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) has commenced construction of a model home, three casitas, and a clubhouse at Valle Divino, an eco-friendly community in Ensenada, Baja California. Initially breaking ground in July 2020, ILA has completed the first construction phase and is positioned to increase sales momentum due to lifted travel restrictions. The project, powered by CleanSpark's microgrid solutions, offers residential lots starting at $49,000 and solar-powered homes from $99,000. CEO Roberto Valdes highlights the community's appeal in the growing luxury housing market.
International Land Alliance (OTCQB:ILAL) announced its participation in the LD Micro Main Event investor conference on October 12-14, 2021, which will be held both virtually and in-person in Los Angeles, California. President Frank Ingrande will present on October 12 at 5:30 PM ET (2:30 PM PT) in Track 4 and will engage in one-on-one investor meetings. A live audio webcast of the presentation will be available at the provided link. The company focuses on sustainable land investment and development, primarily in Northern Baja California.
International Land Alliance (OTCQB:ILAL) announced the opening of its Oasis Park Resort for tours, following significant construction progress on Phase I. The project features a two-mile access road and the start of Phase II construction. The company reported three new lot sales and continued momentum with home construction commitments. The Oasis Park Resort spans 497 acres with plans for 1,344 residential lots starting at $49,000, and is designed as a sustainable community. The firm anticipates increased lot sales and home construction in the near future.
International Land Alliance (OTCQB:ILAL) provided a corporate update highlighting key initiatives and progress in their property portfolio. Notable developments include the appointment of Frank Ingrande as President, the execution of residential sales agreements at Valle Divino, and a partnership with CleanSpark for solar microgrid installations. The company resumed construction at Oasis Park Resort, anticipating over $60 million in gross lot sales. Additionally, ILA closed a $2 million private placement to strengthen its balance sheet and paid off a $500,000 bridge loan, positioning itself for future growth.
International Land Alliance (OTCQB:ILAL) announced the upcoming construction of a model home, three casitas, and a clubhouse at its Valle Divino eco-friendly development in Ensenada, Baja California. The project utilizes CleanSpark’s sustainable microgrid power solutions and is set to begin in Q4 2021. The development, part of a larger community overlooking the Bajamar Ocean Front Hotel and Golf Resort, includes a vineyard expansion to 2 acres. Residential home prices start at $99,000 for solar-powered models. The initiative aims to attract interest with sustainable living options.
International Land Alliance (OTCQB:ILAL) will participate in two virtual conferences: the Q3 Investor Summit on August 17, 2021, at 3:30 PM ET, and the SNN Network Summer Conference on August 19, 2021, at 1:30 PM ET. ILA's management will meet with investors and host presentations during these events.
Webcasts for both conferences will be available, allowing investors to follow the discussions and insights shared by the management. ILA focuses on sustainable land investment and development, mainly in Northern Baja California.
International Land Alliance, Inc. (OTCQB: ILAL) has successfully closed a private placement, selling 3,000,000 shares at $0.68 each to an institutional investor, generating approximately $2.0 million in gross proceeds. Alongside the shares, the investor received warrants for an additional 3,000,000 shares at the same price, which will expire in 5.5 years. The funds will be allocated towards construction, sales, marketing, and debt retirement. The company plans to file a resale registration statement within 30 days.
International Land Alliance (OTCQB: ILAL) announced a definitive agreement for a private placement of 3 million shares at $0.68 per share. The offering is expected to generate approximately $2 million before expenses. Additionally, warrants for 3 million shares at the same price will be issued. Proceeds will support sales and marketing efforts, particularly at the Oasis Park Resort, aiming for over $60 million in gross lot sales. The closing is anticipated on or about July 29, 2021.
International Land Alliance (OTCQB:ILAL) issued a letter from President Frank Ingrande detailing its progress in real estate development. The company has sold 900 homesites in Rancho Costa Verde and constructed 47 homes, with growth in buying demand despite reduced marketing expenses. Key projects include Plaza Bajamar with a $16 million sales opportunity and Valle Divino worth $60 million. Oasis Park Resort shows $60 million in potential from lot sales. ILA maintains a clean balance sheet with assets valued at $27.5 million against a cost of $4.2 million and insider ownership of over 45%.
International Land Alliance, Inc. (OTCQB:ILAL) reported nearly $500,000 in lot sales for June 2021 at Rancho Costa Verde, marking the best monthly sales since 2018. This included 12 lots sold and 3 new construction contracts averaging $200,000 per home. Following a 25% acquisition in May 2021, the company experienced significantly lower sales and marketing expenses compared to historical figures. Rancho Costa Verde is a 1,100-acre eco-friendly community in Baja California, emphasizing solar power and stunning views.