International Land Alliance Announces Addition to Construction Division
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) ha ingaggiato un'azienda con sede a Las Vegas per gestire la sua nuova divisione edilizia. Questa divisione supervisionerà un potenziale fatturato edile di $275 milioni per i restanti 1.000 lotti residenziali a Rancho Costa Verde e $125 milioni per 500 lotti nel Oasis Park Resort.
Il principale della squadra di costruzione ha oltre 30 anni di esperienza ed è un proprietario di immobili a Rancho Costa Verde. Le loro responsabilità includono l'assegnazione dei lavori ai subappaltatori, la gestione dei progetti, il controllo qualità e la comunicazione con i proprietari.
Il presidente di ILAL, Frank Ingrande, ha dichiarato che diventare l'appaltatore generale permetterà all'azienda di incrementare il volume di costruzione delle abitazioni e aumentare i margini di profitto. In precedenza, ILAL indirizzava i clienti ai costruttori locali a Rancho Costa Verde.
International Land Alliance (OTCQB:ILAL) ha contratado a una empresa con sede en Las Vegas para gestionar su recién formada división de construcción. Esta división supervisará potenciales ingresos por construcción de $275 millones para los 1,000 sitios de viviendas restantes en Rancho Costa Verde y $125 millones para 500 sitios en Oasis Park Resort.
El principal del equipo de construcción tiene más de 30 años de experiencia y es propietario de una propiedad en Rancho Costa Verde. Sus responsabilidades incluyen la asignación de trabajos a subcontratistas, la gestión de proyectos, el control de calidad y la comunicación con los propietarios.
El presidente de ILAL, Frank Ingrande, declaró que convertirse en el contratista general permitirá a la empresa incrementar el volumen de construcción de viviendas y aumentar los márgenes de beneficio. Anteriormente, ILAL refería a clientes a constructores locales en Rancho Costa Verde.
International Land Alliance (OTCQB:ILAL)는 라스베가스에 본사를 둔 회사를 고용하여 새로 설립된 건설 부문을 관리하게 합니다. 이 부서는 Rancho Costa Verde의 나머지 1,000 주택 부지에서 $275 백만 및 Oasis Park Resort의 500 주택 부지에서 $125 백만의 잠재적 건설 수익을 감독할 것입니다.
건설팀의 주요 담당자는 30년 이상의 경력을 가지고 있으며 Rancho Costa Verde의 부동산 소유자입니다. 그들의 책임은 하청업체에 작업을 배정하고, 프로젝트를 관리하며, 품질 관리를 시행하고, 소유자와 소통하는 것입니다.
ILAL의 프랭크 인그란데 회장은 일반 계약자가 되는 것이 회사가 주택 건설량을 늘리고 이익 마진을 증가시킬 수 있게 해줄 것이라고 말했습니다. 이전에는 ILAL이 Rancho Costa Verde의 지역 건축업자에게 고객을 소개했습니다.
International Land Alliance (OTCQB:ILAL) a engagé une entreprise basée à Las Vegas pour gérer sa nouvelle division de construction. Cette division supervisera un chiffre d'affaires de construction potentiel de $275 millions pour les 1 000 terrains restants à Rancho Costa Verde et de $125 millions pour 500 terrains au Oasis Park Resort.
Le responsable de l'équipe de construction possède plus de 30 ans d'expérience et est propriétaire d'un bien à Rancho Costa Verde. Ses responsabilités incluent l'attribution des tâches aux sous-traitants, la gestion de projet, le contrôle qualité et la communication avec les propriétaires.
Le président d'ILAL, Frank Ingrande, a déclaré que devenir le contractant général permettra à l'entreprise de faire augmenter le volume de construction des maisons et d'améliorer les marges bénéficiaires. Auparavant, ILAL orientait ses clients vers des constructeurs locaux à Rancho Costa Verde.
International Land Alliance (OTCQB:ILAL) hat ein Unternehmen mit Sitz in Las Vegas beauftragt, seine neu gegründete Bauabteilung zu leiten. Diese Abteilung wird potenzielle Bauumsätze von $275 Millionen für die verbleibenden 1.000 Grundstücke in Rancho Costa Verde und $125 Millionen für 500 Grundstücke im Oasis Park Resort überwachen.
Der Leiter desBauteams hat über 30 Jahre Erfahrung und ist Eigentümer einer Immobilie in Rancho Costa Verde. Zu seinen Aufgaben gehören die Vergabe von Aufträgen an Subunternehmer, Projektmanagement, Qualitätskontrolle und die Kommunikation mit den Eigentümern.
Der Präsident von ILAL, Frank Ingrande, erklärte, dass die Übernahme der Rolle des Generalunternehmers dem Unternehmen ermöglichen wird, die Anzahl der Wohnungsbauten zu steigern und die Gewinnmargen zu erhöhen. Zuvor hatte ILAL Kunden an lokale Bauunternehmer in Rancho Costa Verde verwiesen.
- Potential construction revenue of $275 million for 1,000 homesites at Rancho Costa Verde
- Additional potential revenue of $125 million for 500 homesites at Oasis Park Resort
- Formation of in-house construction division to increase profit margins
- Engagement of experienced team to manage construction projects
- Expansion of business model from land development to include home construction
- None.
SAN DIEGO, CALIFORNIA, Oct. 08, 2024 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILAL” or the “Company”), an international land investment and development firm, today reported the engagement of a Las Vegas-based company to manage ILAL’s newly-formed construction division.
The Company has developed 1,200 homesites, sold over 1,000 homesites and built over 100 homes and a boutique hotel at its Rancho Costa Verde community. With an average construction budget per home of
As previously announced, the Company opened up sales at its Oasis Park Resort last quarter, located just 8KM south of Rancho Costa Verde in San Felipe, Baja California. The construction division will also manage the development of the 500 homesites at Oasis with total potential construction revenue of roughly
The principal of the team has over 30 years of experience in this area and is a property owner with a residence at Rancho Costa Verde. Primary directives include allocating jobs to subcontractors, construction project management, quality control and communication with owners.
Frank Ingrande, President of ILAL, commented: “To date, the Company has referred clients to qualified local builders at its Rancho Costa Verde development. Being the general contractor and having a construction division will now allow us to efficiently scale up home construction volume and increase profit margins.”
About International Land Alliance, Inc.:
International Land Alliance, Inc. (OTCQB: ILAL) is an international land investment and development firm based in San Diego, California. As its’ core mission, the Company has embraced technology for sustainable and socially responsible solutions, in addition to using proptech and construction tech advanced applications to meet these goals. The Company is focused on acquiring attractive raw land primarily in Northern Baja California, often within driving distance from Southern California. The Company serves its shareholders by devoting considerable time and resources to seeking out the finest sites available and obtaining the necessary development permits to build a compelling portfolio of properties, which provide a diversity of investment and living options. Please visit: www.ila.company.
Safe Harbor Statement
The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects,” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.
CONTACT:
Jason Sunstein, CFO
Jason@ila.company
FAQ
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