ROI Land Investments Completes First Land Acquisition in the United States
(Thomson Reuters ONE) -
Company to Develop 220 Acres (9,583,200 Sq.Ft) of Land into Residential Housing
in Fast-Growing Northeastern Colorado
Montreal, Canada, June 17th, 2015 (GLOBE NEWSWIRE) -- ROI Land Investments Ltd.
(OTCQB: ROII) ("ROI" or the "Company"), a diversified real estate land
development investment company, announced today that it has made its first U.S.
investment, completing the initial acquisition of 220 acres equivalent to
9,583,200 sq.ft of land and 763 water rights in Evans, Colo., pursuant to its
previously announced Land Purchase Agreement on January 12, 2015. ROI intends to
develop residential housing on the property, which it acquired for $6.7 million.
"The development opportunity in Evans is consistent with ROI's strategy to
target markets that have a strong economic outlook and a shortage of high-
quality, affordable housing," said Philippe Germain, President of ROI.
"Northeastern Colorado boasts a diverse economy, which has benefitted from
strong job growth. This, combined with low property taxes, has driven an
increase in housing prices in the area. By taking advantage of the opportunity
to acquire land at a price below its appraised value, we expect to generate a
significant return for shareholders, while delivering sought after quality
housing."
Beginning in 2016, ROI intends to develop 1,200 lots in approximately four
phases. The project may extend over a 9 year period and will feature a mix of
housing units, including single family homes, town homes, duplexes, triplexes
and condos. The Company also plans to build a park as well as commercial and
retail areas. A new middle school will open this summer adjacent to the
property, which is expected to further fuel demand for quality housing.
Marc Andre Levesque, COO of ROI, added, "The opportunity to develop land in
Evans offers a compelling value, with the acquisition of water rights adding to
the project's potential return on investment. ROI is poised to create a vibrant
new community in this fast growing market as we seek to develop lots for quality
housing, which we shall be offering to local builders.
Evans is approximately 60 miles north of Denver in Weld County, which has a
population of over 250,000. According to the Department of Labor, Weld County
has seen the strongest job growth of any county in the U.S., with nonfarm
payrolls rising 8.9 percent from June 2013 to June 2014, the last period for
which data is available. Evans and Greeley, the town next to it, have become
increasingly desirable areas to buy a home because of the robust labor market
and low vacancy rates, which are pushing up average rents and low interest
rates.
About ROI Land Investments Ltd.:
ROI Land Investments, Ltd. ("ROI") is a diversified real estate investment
company specializing in land development. ROI's business model consists of
acquiring attractive land developments free of zoning restrictions, obtaining
the necessary development permits, outsourcing the construction of the
infrastructure and profiting from the sale of the subdivided land units to known
large regional builders.
SAFE HARBOR AND INFORMATIONAL STATEMENT
This press release may contain forward-looking information within the meaning of
Section 21E of the Security Exchange Act of 1934, as amended (the Exchange Act),
including all statements that are not statement of historical fact regarding the
intent, belief or current expectations of the company, its directors or its
officers with respect to, among other things: (i) the company's financing plans;
(ii) trends affecting the company's financial conditions or results of
operations; (iii): the company's growth strategy and operating strategy; and
(iv) the declaration and payment of dividends. The words "may", "would", "will",
"expect", "estimate", "anticipate", "believe", "intend", and similar expressions
and variations thereof are intended to identify forward-looking statements.
Investors are cautioned that any such forward-looking statements are not a
guarantee of future of future performance and involve risks and uncertainties,
many of which are beyond the company's ability to control, and that actual
results may differ materially from those projected in the forward-looking
statements, as a result of various factors including the risk disclosed in the
company's statements and reports filed with the OTC Markets. The Company claims
the safe harbor provided by Section 21E(c) of the Exchange Act for all forward-
looking statements. Persons who are interested may see the latest company
filings at
For more information, please visit our website:
http://www.roilandinvestments.com
Investor Contacts:
KCSA Strategic Communications
Jeffrey Goldberger / Brad Nelson
212-896-1249 / 212-896-1217
roi(at)kcsa.com
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ROI Land Investments LTD via GlobeNewswire
[HUG#1929039]
Unternehmensinformation / Kurzprofil:
Datum: 17.06.2015 - 14:00 Uhr
Sprache: Deutsch
News-ID 401187
Anzahl Zeichen: 6048
contact information:
Town:
Québec
Kategorie:
Business News
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"ROI Land Investments Completes First Land Acquisition in the United States"
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