International Land Alliance, Inc. (OTCQB:ILAL) announced today the execution of a binding purchase agreement and financing commitment to acquire a 300‑acre parcel of land and structures adjacent to its Rancho Costa Verde master‑planned community. The acquisition comprises seven subdivided parcels that include 300 residential homesites, 12 existing casitas, and two completed homes, with a projected gross land sales value of more than $12 million and construction revenues expected to exceed $90 million.
The deal expands Rancho Costa Verde’s footprint and adds a substantial inventory of ready‑to‑sell homesites, directly addressing the California housing shortage and positioning ILAL to accelerate sales momentum in a high‑demand market. By securing additional land adjacent to its flagship development, ILAL can streamline entitlement processes, reduce development lead times, and enhance the overall value proposition for its second‑home and retirement buyers.
The company expects to close the transaction by the end of the month, backed by a financing commitment that will support the acquisition and future construction activities. The immediate availability of the new parcels is anticipated to boost ILAL’s revenue pipeline and contribute to the company’s long-term growth strategy.
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