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 (OTCQB:ILAL) announced plans to acquire a 75% stake in Rancho Costa Verde Development for $13.5 million, payable through a new series of preferred stock. This acquisition follows a previous 25% investment in 2021. RCV is a profitable 1,100-acre community in Baja California with over 1,000 lots sold and significant ongoing construction, projecting potential revenues of up to $46.5 million from new developments. The acquisition is expected to close by November 3, 2022.
International Land Alliance (ILAL) has announced a partnership with RedChip Companies to enhance its investor relations efforts. The management team believes RedChip's strong reputation and extensive experience will help widen ILAL's investor base and effectively communicate its growth story. RedChip specializes in investor relations and multimedia marketing for small-cap stocks, aiming to capitalize on favorable market dynamics for increased investor value. This strategic move is seen as a step to elevate the company's visibility in the investment community.
International Land Alliance (ILAL) recently reported strong sales at its Rancho Costa Verde development, achieving $400,000 in gross sales from 10 residential lot sales and $750,000 through six new contracts as of September 25, 2022. The company anticipates a 50% growth projection with the establishment of a new finance division, aimed to cater to U.S. buyers lacking traditional mortgage options. According to President Frank Ingrande, the company is capitalizing on current market conditions with promising sales and a significant backlog of demand.
International Land Alliance (OTCQB: ILAL) announced plans to raise $5 million through a Reg D 506(c) securities offering. The company aims to use the funds to streamline property sales and enhance shareholder value by financing real estate purchases in Mexico. President Frank Ingrande highlighted that this initiative seeks to ease financing for American buyers, addressing a long-standing barrier to property acquisition in the region. The offering price is set at $100 per share, open to accredited investors only.
International Land Alliance (OTCQB: ILAL) has announced an update on its acquisition of a 75% interest in Rancho Costa Verde Development (RCV) for $13.5 million, to be paid in preferred stock. Following a successful initial investment of 25% in early 2021, the Company is set to close the transaction by the end of September 2022. RCV, a profitable developer in Baja California, has sold over 1,000 lots, generating $2 million in sales in the first half of 2022 and expects future revenues of $46 million from new developments.
International Land Alliance, Inc. (OTCQB: ILAL) has commenced construction on two villas at the Plaza Bajamar community following a successful deposit collection of $5,000 per unit. The 'Merlot' villas, priced at $239,000 and $229,000, have initiated construction with a 20% down payment. This development is part of an 80-unit project within the Bajamar Ocean Front Golf Resort, featuring amenities like a pool and wellness center. The company aims to provide sustainable living options in Northern Baja California.
International Land Alliance (OTCQB: ILAL) announced the listing of its 20-acre event venue in the Emerald Grove development, acquired for $1.1M in 2019. The company previously sold a 20-acre parcel for $630,000 and is subdividing 40 acres into residential lots. Current median prices for 5-acre lots in the area are $250,000. CFO Jason Sunstein highlighted that leveraging the real estate market's record prices offers a non-dilutive funding source, bolstering core business operations and marketing in Baja California developments.
International Land Alliance (OTCQB: ILAL) announced its collaboration with ResortCom International, enhancing property management services for its developments. With over 1,000 owners at Rancho Costa Verde, the partnership aims to optimize customer service and revenue as ILA launches its fourth master-planned community, Oasis Park Resort, featuring 1,300 homesites. ResortCom's comprehensive software and services support ILA's focus on construction and marketing, facilitating scalable management across properties.
International Land Alliance (OTCQB: ILAL) has secured six sales contracts for residential lots at the Valle Divino community, following a successful Open House event. Located in Baja California, this eco-friendly development features vineyard properties and renewable energy solutions. Residential lots start at $45,000, with completed homes priced from $119,000 to $139,000. The company anticipates over $80 million in gross sales from all phases, targeting a total of 650 homes. The growth is seen as a strong indicator of demand for affordable luxury housing in the region.
International Land Alliance (OTCQB: ILAL) has announced the execution of a Binding Letter of Intent to acquire the remaining 75% interest in Rancho Costa Verde Development, LLC for $13.5 million through a new series of preferred stock. ILA previously acquired a 25% stake in RCV in early 2021. RCV is developing a 1,100-acre, 1,400-lot community in Baja California. The definitive agreement is expected by August 15, 2022, enhancing ILA's strategic focus on land investment in Northern Baja California.