Autris Completes Substantial Land Purchase to Create the Newest Veritas Village Community in Costa Rica with an Appraised Value of $34.29 Million
MWN-AI** Summary
Autris (OTC: AUTR) has made significant strides in the real estate sector by completing the acquisition of a substantial 138.225-hectare (over 340 acres) site for its latest Veritas Village Community in Atenas, Costa Rica. This landmark purchase, valued at $34.29 million, represents Autris's largest endeavor to date and marks a significant expansion in its portfolio, which already includes successful projects in Panama and Nicaragua.
The acquisition, financed through a vendor agreement for $15.6 million over ten years alongside cash payments, offers Autris the flexibility to develop the land without immediate additional capital needs. The community is projected to encompass between 350 and 400 residences, with an anticipated revenue potential ranging from $240 million to $280 million, maintaining a robust profit margin of approximately 40%.
Atenas is particularly attractive due to its recognition by National Geographic as having the best climate in the world, with year-round temperatures between 22 to 26 degrees Celsius (71 to 79 degrees Fahrenheit). The property boasts a unique topography that offers diverse climatic options and stunning views, enhancing its appeal for potential residents. Additionally, the community is conveniently located about 30 km from San José's international airport and near various amenities, including shops, restaurants, and cultural attractions.
CEO Patrick Hiebert emphasized the significance of this acquisition, indicating it as a unique opportunity that aligns perfectly with the company's vision of creating self-sustainable, freedom-oriented communities. Autris plans to further expand its reach into other Latin American countries, with Argentina as the next anticipated location. The company's forward-looking approach underlines its commitment to promoting freedom and sustainability amid increasing authoritarian measures in many Western countries.
MWN-AI** Analysis
Autris (OTC: AUTR) has recently completed a significant land purchase in Costa Rica with an appraised value of $34.29 million, positioning itself to create the Veritas Village Community. With a growing trend towards self-sustaining living options in an increasingly polarized global environment, this acquisition promises potential growth for investors.
The land’s prime location in Atenas, identified as having the best climate in the world, along with its proximity to San Jose and the SJO International Airport, enhances its attractiveness. The plan for 350-400 residences coupled with amenities aligns well with current demand for residential communities that offer quality lifestyles intertwined with nature.
With an impressive financial structure in place, Autris secured vendor financing of over $15 million, warranting minimal payments in the initial years. This prudent financial management allows the company to continue developing and marketing the community without the immediate need for additional capital, creating room for further operational flexibility and diminishing financial risk in the short term.
Autris's revenue forecast of $240 to $280 million, attributed to expected 40% profit margins, showcases a promising opportunity. Investors should closely monitor the company’s ability to execute the master planning and permitting processes successfully, given that achieving the anticipated sales momentum is critical for realizing projected revenues.
Furthermore, Autris’s strategic focus on expanding its model of sustainability resonates with a growing demographic seeking alternatives to conventional living, particularly among expatriates and retirees in Latin America.
As Autris moves forward, stakeholders should watch market response and initial sales performance within the next 12 months. This expansion sets a foundation for future developments within the region, potentially enhancing shareholder value and company growth in the beginning stages of the project.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
Panama City, Republic of Panama--(Newsfile Corp. - September 22, 2025) - Autris (OTC: AUTR), ("Autris" or "the Company"), a pioneering company dedicated to promoting freedom and self-sustainability through the acquisition, design, development, and construction of self-sustainable communities throughout Latin America and the Caribbean, reports completion of the purchase of 138.225 hectares (over 340 acres) to create the newest Veritas Village Community in Atenas, Costa Rica.
Further to the company's Press Release dated June 19, 2025, Autris, through a newly formed wholly owned Costa Rican subsidiary, is pleased to report that it has purchased a 138.225-hectare site for the new Veritas Village Community in Atenas, Costa Rica. It is the company's largest undertaking to date with a recorded value of $29,026,725 (appraised value was $34,290,637.50). The company obtained vendor financing over 10 years of $15,587,326 partly tied to lot sales giving substantial flexibility for repayment with the balance paid in cash and a surplus valuation reserve. Payment totals in the first 4 years are minimal, leaving the company with ample funds to market and develop the community without any need for additional capital. This acquisition triples the balance sheet of the company and sets the stage for dynamic growth. Given the huge success of the company's flagship properties in Panama and Nicaragua, Autris looks forward to expanding on that success in Costa Rica and beyond.
