prices. 

None of the proposed acquisitions described in this release has closed. Completion remains subject to financing, due diligence, required approvals and other applicable closing conditions. The agreements encompass multifamily residential and commercial properties across Washington, D.C. GAMG plans to evaluate renovations, leasing and other operational improvements to support rental income and long-term property performance.

The proposed acquisitions are expected to be held through one or more special-purpose entities within the Company's real estate platform. 

Proposed Washington Acquisitions

The proposed transactions comprise the following properties:

Cleveland Park portfolio — $7.25 million

• 2911 Newark St. NW (The Macklin): A 17-unit apartment building where GAMG plans to evaluate occupancy improvements and rental stabilization.
• 3400 Connecticut Ave. NW: An existing neighborhood commercial and retail property.
• 3412 Connecticut Ave. NW: A commercial property included in the Cleveland Park portfolio.

The Cleveland Park portfolio includes residential and commercial properties with existing rental income and potential operating improvements.

Based on preliminary internal underwriting and assumptions regarding occupancy, rental rates and operating expenses, management estimates that, if the contemplated operating improvements and stabilization are achieved, the portfolio could generate approximately $739,000 in annual net operating income after stabilization. For purposes of this estimate, property-level net operating income is calculated as estimated property revenues less estimated property operating expenses, before acquisition expenses, financing costs, depreciation, amortization, income taxes and corporate overhead. It is not a projection of GAMG's consolidated earnings, cash flow or shareholder return, and actual results may differ materially.

741-751 Longfellow St. NW — $8 million

GAMG entered into an agreement for a multifamily property at 741 Longfellow St. NW, also identified as 741-751 Longfellow St. NW in historical property materials.

Previous property assessments described a 41-unit building. GAMG plans to evaluate rehabilitation, building modernization and the feasibility of converting some units into larger family-oriented residences.

112 Wilmington Place SE — $6 million

GAMG entered into a purchase agreement for a property in Southeast Washington. The company plans to evaluate rehabilitation, building-system upgrades and potential changes to residential unit configurations.

The three proposed transactions have aggregate purchase prices of approximately $21.25 million.

Renovation and housing strategy

GAMG plans to evaluate improvements to existing properties that could support occupancy, functionality and rental income. Where feasible, potential work could include interior renovations, building-system upgrades and combining smaller apartments into four- or five-bedroom residences.

The company also plans to assess affordable housing opportunities, including potential participation in the Housing Choice Voucher Program. Any redevelopment would be subject to engineering reviews, financial feasibility, applicable tenant protections, permits and regulatory approvals.

Real estate investment platform

GAMG Real Estate Partners intends to acquire, improve and operate income-producing properties and evaluate refinancing opportunities when appropriate. The company expects to assess each property based on operating performance, financing conditions and potential long-term returns.

GAMG may draw on its operating businesses and internal capabilities for property management, construction coordination, marketing, technology and compliance, where appropriate.

"Our focus is on acquiring real assets with strong underlying fundamentals and opportunities to improve operating performance," said Richard Balles, CEO of Global Asset Management Group. "By combining disciplined acquisitions with strategic property improvements and long-term financing, we believe we can build a scalable portfolio that supports recurring income and sustainable shareholder value."

About Global Asset Management Group 

Global Asset Management Group, Inc. is a diversified asset management and holding company focused on acquiring, developing and managing operating businesses, real estate and other strategic assets. Through GAMG Real Estate Partners, GAMG Operating Companies and GAMG Capital Partners, the Company is building an integrated platform intended to combine real asset ownership, recurring operating income and strategic capital allocation. The Company seeks opportunities where disciplined acquisition, experienced management, operational improvement, and long-term ownership can contribute to sustainable enterprise value. For additional information, visit www.gamg.us and review the Company's public filings and disclosures. 

Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of applicable securities laws, including statements concerning the proposed acquisitions described herein, contemplated acquisition prices and financing, anticipated closings, renovations, redevelopment, lease-up and stabilization, estimated net operating income, future property performance, refinancing strategies, potential HUD or agency financing, recurring revenue and long-term asset value. 

Forward-looking statements reflect management's current expectations, estimates and assumptions and are subject to risks and uncertainties, including completion of due diligence, financing availability, lender approvals, acquisition closing conditions, corporate and related-party approvals, tenant performance, occupancy, leasing activity, rental rates, operating expenses, capital expenditures, interest rates, property values, appraisal results, HUD or agency requirements and general economic and real estate market conditions. 

Management's underwriting assumptions, including estimated net operating income and implied stabilized yields, are estimates only and do not represent guaranteed future results. Actual property revenues, expenses, occupancy and financing proceeds may differ materially from current estimates. 

There can be no assurance that any of the contemplated acquisitions, financing arrangements, stabilization plans or refinancing strategies will be completed or achieved on the anticipated terms, within the anticipated timeframe, or at all. 

Actual results may differ materially from those expressed or implied in these forward-looking statements. Additional risks are described in the Company's filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to update forward-looking statements except as required by law. 

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SOURCE Global Asset Management Group