International Land Alliance, Inc. develops and invests in land and real estate projects, with a focus on raw land, residential homesites, and planned communities in Northern Baja California and Southern California. Company news commonly covers sales and construction activity at Rancho Costa Verde, Cabo Oasis Resort, and Oasis Park, as well as land acquisitions, permitting, proptech and construction-tech initiatives, and financing arrangements.
Recent updates also document capital-market actions such as the company's 50-for-1 reverse stock split, strategic-advisory engagements, and efforts to support growth across its property portfolio.
International Land Alliance (OTC PINK:ILAL) has announced a new rental phase at its Cabo Oasis development, planning to offer 100 rental homes within the next 45 days. The company reported strong weekend sales with 8 new homesite contracts, including 4 in Cabo Oasis Phase II and 4 at Rancho Costa Verde.
ILAL has previously sold 23 beachfront lots at an average price of $80,000 each and has 5 new homes in the contract stage, with total construction revenue projected at $1.3M. The Cabo Oasis development features 500 homesites with a potential of $15M in gross lot sales and $125M in construction revenue. The company has expanded its marketing efforts with new offices in Las Vegas and Northern California.
International Land Alliance reports significant progress at its Oasis Park Resort development in Baja California, with five new beachfront homes entering the contract stage, representing over $1.3M in construction revenue. The master-planned community, launched in Q3 2024, features 500 homesites with a potential of $15M in gross lot sales and $125M in construction revenue.
Located just 8 kilometers south of Rancho Costa Verde in San Felipe, the project follows the successful model of their previous development where they sold over 1,000 homesites and built more than 100 homes. The company also plans to break ground on the Cabo Oasis Resort and Spa, a 72-room beachfront condotel that will serve as amenities for property owners at both developments.
The San Diego-based company focuses on acquiring raw land in Northern Baja California, implementing sustainable solutions and advanced construction technology to create diverse investment and living options.
International Land Alliance (OTCQB:ILAL) has achieved profitability for the first time in 2024, reporting record unaudited revenues. The company's net revenue exceeded $3 million for the year, with total annual revenues surpassing $8 million.
Key highlights include:
- Rancho Costa Verde contributed over $3.7 million in top-line revenue, securing 10 contracts for new luxury homes and delivering two new houses
- Oasis Park Resort, in its first year of property offerings, recorded 23 lot sales and two new construction contracts
- The company has signed an engagement letter with R.F. Lafferty & Co. for an uplisting transaction
ILAL, the only public U.S.-based residential sales and construction company operating in Mexico, currently manages four master-planned communities in Baja and one in southern California. The company achieved these results despite challenging domestic real estate market conditions, including 20-year high interest rates and low housing supply.
International Land Alliance (OTCQB:ILAL) reported strong Q3 2024 financial results, with revenues reaching $1.3 million, up from $0.4 million in Q3 2023. Nine-month revenues surged to $7.1 million, compared to $1.1 million in 2023. The company achieved operational profitability, with income from operations of $0.3 million in Q3 and $4.5 million for the nine months. Operating cash flow improved significantly, providing $0.7 million in the first nine months of 2024 versus using $1.1 million in 2023. The company also announced the promotion of Lyzzette Patricia Liceaga Vega to Director of Mexico Business Operations.
International Land Alliance (OTCQB:ILAL) has announced the first construction contract at its Oasis Park Resort in San Felipe, Baja California. The resort, opened for sales last quarter, features 500 homesites with a gross lot sales potential of over $15,000,000 and a gross potential construction revenue of over $125,000,000.
ILAL's President, Frank Ingrande, highlighted this milestone as being a full quarter ahead of their internal schedule. The company plans to simultaneously break ground on a 72-room condotel at Oasis Park Resort, branded as "Cabo Oasis Resort and Spa". This development will serve as amenities for property owners at both Oasis Park and Rancho Costa Verde.
The company's strategy builds on its success at Rancho Costa Verde, where it developed 1,200 homesites, sold over 1,000, and built over 100 homes and a boutique hotel. The remaining 1,000 homesites at Rancho Costa Verde represent a potential construction revenue of $275,000,000.
International Land Alliance (OTCQB:ILAL) has engaged a Las Vegas-based company to manage its newly-formed construction division. This division will oversee potential construction revenue of $275 million for the remaining 1,000 homesites at Rancho Costa Verde and $125 million for 500 homesites at Oasis Park Resort.
The construction team's principal has over 30 years of experience and is a property owner at Rancho Costa Verde. Their responsibilities include allocating jobs to subcontractors, project management, quality control, and owner communication.
ILAL President Frank Ingrande stated that becoming the general contractor will allow the company to scale up home construction volume and increase profit margins. Previously, ILAL referred clients to local builders at Rancho Costa Verde.
International Land Alliance (OTCQB:ILAL) reported $625,000 in sales from its first fall 2024 sales event at Rancho Costa Verde and Oasis Park. This includes seven homesite sales and one new home construction contract. ILAL's President, Frank Ingrande, views this as a positive indicator for the traditionally strong fall season. He highlighted improving advertising effectiveness, progress in sales from newly released Oasis inventory, and established revenue channels at Rancho Costa Verde.
Ingrande expressed optimism about the company's momentum, stating that the team is 'delivering at a rapid clip' with much to look forward to. ILAL, based in San Diego, focuses on acquiring raw land in Northern Baja California, developing properties that offer diverse investment and living options.
International Land Alliance (OTCQB:ILAL) reported its Q2 2024 unaudited results, showing significant improvements:
- Quarterly sales volume increased to $740,000 from $485,000 in Q2 2023
- Net loss reduced to $20,000 from $440,000 in Q2 2023
- Sales for the first six months of 2024 reached $5,830,000 with a net income of $3,630,000
- Total assets grew to $30.6 million
- Total stockholders' equity rose to $14.9 million
CEO Frank Ingrande emphasized the company's focus on thoughtful growth and selective resource deployment into high-quality opportunities. ILAL, based in San Diego, specializes in acquiring raw land in Northern Baja California, leveraging technology for sustainable and socially responsible development solutions.
International Land Alliance (OTCQB:ILAL) has announced the approval of plans and final site location for its 72-room condotel, branded as 'Cabo Oasis Resort and Spa', at Oasis Park Resort. The condotel will be built on the beach fronting a natural lagoon in several phases, serving as amenities for property owners at Oasis Park and Rancho Costa Verde.
The Sante Fe style design will be a scaled-up version of the existing boutique hotel at Rancho Costa Verde. The project aims to provide recurring revenue through management fees, in addition to land sales and construction. ILAL's CEO, Frank Ingrande, believes this resort will be a catalyst for attracting additional airline carriers to bring commercial flights to the nearby San Felipe International Airport.