Native American Company Invests in Island Lakefront

SAN JUAN ISLAND, WA- Indigenous Global Development Corp., the first and only majority-owned and publicly traded Native American company in the US, has acquired as an investment a controlling interest in 41.1 acres on Sportsman Lake on San Juan Island, WA.

In a joint venture with the seller, 1500 Partners LP, the plan is to create several five-acre lakefront lots and then sell them off or joint venture with a builder in the development of multi-million-dollar luxury estates. 1500 Partners is an investment partnership of the Courtney family. Randall Courtney tells GlobeSt.com that the property is the only developable land left on Sportsman Lake, a renowned Bass fishing lake and the only lake on the island large enough to land seaplanes.

The sale price of the land was not released by the parties involved and was not yet available through the records division of San Juan County. With luxury estates on them, the IGDC estimates the gross market value of the property at around $60 million.