International Land Alliance Announces Sales Results at Rancho Costa Verde

Rhea-AI Summary

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.

Positive

• Sales reached nearly $500,000 in June 2021, indicating strong demand.
• 12 lots sold at Rancho Costa Verde in June 2021.
• Three new construction contracts were signed, averaging $200,000 each.
• Lower sales and marketing expenses compared to historical averages.

Negative

• None.

Rancho Costa Verde see best monthly sales since 2018

SAN DIEGO, CALIFORNIA, July 12, 2021 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILA” or the “Company”), an international land investment and development firm, announced lot sales for the month of June 2021 of almost $500,000 representing 12 lots at Rancho Costa Verde Development, LLC (“RCV”), in which ILA holds a 25% interest investment. In addition, there was 3 new construction contracts at average of $200,000 per home.

“The Company acquired a 25% interest in Rancho Costa Verde in May 2021 and saw substantially better than expected sales for the first full month of operations post-acquisition. What makes these results even more noteworthy is the sales and marketing expense for the month of June 2021 was significantly less than historical expenditures. Our goal is implement to similar sales and marketing strategies across the ILA portfolio properties in short order, said Frank Ingrande, President of ILA.”

Rancho Costa Verde is a 1,100 acre master planned second home, retirement home, and vacation home real estate community located on the east coast of Baja California, Mexico. It is just south of the small fishing village of San Felipe which is home to over 6,000 retired US citizens. Rancho Costa Verde is a self-sustained solar powered green community that takes advantage of the advances in solar and other green technology. The beachfront location, close proximity to the mountains, and natural topography at Rancho Costa Verde has created breathtaking 180-degree sea and mountain views from almost every home. Rancho Costa Verde offers 1/4-acre home sites starting as low as $22,500 and custom home construction from $82 per square foot.

For more information on RCV, please visit www.ranchocostaverde.com.

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 of 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 expectation and actual results may vary (perhaps materially) from certain of the results anticipated herein.

CONTACT:
Investor Relations:
Brooks Hamilton
MZ Group – MZ North America
(949) 546-6326
ILAL@mzgroup.us
www.mzgroup.us

FAQ

What are the recent sales figures for International Land Alliance (ILAL) in June 2021?

International Land Alliance reported nearly $500,000 in sales from 12 lots at Rancho Costa Verde in June 2021.

How many new construction contracts were signed by ILAL in June 2021?

ILAL signed 3 new construction contracts in June 2021, averaging $200,000 each.

What percentage of Rancho Costa Verde does International Land Alliance own?

International Land Alliance has a 25% ownership interest in Rancho Costa Verde.

When did International Land Alliance acquire its stake in Rancho Costa Verde?

International Land Alliance acquired its 25% interest in Rancho Costa Verde in May 2021.