Sachem Capital Corp. announced that it has acquired substantially all the business assets of Urbane New Haven, LLC. In connection with the acquisition, Eric O'Brien, one of the owners of Urbane, has been hired by Sachem as its new Senior Vice President, Asset Management.

Mr. O'Brien's primary responsibilities include construction management oversight and real estate development. The purchase price for the Urbane assets was 300,000 of Sachem's common shares. The transaction is closed on October 6, 2022.