International Land Alliance, Inc. (OTCQB:ILAL), (“ILA” or the
“Company”), an international land investment and development firm
utilizing proptech, today issued a letter to shareholders from
Roberto Valdes, Chairman & Chief Executive Officer of ILA.
Dear Shareholders,
Our mission at ILA is to build a compelling
portfolio of properties in Northern Baja California using proptech
(property technology) and construction tech advanced applications
for the creation of sustainable and socially responsible
communities. Over the last year we’ve made significant strides
toward achieving that mission with progress across our portfolio
that are positioning us for a strong year ahead.
Before I discuss 2021, I would like to give a
reminder of why ILA exists. At its core, the opportunity is simple.
More U.S. and Canadian expats live in Mexico than anyplace else in
the world, with more than 1 million residents. This trend is
expected to grow with 10,000 baby boomers in the U.S. reaching age
of 65 every day for the next 19 years, thanks to Baja’s vibrant
culture, affordable cost of living and excellent healthcare.
Combined with the unaffordability of homes in California and the
Southwest, the Northern Baja region of Mexico is attracting
increasing levels of attention where land prices are still
relatively low. ILA is focused on acquiring attractive raw land for
development in this region to sell desirable properties at
competitive prices with favorable financing options for individual
purchases and/or bulk purchases for all types of investors and
buyers.
According to a recent report by Savills
Research, real estate is the world’s largest and most important
asset class. All of the property in the world, including commercial
and residential property, is worth an estimated $228 trillion. The
residential property market is estimated at $168.5 trillion, or
three quarters of the global property market. North America holds
over a fifth of the world’s total residential asset value, despite
having just 7% of the world’s population. We believe this growing
trend bodes well for our real estate communities and our business
plan.
Whether used in residential, office or
commercial buildings, proptech uses rapidly advancing technology to
enhance the experience inside residential, office and commercial
buildings. According to the Center for Real Estate Technology &
Innovation's 2021 Real Estate Tech Venture Funding Report,
proptech’s rapid growth attracted a record-breaking amount of
venture capital in 2021, as private investment into the sector hit
$32 billion, which was a 28% increase from 2020. ILA is on the
cutting edge of proptech's disruption of the real estate market,
and we believe its utilization in our plans will put the Company
significantly ahead of our competition.
In 2021 ILA devoted considerable time and
resources to making progress against our development plan and
obtaining the necessary permits to build this compelling portfolio
of properties. Our emphasis at each property has been on consistent
excellence in development and design at our projects developed as
second home, resort or retirement destinations in a planned
community setting.
At Oasis Park Resort, a 500-acre eco-friendly,
off grid community, we recently restarted allowing prospective
homeowners and existing lot holders to tour the property again,
resulting in multiple sales closings and commitments for new home
construction. 75 of the 1,344 planned residential lots at Oasis
Park were pre-sold to initial stakeholders. Significant
construction progress for Phase I of the project has allowed us to
complete the two-mile access road and the community entrance
structure. ILA is currently in Phase II of construction, which
includes the waterfront clubhouse, casitas and model homes. We have
sold 3 home sites and received a down payment on the first new home
construction contract at Oasis Park Resort to build a 2BR/2BA
home.
At Valle Divino, our premier wine country
development, we have commenced construction on a model home, three
casitas and a clubhouse for wine tasting aside our recently
expanded two-acre vineyard. This development will also have
innovative microgrid solutions by our partner CleanSpark to power
our model home and amenities. Through December 31, 2021, we had
presold 13 home sites at Valle Divino.
Plaza Bajamar is located within the
internationally renowned Bajamar Ocean Front Hotel and Golf Resort.
Our partnership with CleanSpark (NASDAQ: CLSK) is a key
differentiator for our community with sustainable, advanced
solar-plus-storage power solutions. There we have completed a
2BR/2BA model home, an enhanced entrance and interior roads, as
well as site preparation for 4 new homes adjacent to the model home
at Plaza Bajamar. We are now moving to the next phase, which will
provide all units in the community with solar microgrid
installations supported by our software solutions.
Our Rancho Costa Verde property, which is
located 8km north of Oasis Park Resort, has experienced better than
expected sales since our acquisition of a 25% interest in the
development. At Rancho Costa Verde more than 900 residential lots
have been sold to date, 50 homes have been completed, over 20 homes
are under construction, and approximately 30 additional homes have
been planned for development. With an on-site boutique hotel and
restaurant, we are welcoming visitors to come visualize themselves
being a part of this self-sustained, solar-powered community. At
our last sales tour of the year, we had 100% occupancy at the
on-site hotel and had 10 home site sales and 2 home construction
sales, with an average lot sale of $25,000.
We enter 2022 in a strong position,
strengthening our balance sheet by successful raising $2 million,
which we are utilizing for construction, sales and marketing at
each of our development projects in Mexico. We have taken steps to
optimize sales and marketing expenses at all of our properties and
continued the development of our interactive website for visitors
to view home sites, condominiums, and villa options and allow
customization.
Looking ahead, we are highly focused on
leveraging the increasing number of visitors to the region to
showcase our properties and build sales momentum. We continue to
work actively toward our anticipated uplisting to a major U.S.
exchange in the first half of 2022, which we expect will attract
institutional ownership and additional research coverage. Together,
we remain focused on our goals and are looking forward to sharing
our accomplishments in the coming year as we strive to create value
for our homeowners, shareholders, and communities, and we thank all
of you for your dedication to our mission.
Sincerely,
Roberto ValdesChairman & Chief Executive Officer
About International Land Alliance, Inc.
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.
Safe Harbor Statement
The press release may include certain statements
that are not descriptions of historical facts but are forward
looking statements within the meaning of Section 27A of the
Securities Act of 1933 and Section21E of the Securities Exchange
Act of 1934. These forward-looking statements may include the
description of our plans and objectives for future operations,
assumptions underlying such plans and objectives, and other
forward-looking terminology such as "may," "expects," "believes,"
"anticipates," "intends," "projects,” or similar terms, variations
of such terms or the negative of such terms. There are a number of
risks and uncertainties that could cause actual results to differ
materially from the forward-looking statements made herein. Such
information is based upon various assumptions made by, and
expectations of, our management that were reasonable when made but
may prove to be incorrect. All of such assumptions are inherently
subject to significant economic and competitive uncertainties and
contingencies beyond our control and upon assumptions with respect
to the future business decisions which are subject to change.
Accordingly, there can be no assurance that actual results will
meet expectation and actual results may vary (perhaps materially)
from certain of the results anticipated herein.
Media Inquiries:
Gabe RodriguezEmail:
Erelationsgroup@gmail.comPhone: (623) 261-9046
Investor Relations:
Brooks HamiltonSenior Vice PresidentMZ Group –
MZ North America(949) 546-6326ILAL@mzgroup.uswww.mzgroup.us
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