International Land Alliance Acquires New Land for Development
Project sales projected to exceed $100M
International Land Alliance, Inc. (OTCQB:ILAL), a prominent player in global real estate investment and development, has celebrated a significant milestone by acquiring 300 acres of prime land adjacent to its existing Rancho Costa Verde development. This strategic purchase is already subdivided into seven parcels, which include approximately 300 residential homesites, 12 existing Tiny Homes, and two completed homes, further propelling the company's growth trajectory.
The total anticipated gross land sales are projected to surpass $12 million, with construction revenues estimated to be over $90 million. This acquisition not only enhances the Rancho Costa Verde community, bringing its total size to an impressive 1,400 acres, but also introduces around 1,500 home sites for eager buyers.
Growth of the Rancho Costa Verde Community
Located in Baja California, Rancho Costa Verde is rapidly emerging as a master-planned community, situated about eight kilometers north of the Cabo Oasis Resort on the magnificent Sea of Cortez. To date, the development has successfully sold over 1,000 residential lots and constructed more than 100 single-family homes, with an additional 50 under construction. This growth is complemented by a completed boutique hotel and clubhouse, designed to enhance the lifestyle offerings for residents.
Innovative Tiny Home Offerings
In a move to cater to modern housing trends, Frank Ingrande, President of International Land Alliance, announced plans to initiate the Tiny Home offering at Rancho Costa Verde. He mentioned there is an interest list for nearly ten beachfront homesites, reflecting the rising demand for unique, compact living options. Furthermore, a dedicated area within the Tiny Home section will feature a planned Boxable mobile Tiny Home option, set to be available in the nearby Cabo Oasis community, expanding the appeal of this innovative development.
About International Land Alliance, Inc.
International Land Alliance, Inc. specializes in land investment and development, focusing on responsibly sourced real estate that embodies sustainable practices. Based in San Diego, the company is dedicated to combining technology with real estate to provide affordable housing solutions, utilizing advanced proptech and construction tech to pave the way for its mission. The firm actively seeks out attractive raw land opportunities in Northern Baja California, with the goal of not only enriching the California coastline but also enhancing property values for its investors.
Moreover, International Land Alliance places a strong emphasis on the environmentally friendly development of its communities aimed at vacation, retirement, and investment buyers. By obtaining the necessary development permits, ILAL ensures that each project aligns with its vision of creating thriving, diverse living options that cater to the needs of its residents.
Contact Information
For further media inquiries, please contact:
Investor Relations
Email: jason@ila.company
Phone: (877) 661-4811
Website: www.ila.company
Frequently Asked Questions
What is International Land Alliance?
International Land Alliance, Inc. is a real estate investment and development firm focused on sustainable and innovative housing solutions.
What areas does International Land Alliance focus on?
The company primarily targets attractive land in Northern Baja California and Southern California for development opportunities.
What is the significance of the recent acquisition?
The acquisition of 300 acres enhances the current Rancho Costa Verde project, allowing for expanded housing options and significant financial growth.
How many homes are under development in Rancho Costa Verde?
Currently, there are over 100 single-family homes built, with an additional 50 homes under construction within the community.
What innovative housing options is ILAL planning to offer?
ILAL is introducing Tiny Homes, including a planned Boxable mobile standard, catering to modern housing preferences and making home ownership more accessible.
