Project sales in excess of $100M
SAN DIEGO, CALIFORNIA, Oct. 06, 2025 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), ("ILAL" or the "Company"), a global real estate investment and development firm, today announced the execution of a binding purchase agreement and financing commitment to acquire 300 acres of land and structures located adjacent to the Company's Rancho Costa Verde development. This purchase is already subdivided into 7 parcels consisting of 300 residential homesites, 12 existing casitas and 2 completed homes. The total projected gross land sales is expected to exceed $12 million and construction revenues of over $90 million.
Rancho Costa Verde is a 1,100-acre, 1,200-lot master planned community in Baja California, located roughly eight kilometers north of the Company's Cabo Oasis Resort on the Sea of Cortez. To date, RCV has sold over 1,000 residential lots and built over 100 single-family homes, with 50 under construction. This is in addition to a completed boutique hotel and clubhouse. For more information about this green off-grid community, we invite you to visit: www.ranchocostaverde.com
Frank Ingrande, President of ILAL, commented: "With major housing shortages across California and a significant lack of affordability - coupled with our recent exhilaration of construction at our developments within both Rancho Costa Verde and Cabo Oasis developments, has created desirability of moving to our communities. Land acquisition is a now a high priority as we look to our future and enhancing shareholder value. We will start selling the beachfront homesites immediately, as we upgrade the completed casitas and homes, as well as adding homesites to our inventory."
The Company expects to close this transaction by the end of this month.
About International Land Alliance, Inc.
International Land Alliance, Inc. (OTCQB: ILAL) is a publicly traded real estate development company focused on acquiring desirable land and real estate assets in Northern Baja California and Southern California. With a mission to provide accessible housing solutions through innovative design and technology, ILAL builds environmentally friendly communities for vacation, retirement, and investment buyers.
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Investor Relations
info@ila.company
(877) 661-4811
www.ila.company
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.
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