Zoned Properties creates its own brokerage team to expand its commercial real estate offerings

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SCOTTSDALE, AZ – () – Zoned Properties®, Inc. (The “Company”) (OTCQB: ZDPY), a leading real estate development company for emerging and highly regulated industries, including regulated cannabis, today announced the expansion of its executive team to oversee the firm’s operations. business brokerage division of Zoned Properties Brokerage.

Zoned Properties has appointed Patrick Moroney as Real Estate Director to further promote the company’s services to emerging markets. Moroni has extensive brokerage experience in the regulated cannabis sector, having successfully completed complex projects in several states, having previously held positions at Kidder-Mathews, Cushman & Wakefield and Colliers International. Moroni is well versed in regulatory compliance with regards to site identification, contract negotiation, and hemp site development. In addition, Moroni will maintain transactional client accounts at Zoned Properties Brokerage.

Zoned Properties added its own appointed broker, Joseph Lewis, to provide a complete real estate process for its clients in emerging industries. Lewis will oversee the brokerage arm of Zoned Properties and his team of regional real estate specialists. Prior to joining Zoned Properties, Lewis was the founder and CEO of The Real Estate Brokers in Tempe, Arizona. Throughout his career, Lewis has owned and managed a portfolio of commercial, industrial and residential properties, including historic retail properties, industrial developments, vacation rentals and other unique design developments. Lewis has a longstanding commitment to community participation and government service. Over an eight-year cycle of two terms, Lewis was elected a member of the Tempe City Council, where he contributed to urban development as Vice Mayor, Chairman of the Economic Development Committee, and Chairman of the Neighborhood Development Committee. …

This strategic talent acquisition will enable Zoned Properties to further identify, develop and meet specific needs for complex real estate projects from start to finish. Berekk Blackwell, newly appointed COO, will support the operational growth of the company’s brokerage, advisory, franchise and PropTech data services, which span the Zoned Properties wheelhouse. Chairman and CEO Brian McLaren will continue to lead the company’s mission to maximize acquisition and investment opportunities to add value to shareholders and stakeholders.

About Zoned Properties, Inc. (OTCQB: ZDPY):

Zoned Properties is a leading real estate development company for emerging and highly regulated industries, including regulated cannabis. The company is redefining its approach to commercial real estate investment through its comprehensive development services.

Zoned Properties, headquartered in Scottsdale, Arizona, has developed a full range of integrated development services to support its real estate development and investment model; PropTech’s consulting, brokerage, franchise and data services are all cross-pollinated within the model to add value to projects involving complex real estate projects. With national expertise and a team of experts dedicated to the emerging cannabis industry, Zoned Properties meets the specific needs of today’s market in highly regulated industries.

Zoned Properties is an accredited member of the Better Business Bureau, the US Green Building Council and Forbes Real Estate Council. Zoned Properties does not grow, collect, sell or distribute cannabis or any substances regulated by US law, such as the Controlled Substances Act of 1970, as amended (“CSA”). Zoned Properties is headquartered at 14269 N. 87th Street, Suite 205, Scottsdale, Arizona. For more information call 877-360-8839 or visit www.ZonedProperties.com

Twitter: @ZonedProperties

LinkedIn: @ZonedProperties

Safe Harbor Statement

This press release contains forward-looking statements. All statements other than statements of historical fact included in this press release are forward-looking statements. In some cases, forward-looking statements may be identified with words such as “believe,” “expect,” “expect,” “plan,” “potential,” “continue,” or similar expressions. Such forward-looking statements involve risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s filing with the Securities and Exchange Commission. Investors should not place undue reliance on forward-looking statements as they involve known and unknown uncertainties and other factors that, in some cases, are beyond the control of the Company, which can and are likely to materially affect actual results, levels of operations, performance or achievements. Any forward-looking statement reflects the Company’s current views on future events and is subject to these and other risks, uncertainties and assumptions related to operations, results of operations, growth strategy and liquidity. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason or to update the reasons why actual results could differ materially from those expected in these forward-looking statements, even if new information becomes available in the future.

COVID-19 Statement

In March 2020, the World Health Organization declared COVID-19 a global pandemic and recommended containment and mitigation measures around the world. We are following this closely, and while the COVID-19 outbreak has not significantly affected our operations to date, the ultimate duration and severity of the outbreak and its impact on the economic environment and our business remain uncertain. All properties in our portfolio are currently open to our major tenants and their clients and will remain open to meet state and local government requirements. In 2020, we did not experience and do not foresee in 2021 any significant changes in our operations in connection with COVID-19. Our tenants continue to generate income from these properties and they have continued to pay their lease payments in full and on time, and we believe that the tenants’ liquidity position is sufficient to meet the expected rental obligations. Accordingly, while we do not anticipate the impact on our operations, we cannot estimate the duration of the pandemic and the potential impact on our business if properties are closed or if tenants are otherwise unable or unwilling to make rent payments. In addition, a severe or prolonged economic downturn could lead to many risks to our business, including reduced demand for our properties and reduced ability to raise additional capital when needed, on acceptable terms, if possible. The Company is currently unable to assess the impact of this event on its operations.





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