Welcome to our dedicated page for International La news (Ticker: ILAL), a resource for investors and traders seeking the latest updates and insights on International La stock.
International Land Alliance, Inc. (ILAL) delivers innovative residential land development solutions in Baja California, combining sustainable practices with prop-tech advancements. This news hub provides investors and stakeholders with essential updates on the company's strategic initiatives and market position.
Access real-time announcements including quarterly earnings, partnership developments, and sustainability milestones. Our curated collection ensures you stay informed about ILAL's land acquisition strategies, community projects, and regulatory compliance efforts.
Discover comprehensive coverage of:
• Financial disclosures and SEC filings
• Land development progress in Northern Mexico
• Eco-friendly construction initiatives
• Strategic alliances with technology partners
Bookmark this page for verified updates directly from corporate communications and trusted financial sources. For comprehensive analysis of ILAL's market performance, consult our quarterly reports section regularly.
International Land Alliance (OTCQB:ILAL) reported strong sales momentum from its RCV development, achieving approximately $300,000 from 10 new home site sales and over $600,000 from 3 new construction starts during its first sales tour of 2023.
Despite economic challenges, the firm emphasizes its position in the market, driven by increasing demand for affordable luxury housing and growing retirement demographics. Additionally, agent training initiatives aim to enhance the sales network at RCV, bolstering the company’s market presence.
International Land Alliance (OTCQB: ILAL) has acquired 100% of Rancho Costa Verde (RCV) for $13.5M, transitioning RCV to a wholly-owned subsidiary. The acquisition is expected to enhance profitability, with RCV's sales momentum recovering to pre-COVID levels, generating nearly $7M in revenue for 2022. Future sales opportunities include an estimated $6M from 200 lots and significant revenues from ongoing construction services. The company also plans to bolster its team and has initiated a mortgage division to provide financing for U.S. clients, addressing a key market need.
International Land Alliance (OTCQB: ILAL) announced the acquisition of a 75% interest in Rancho Costa Verde Development for $13.5 million, effective January 1, 2023. RCV, a master-planned community in Baja California, has sold over 1,000 residential lots and constructed 55 homes, with 34 more underway. In 2022, RCV generated approximately $2.2 million from lot sales and has contracts for an additional $4.5 million in home construction. Furthermore, RCV is expanding with a new parcel that could yield $6 million in lot sales and over $40 million in construction revenue.
International Land Alliance (OTCQB:ILAL) has announced the completion of Phase I of the Oasis Park Resort, a 497-acre master-planned community in Baja California, with potential gross sales exceeding $100M. Construction of 1,344 residential lots is underway, with 75 lots pre-sold. The firm expects to start home construction on pre-sold lots in Q1 2023 and aims for $30M in lot sales and $75M in construction revenue. Phase II will introduce a clubhouse and model homes, enhancing sales efforts.
International Land Alliance (OTCQB:ILAL) reported a strong close to 2022, achieving 10 new home site sales at its Rancho Costa Verde (RCV) development. This marks a return to pre-COVID sales levels, indicating robust demand. RCV, a master-planned community in Baja California, has sold over 1,000 lots, with 55 homes completed and 33 under construction. Looking ahead, the company anticipates a transformative 2023, with all projects actively selling and a significant acquisition pending for 75% of RCV Development.
International Land Alliance (OTCQB: ILAL) announced a new short-term vacation rental program at its Rancho Costa Verde (RCV) development, which aims to provide homeowners with additional revenue while capitalizing on existing demand. The program will utilize the hotel's established reservation system, with bookings starting January 2023. The RCV development has already sold over 1,000 lots and currently has 55 homes built and 32 under construction. The initiative complements the recent launch of a mortgage division, potentially accelerating performance.
International Land Alliance, Inc. (OTCQB: ILAL) will be featured on The RedChip Money Report on Bloomberg TV on November 12 at 7 p.m. ET. In this interview, President Frank Ingrande highlights the company's development projects in Northern Baja California and its new mortgage division initiative, targeting California's 40 million residents. This coverage aims to enhance visibility for ILAL among a potential investor audience, as Bloomberg TV reaches approximately 73 million households in the U.S.
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.
