Welcome to our dedicated page for International La news (Ticker: ILAL), a resource for investors and traders seeking the latest updates and insights on International La stock.
International Land Alliance, Inc. (ILAL) delivers innovative residential land development solutions in Baja California, combining sustainable practices with prop-tech advancements. This news hub provides investors and stakeholders with essential updates on the company's strategic initiatives and market position.
Access real-time announcements including quarterly earnings, partnership developments, and sustainability milestones. Our curated collection ensures you stay informed about ILAL's land acquisition strategies, community projects, and regulatory compliance efforts.
Discover comprehensive coverage of:
• Financial disclosures and SEC filings
• Land development progress in Northern Mexico
• Eco-friendly construction initiatives
• Strategic alliances with technology partners
Bookmark this page for verified updates directly from corporate communications and trusted financial sources. For comprehensive analysis of ILAL's market performance, consult our quarterly reports section regularly.
International Land Alliance (ILAL) has acquired 20 beachfront acres adjacent to their Oasis Park Resort. This acquisition adds 36 residential homesites, with projected gross land sales of $2 million and potential construction revenues of $9 million. The deal was completed without any cash at closing; payments will be made as a percentage of sales. President Frank Ingrande highlighted the success of recent sales at Phase I and the strategic growth potential without depleting cash, incurring debt, or issuing equity. The company focuses on acquiring land in Northern Baja California, aiming for sustainable and socially responsible development.
International Land Alliance (ILAL) reported significant sales achievements for May 2024.
Highlights include home site sales at Rancho Costa Verde totaling $500,000, completed home sales of $580,000, $900,000 in new home construction contracts, and $400,000 in home site sales at Oasis Park Resort.
ILAL credits digital media marketing initiatives launched early in the year for driving sales growth. The recent acquisition of Rancho Costa Verde Development has facilitated home site sales to the public at Oasis Park Resort for the first time.
The company expects financial statements to more accurately reflect closed sales volumes due to changes in revenue recognition.
International Land Alliance, Inc. (OTCQB: ILAL) has established a real estate office in Monterrey, Mexico with Shawn Casias Real Estate Group to market real estate products in Baja California. This move aims to expand sales to Mexico, increase shareholder value, and leverage the experience of R-MAC Properties in the real estate market.
International Land Alliance (OTCQB:ILAL) has announced the execution of its first construction financing contract for a custom single-family home at its Rancho Costa Verde (RCV) development in Baja California. The company is raising $5 million to launch a new mortgage division through preferred stock issuance. Funds will mainly be used for financing loans related to their real estate offerings. RCV has successfully sold over 1,000 residential lots, constructed 55 homes, and has 38 more under construction, contributing to a backlog of demand for financing. The company anticipates generating over $200 million from construction services, with higher profit margins expected from ongoing home construction.
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