Autris Completes Substantial Land Purchase to Create the Newest Veritas Village Community in Costa Rica with an Appraised Value of $34.29 Million [Yahoo! Finance]
AUTRIS (AUTR)
Company Research
Source: Yahoo! Finance
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 a
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