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International Land Alliance, Inc. (ILAL) generates a steady flow of news as an international land investment and real estate development firm focused on Northern Baja California and Southern California. Its updates frequently center on master-planned communities such as Rancho Costa Verde on the Sea of Cortez, the Cabo Oasis beachfront development in San Felipe, and the Valle Divino vineyard community in Baja’s wine country.
News coverage for ILAL often highlights land acquisitions, project expansions, and sales milestones at these communities. Recent announcements have described the execution and closing of agreements to acquire hundreds of acres of land and structures adjacent to Rancho Costa Verde, including residential homesites, existing casitas or tiny homes, and completed houses. The company’s releases also discuss sales volumes at Rancho Costa Verde and Cabo Oasis, noting land sales and construction revenue associated with these projects.
Another recurring theme in ILAL news is the introduction and expansion of tiny home offerings. The company has announced Tesla-powered tiny homes and BOXABL-branded units as part of its Cabo Oasis and Rancho Costa Verde communities, emphasizing solar power, smart home integration, and off-grid capability. Updates also cover new rental phases at Cabo Oasis, including plans for rental homes intended to create recurring rental revenue and management fees.
On the corporate side, International Land Alliance issues news about financing facilities, such as an up to $50 million institutional financing arrangement, and agreements to provide real estate services that are expected to generate long-term revenue. The company also reports on audited financial statements, record revenues in recent fiscal periods, and its stated goal of pursuing an uplisting to the Nasdaq stock exchange. For investors and observers, ILAL news provides insight into the progress of its Baja California developments, its financing activities, and its sustainability-focused housing initiatives.
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.
International Land Alliance (OTCQB: ILAL) reported record results for Q1 2024, with quarterly sales reaching $5.1 million and a net income of $3.7 million, translating to $0.05 per diluted share. The company's total assets increased to $30.4 million, with current assets rising to $1.7 million. Total stockholders' equity also grew to $14.4 million. ILAL attributes its enhanced performance to strategic growth initiatives and operational efficiencies. The company plans to build on this momentum throughout 2024 and beyond.
International Land Alliance (OTCQB: ILAL) announced its 2023 year-end financial results, showcasing significant growth. The company's annual sales volume reached $7.1 million, marking a substantial increase. Total assets soared from $1.1 million in 2022 to $30 million in 2023, and current assets rose from $100,000 to $1.8 million. According to CEO Frank Ingrande, Q4 2023 sales volume alone surpassed all previous revenue combined. The company successfully consolidated operations at Rancho Costa Verde and transitioned to a new independent auditor. Despite inflationary and currency exchange challenges, ILAL achieved notable revenue growth and reinvested in its business. ILAL focuses on acquiring raw land in Northern Baja California, leveraging technology for sustainable and socially responsible development.
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.
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