Core Insights - International Land Alliance, Inc. has executed a binding purchase agreement to acquire 300 acres of land adjacent to its Rancho Costa Verde development, with projected gross land sales exceeding $12 million and construction revenues over $90 million [1][2]. Group 1: Company Overview - International Land Alliance, Inc. is a publicly traded real estate development company focused on acquiring land and real estate assets in Northern Baja California and Southern California [3]. - The company aims to provide accessible housing solutions through innovative design and technology, building environmentally friendly communities for vacation, retirement, and investment buyers [3][4]. Group 2: Development Projects - Rancho Costa Verde is a master-planned community spanning 1,100 acres with 1,200 lots, located approximately eight kilometers north of the Cabo Oasis Resort [2]. - To date, Rancho Costa Verde has sold over 1,000 residential lots and constructed over 100 single-family homes, with an additional 50 homes currently under construction [2]. Group 3: Strategic Focus - The company emphasizes land acquisition as a high priority to enhance shareholder value, particularly in light of housing shortages and affordability issues in California [2]. - The company plans to start selling beachfront homesites immediately while upgrading existing casitas and homes, as well as adding new homesites to its inventory [2].