The company estimates, based on initial master planning, that the community will consist of between 350 and 400 residences and all the amenities associated with the Veritas Villages brand. We anticipate a revenue runway of between 240 million to 280 million for the project with a margin consistent for our communities at 40% blended between house and lot sales.
Key features of Veritas Village - Atenas land and future community:
Atenas, Costa Rica boasts the enviable distinction of being ranked by National Geographic as having the best climate in the world! Daily temperatures range from 22 degrees to 26 degrees Celsius (71 degrees to 79 degrees Fahrenheit) year-round. Giving it the tag line of "Spring Time - All the Time!"
The property is very large, the last of the large land parcels in the Atenas region, with a gentle slope starting at 400 meters to 800 meters (2,624 feet) in elevation. Due to the size and variation in elevations there are three distinct types of climates from temperate to tropical on the property, allow residents to "choose" the climate they like best.
The views from the property are nothing short of outstanding. The views over the beautiful, lush valley below and the city lights of San Jose in the distance is simply awe inspiring.
The convenience of the location is unmatched as well, with the property being just a short 30 km, less than 20 miles, to the SJO International Airport in San Jose.
Atenas is considered one of the safest and interesting towns in the country with a very traditional and authentic feel, complete with the original Spanish Colonial town design with the central park and cathedral. Veritas Village - Atenas is a short 10-minute drive to the town of Atenas with modern grocery stores, theatres, gyms, and many great restaurants.
With roughly 40 acres of coffee plantation on the property, the company expects to create branded Veritas Villages coffee, as well as offer residents the opportunity to create their own branded coffee.
Autris, through its subsidiaries, is currently working on the master planning and permitting for this community with an anticipated initial phase of roughly 70 homesites to be offered within 6 to 12 months.
Autris CEO, Patrick Hiebert stated, "Costa Rica has always been one of the most popular destinations in Latin America and we have been looking for just the right property for several years there. I have personally walked dozens and dozens of properties over the past years in Costa Rica and just hadn't found one that checked all the boxes. But when the previous owner of this property was willing to sell, we jumped at the opportunity and feel very lucky to have been able to acquire this spectacular place! It is the last large tract of land in the best climate in the world!"
Autris intends to continue expansion of their extremely popular Veritas Village freedom and sustainability-oriented communities to additional Latin American countries with the next anticipated location being in Argentina. With ever increasing political divisiveness and authoritarian measures being taken in many of the western countries, Autris is seeing incredible growth in the number of people who are looking for an option in communities oriented around freedom and self- sustainability.
Further Information about Autris can be found on the company's website at www.autrisgroup.com and on the OTC Markets landing page for Autris at AUTR - Autris | Company Profile | OTC Markets
About Autris: Autris is a forward-thinking company committed to promoting freedom and sustainability. Through strategic acquisitions and innovative initiatives, Autris aims to create communities that embody the principles of freedom, independence, resilience, sustainability, and transparency.
For media inquiries, please contact: info@autrisgroup.com
SAFE HARBOR ACT: Forward-looking statements are included within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company's expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations or listing on an exchange - including words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will" and other similar expressions - are forward looking statements and involve risks, uncertainties and contingencies, many of which are beyond the Company's control and may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements, whether as a result of new information, future events or otherwise. No information in this press release should be construed in any manner whatsoever as an indication of the future performance of the Company's revenues, financial condition or stock price.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267302
FAQ**
How does Autris AUTR plan to leverage the success of its existing properties in Panama and Nicaragua to ensure the successful launch of the Veritas Village Community in Atenas, Costa Rica?
What specific strategies will Autris AUTR employ to market the initial phase of 70 homesites within 6 to 12 months of the community's development?
Given the emphasis on climate and sustainability, how will Autris AUTR incorporate eco-friendly practices into the construction and operation of the Veritas Village Community?
What challenges does Autris AUTR anticipate in expanding its self-sustainable communities strategy to Argentina and other Latin American countries, and how does it plan to address them?
**MWN-AI FAQ is based on asking OpenAI questions about Autris (OTC: AUTR).
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