Emerging Data Shows Brownsville, Texas Supports Case for Ideal Group’s New Development

Ideal Group of Companies, Inc. (“Ideal Group” or the “Company”) (OTC: IDGR) is seeing increasing data that supports its newly planned real estate development project located in Brownsville, Texas.

The city of Brownsville, Texas, and the surrounding region are experiencing significant industrial growth, particularly in the liquefied natural gas (LNG) and aerospace industries, driving demand for new, quality housing. Both of these events have significantly impacted the local economy.

The development of SpaceX’s Starbase and LNG facilities near Brownsville has significant implications for home sales and rental prices. According to Rocket Homes, As of December 2024, the median home sold price in Brownsville was approximately $235,088, reflecting a 4% increase from the previous year. The median price per square foot stood at $149, indicating a rise in property values. 

While specific recent data on rental prices is limited, the influx of workers and increased demand for housing have likely led to higher rental rates. Earlier reports indicated that home prices in Brownsville had risen by 60% during the pandemic, suggesting a similar upward trend in rental costs. 

The Rio Grande LNG project, led by NextDecade, represents a substantial investment in the local economy and infrastructure. It is expected to create approximately 5,000 new jobs during its construction phase, providing significant employment opportunities for residents. The project’s first and most significant phase is anticipated to cost around $18.4 billion, underscoring its economic significance.

Company Real Estate Division President Robert Egeland stated, “The data we are receiving regarding the LNG facilities and SpaceX’s operations is lending ever stronger support to our strategy of launching early development in the area in 2025, beginning with our Phase One, 10-acre parcel project. Our project is designed to include a mixture of duplexes and townhouses with three-bedroom and four-bedroom options –perfectly suited to the influx of new residents.”

“The combined presence of SpaceX and the LNG projects is transforming Brownsville into a burgeoning economic hub,” states the Ideal Group of Companies CEO Charles Cardona. “This transformation is leading to increased wages, industrial revitalization, and significant urban development projects, including downtown revitalization efforts. This is an ideal situation for our Company to use as a launch pad for our growth.”

Analysts are also supporting models that show consistent year-over-year growth in home sale prices, with the pace depending on the balance between demand and new housing developments. They believe Brownsville is likely to see even faster growth in rental rates, particularly for properties near the industrial sites and downtown areas, similar to where Ideal Group’s planned development is located.

About Ideal Group of Companies Inc. 

Ideal Group of Companies Inc. (idealgroupcorp.com) is a diversified real estate and financing company. Its real estate development division under the brand Eclipse Real Estate Development is engaged in acquiring, developing, and operating multifamily, mixed-use, commercial, and residential real estate, vacation rentals, RV resorts, and housing development projects. Its mortgage brokerage division under Oxygen Mortgage Inc. provides consumer mortgage services and, through Oxygen Commercial, provides financing for commercial projects. For more information, visit idealgroupcorp.com. 

Contacts: 

Ideal Group of Companies Inc. 

Tel. +1-864-614-6494 

Charles Cardona, CEO 

ccardona@idealgroupcorp.com 

DISCLAIMER and FORWARD-LOOKING STATEMENTS 

Certain statements contained herein are “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the Company’s business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company’s products; the Company’s ability to protect its proprietary information; general economic and business conditions; and the volatility of the Company’s operating results and financial condition. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates, and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct. Investors are cautioned that actual results may differ materially from the anticipated results.