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International Land Alliance Issues Shareholder Letter
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International Land Alliance Establishes Sales and
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International Land Alliance Announces Sales Momentum at Portfolio Developments
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Acquisition of Minority Interest in
Rancho Costa Verde Development
OTCQB:ILAL
), (“ILA” or the “Company”), an international land investment and development firm, has appointed Frank Ingrande as President. Mr. Ingrande joins the Company from Rancho Costa Verde Development, LLC (“RCV”), a profitable developer of a 1,100-acre, 1,200-lot master planned community in Baja California. Concurrent with Mr. Ingrande’s appointment, the Company closed a 25% interest investment in RCV, which is located roughly 8 km north of ILA’s Oasis Park Resort, in a combination of cash and stock for a total of $4,000,000.
“I am pleased to announce the appointment of Frank to our senior management team,” said Roberto Valdes, Chairman & Chief Executive Officer of ILA. “His extensive experience in real estate sales and development in the northern Baja California region will prove to be invaluable as we execute on our operating strategy across our properties. Additionally, by closing on
International Land Alliance sees demand from first time home buyers at its Mexico properties
International Land Alliance, Inc (OTCQB:ILAL) Co-Founder and Vice President Jason Sunstein tells Proactive the San Diego, California-based group is seeing residential home demand from first time home buyers at its Mexico properties in Baja California.
Sunstein says first time home buyers are getting priced out of the Southern California market, where median home prices are moving to around $680,000, and buyers are now seeing the allure of a lower price point of around $189,000 in Mexico, 45 minutes south of the border.
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