ROI Land Investments Ltd. Announces Land Purchase Agreement to Acquire a 225 Acres (9,801,000 Square Feet) Parcel of Land in ...
12 Enero 2015 - 5:00AM
QUEBEC CITY, Quebec, January
12th, 2015 (GLOBE
NEWSWIRE) -- ROI Land Investments Ltd. (OTCQB: ROII) ("ROI" or the
"Company"), a diversified real estate land development investment
company announced today it entered into a Land Purchase Agreement
("Agreement") to acquire 225 acres (9,801,000 square feet) land
parcel located in the Town of Evans, which is adjacent to Greeley,
in the North-East part of Colorado, 60 miles (one hour) from it's
capital, Denver. Both towns represent a population of approximately
93,000 people in a market composed of the following
characteristics:
-
Low vacancy rates increase rents and driving
renters to buy a house
-
Current low interest rates make home ownership
more affordable
-
Food industry within the country is in expansion
thus far creating new jobs
Towns of Greely and
Evans:
Both towns located in Weld County, one of the largest in the
country that traditionally has attracted oil & gas companies
using fracking technology for drilling oil wells. Other
industries are also expanding in Weld County where property taxes
are very low, 0.75%. In the lasts 12 months,
appreciation of homes was 19% and inventory lasted 1 month. The
market value of Weld County agricultural products exceed $1.5
billion and is consistently ranked in the top ten in the country
for amount of agricultural products sold. Weld county ranks
third in the U.S. for value of livestock and 30% of jobs are
related to agriculture. The rest of the work force are in
small businesses, healthcare, education and government. The
energy industry is big in Weld County and still growing. More
oil and gas well permits have been approved here than in any other
county in Colorado. Weld County is greatly located with wide
open plains and perfect for wind-generated electricity
production.
In a recent report issued by Wells Fargo Securities LLC and
information obtained by the U.S. Department of Commerce indicated
that Economic growth in Colorado has out paced the nation for the
past two years. Strong population growth and a relatively
young population have fueled job growth in the state. Colorado's
population is the third fastest growing of any state since 2010,
rising a cumulative 6.1 percent. In addition, with a median age of
36.4 years, Colorado is the 12th youngest of all states. The
relatively young population has helped fuel urbanization, with the
population of the state's largest metro area, Denver, accounting
for more than its fair share of the state's population growth since
2010.
Weld County has seen the strongest
job growth of any county in the country over the past year, with
nonfarm payrolls rising 8.9 percent from June 2013 to June 2014,
which is the latest data available from the QCEW series. We fear
that the recent fall in energy prices may have negative effects on
the resources & mining sector, however, and June may be the
high-water mark for job growth in this sector. The state's sizable
alternative energy industry may also be in for a dry spell. Lower
energy prices make it more difficult for many alternative energy
projects to stand on their own, just as many tax incentives are
being scaled back. Fortunately, Colorado has an incredibly diverse
economy and should be able to weather these changes, even though
overall growth will likely slow. Source: U.S.
Department of Labor and Wells Fargo Securities, LLC, December
30th,
2014.
About Colorado State
Housing:
Strong population and employment growth, particularly in
high-paying jobs, has supported Colorado's housing market. Home
sales in Colorado were roughly flat from a year ago through the
third quarter, compared to the nation, where sales have declined
year over year. Single-family sales, however, declined 4.3 percent
year over year and sales of condos and townhomes increased 19.4
percent. This is not surprising, given the rapid growth of
Colorado's metro areas and the relatively young population. Young
people, particularly in urban environments, tend to live in
apartments rather than single-family homes. Home prices have
surpassed their prerecession levels in Colorado and now stand 11.2
percent above their prerecession peak. Conversely in the nation,
home prices remain 12.4 percent below their prerecession levels.
Although home price appreciation has moderated as of late, home
prices were still 8.6 percent higher than a year ago in October. In
the nation, however, home prices were only 6.1 percent higher.
Improving permits data points to continued strengthening in
construction activity in the future. It appears that the majority
of construction in the multifamily market is in the apartment
segment rather than condominiums.
Single-family construction remains
well off its pre-recession levels and historical norms. Stronger
population growth and improving household formations should drive
home sales higher in the coming year and give single-family
construction a much needed boost. The growing trend toward
urbanization and the state's relatively young population, however,
will likely continue to tilt demand toward rental housing and
apartments and continue to play a moderating influence on home
purchases. Source: U.S. Department of Commerce,
CoreLogic and Wells Fargo Securities, LLC, December 30th,
2014.
ROI proposes this new subdivision
on a nine year project in approximately 5 phases, for more than 760
dwelling units, offering a mix of products in order to reach all
the market: single family homes, town-homes, duplexes, triplexes,
condos, parks and a commercial and retail area. A school is
currently under construction immediately adjacent to this
property.
Philippe Germain, President
stated: "We are particularly excited about this project which
represents our initial break through into the Colorado, US market.
This 225 acre parcel meets our Company's business model, thus far
offering us additional opportunity to expand into the U.S. market"
We will keep abreast our shareholders as developments continue to
materialize.
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 development of the infrastructure and profiting
from the sale of the subdivided land units to known large regional
developers. www.roilandinvestments.com
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.
For more information please visit our website:
www.roilandinvestments.com
Philippe Germain, President
T: +1 (514) 667 9470
M: +1 (418) 264 7134
Email:pgermain@roilandinvestments.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ROI Land Investments LTD via Globenewswire
HUG#1885983
Wisdomtree Largecap Growth Fund (AMEX:ROI)
Gráfica de Acción Histórica
De Ago 2024 a Sep 2024
Wisdomtree Largecap Growth Fund (AMEX:ROI)
Gráfica de Acción Histórica
De Sep 2023 a Sep 2024