INTERNATIONAL LAND ALLIANCE, INC.
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Market Data: Yahoo Finance, Bloomberg, SEC
Report Link: Updated Research Report (Dated June 30, 2022)
Symbol: ILAL
Analyst: John Nobile
Taglich Rating: Speculative Buy
Price Target: $1.25
Time Horizon: 12 Months
Rating Established: November 3, 2021
Price When Established: $0.87
Most Recent Report: June 30, 2022
Price When Issued: $0.45
What’s New
International Land Alliance Announces Listing of Emerald Grove for $2.8 Million
On August 9, 2022, International Land Alliance, Inc. (OTC: ILAL) announced it has listed its 20-acre/8,000 square foot event venue at its Emerald Grove development in Southern California.
The company acquired the 80-acre Emerald Grove development in 2019 for $1.1 million. In 2021, ILAL recognized the sale of a vacant 20-acre parcel for $630,000 and is in the process of subdividing its remaining 40 acres into eight residential lots. Median prices for 5-acre lots in the surrounding area are currently $250,000.
With real estate prices hitting record levels in Southern California, ILAL decided to take advantage of the current climate and list this parcel. Creating a profitable exit opportunity and the additional income provides the company with an alternative and non-dilutive funding source to continue to drive its core business at its Baja California developments.
International Land Alliance Announces Engagement with ResortCom International
On August 4, 2022, International Land Alliance, Inc. (OTC: ILAL) announced it has engaged ResortCom International.
ILAL has been utilizing the management services of ResortCom at the Rancho Costa Verde development for several years, allowing the company to focus on construction, and sales and marketing while maximizing customer service for its owners. With ILAL’s 4th master-planned community coming online this year (1,300-homesite development Oasis Park Resort), it is imperative to have a scalable outsourced management solution across its portfolio of properties.
Created in 1985 to assist timeshare resorts and real estate developments in Mexico to better communicate with their international owners, ResortCom provides a full suite of cutting-edge software and client services, including innovative contact center solutions, club management, inventory management, reservations, owner amenity services, owner loan services, homeowner associations, merchant processing and collections.
International Land Alliance Announces Results of Open House at Valle Divino
On August 2, 2022, International Land Alliance, Inc. (OTC: ILAL) announced it entered into six sales contracts for residential lot sales at its Valle Divino community, following its first open house.
Residential lot prices at Valle Divino start at $45,000 and the completed 1BR/1BA solar-powered homes start at $119,000 with 2BR/2BA starting at $139,000. Phase 1 of the development includes 187 homes. At an average of $129,000 per completed home, this represents over $80 million in gross sales opportunity for all three phases (650 homesites).
The company expects to add its fourth master-planned development, Oasis Park Resort on the Sea of Cortez in San Felipe, in the next 60 days.
International Land Alliance Announces Binding Letter of Intent to Acquire Remaining 75% of Rancho Costa Verde
On July 28, 2022, International Land Alliance, Inc. (OTC: ILAL) announced that it has executed a binding letter of intent to acquire the remaining 75% interest in Rancho Costa Verde Development, LLC for $13.5 million in a new series of the company’s preferred stock. ILAL successfully completed the acquisition of a 25% minority interest in early 2021.
A definitive agreement is expected to be completed on or before August 15, 2022.
Company Description
International Land Alliance, Inc., headquartered in San Diego, California, is a residential land development company with target properties located primarily in the Baja California Northern region of Mexico and Southern California.