SAN DIEGO, CALIFORNIA, July 28, 2022 (GLOBE NEWSWIRE) — International Land Alliance, Inc. (“ILA” or the “Company”), an international land investment and development firm, announced today that it has executed a Binding Letter of Intent to acquire the remaining 75% interest in Rancho Costa Verde Development, LLC (“RCV”) for $13,500,000 in a new series of the Company’s preferred stock. The Company successfully completed the acquisition of a 25% minority interest in early 2021.
RCV is a profitable developer of a 1,100-acre, 1,400-lot master planned community in Baja California, located roughly 8KM north of the Company’s, Oasis Park Resort. For more information, we invite you to visit: www.ranchocostaverde.com
Rancho Costa Verde Development (Video): https://youtu.be/gkrCHyubhg0
A definitive agreement is expected to be completed on or before August 15, 2022.
About International Land Alliance, Inc.:
International Land Alliance, Inc. 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
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International Land Alliance, Inc.
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