Cuentas Inc. entered into letter on intent to acquire 6% minority stake in 4280 Lakewood Road Manager, LLC from Core Development Holdings Corporation for $0.43 million on December 30, 2022. Cuentas Inc. entered into a Membership Interest Purchase Agreement to acquire 6% minority stake in 4280 Lakewood Road Manager, LLC from Core Development Holdings Corporation on February 2, 2023. Cuentas acquired 6% interest in 4280 Lakewood Road Manager, LLC in exchange for 295,282 shares of Common Stock, representing approximately 19.99% of the then outstanding shares of Common Stock. The closing (the "Closing") shall be February 3, 2023.

Cuentas Inc. completed the acquisition of a 6% minority stake in 4280 Lakewood Road Manager, LLC from Core Development Holdings Corporation on March 7, 2023. Cuentas took an equity stake in the Lakewood Village project, consisting of 96 apartments that are 2 and 3 bedrooms.