Ideal Group Going Signs Deal for Brownsville, Texas Development Property

Ideal Group of Companies, Inc. ("Ideal Group" or the "Company") (OTC: IDGR) has signed an agreement for the sale of a real estate development property located in Brownsville, Texas.

The agreement provides for Ideal Group of Companies to purchase a joint interest in the 10-acre parcel from Lashbrook Growth Fund LLC. (“Lashbrook”) for $1.5 million. Lashbrook has agreed to joint ownership of the property under the formation of a new company at the closing of the sale.

The city of Brownsville, Texas, and surrounding regions are experiencing significant industrial growth, particularly in the liquefied natural gas (LNG) sector and aerospace industry, which is driving demand for new, quality housing.

In the LNG sector, NextDecade Corporation has made a positive final investment decision to construct the first three liquefaction trains at the Rio Grande LNG terminal in the Port of Brownsville. This facility is set to become the largest LNG export facility in the U.S., with a production capacity of 27 million tonnes per annum (MTPA) at full capacity.

At the same time, Texas LNG, a subsidiary of Glenfarne Energy Transition, LLC, is developing a 4 MTPA LNG export terminal at the Port of Brownsville. The project has concluded the required permitting and is advancing toward a final investment decision.

On the aerospace front, SpaceX continues to advance its Starship program at the Starbase facility near Brownsville. Recent test flights have demonstrated significant progress, with the fifth test flight on October 13, 2024, successfully launching the Starship rocket and featuring a mid-air catch of the first-stage Super Heavy booster.

In July 2024, Elon Musk announced the relocation of SpaceX’s headquarters from Hawthorne, California, to Starbase in Brownsville, Texas, citing legislative changes in California as a contributing factor.

Company Real Estate Division President Robert Egeland stated, "The expansion of the LNG facilities and SpaceX’s operations is attracting a substantial influx of high-skilled professionals to Brownsville. This surge in population is escalating the demand for quality housing, leading to annual rental rate increases of 19-24%.”

“Our 10-acre rental development in Brownsville is being strategically positioned to meet this growing demand. We plan to offer a mixture of duplexes and townhouses with three-bedroom and four-bedroom options. This is designed to appeal to corporate housing, travel nurse housing, and LNG employee housing for both families and individuals looking to rent.”

“By offering modern amenities such as a fitness center, ample green spaces, dog runs and plenty of green space, small private backyards of some units, pickleball courts, workout facilities, childcare space, and a community pool with poolside restaurant, the development aims to attract residents seeking comfort and convenience," Egeland added. 

Ideal Group has agreed to work with appropriate authorities to gain approvals to develop the property for the exclusive use of multi-family residential development. Upon gaining the

approvals as satisfactory to Ideal Group, closing is slated to occur within 30 days unless extended by mutual agreement. Any existing liens and encumbrances must be paid by the Lashbrook Growth Fund, at or prior to closing.

At closing, Lashbrook Growth Fund, LLC will be granted 2 million non-dilutive shares of common stock of Ideal Group of Companies, Inc.

"This third development project will kick off our presence in the Texas region and extend our projects," states Charles Cardona, the CEO of the Ideal Group of Companies. "Leveraging Brownsville’s transformation into a Gulf Coast industrial and aerospace hub, this development represents a prime opportunity in a rapidly expanding market. The combination of new construction and desirable amenities positions the project to command premium rents, creating the potential for high occupancy rates and desirable returns on investment."

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. +1-833-433-2599 Ext. 2 

Charles Cardona, CEO 

ccardona@idealgroupcorp.com 

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