Forge Innovation Development Corp (OTC: FGNV) is a commercial and residential real estate development company that acquires land, develops properties, and manages retail and residential assets primarily in Southern California. Revenue comes from rental income collected from tenants at owned properties and, per the stated strategy, from the eventual sale of developed homes and commercial properties. The company holds a 51% interest in Legend International Investment, LP, which owns Mission Marketplace, a grocery-anchored shopping center at 6240 Mission Boulevard in Jurupa Valley, California, containing 48,722 square feet of gross leasable area on a 4.51-acre site. Total rent income from Legend LP was $668,339 for the year ended December 31, 2024, up from $393,474 for the year ended December 31, 2023. The company was incorporated in Nevada on January 15, 2016, originally as You-Go Enterprises, LLC, and renamed Forge Innovation Development Corp on November 3, 2016. Patrick Liang, age 41, serves as President, CEO, and CFO, a role he has held since 2016.

Revenue model

Rental income from tenants at owned commercial properties, primarily the Mission Marketplace shopping center in Jurupa Valley, California. The stated business strategy also includes sale of developed residential and commercial properties to third parties, though no sale revenue is evidenced in the filing excerpts.

Products and services

Ownership and management of Mission Marketplace, a grocery-anchored shopping center (48,722 sq ft gross leasable area) in Jurupa Valley, California. Property management services including lease negotiation, rent collection, maintenance, tenant relations, property inspections, and eviction coordination. Stated development pipeline targeting residential homes and commercial properties in Southern California.

Customers and end markets

Retail tenants at the Mission Marketplace grocery-anchored shopping center. End markets include neighborhood retail and grocery-anchored commercial real estate in Southern California.

Value-chain role

Property owner, developer, and operator. Acquires land and existing properties, develops or manages them, collects rental income, and targets sale of completed residential and commercial developments to end buyers.

Geographic exposure

Operations concentrated in Southern California, specifically Jurupa Valley, California (Mission Marketplace at 6240 Mission Boulevard). First land acquisition noted as 29 acres, location not fully specified in excerpts.

Source: SEC 10-K, filed 2025-04-15

Industry: Land Subdividers & Developers (No Cemeteries)