LIG Assets, Inc. (LIGA) announced it has launched the company’s joint venture where the team of LIGA and EXIT Realty Elite have negotiated a two part deal to purchase a beautiful 60.19 acre tract along the hillsides of Brentwood, Tennessee. First phase of the acquisition on Bluff Rd., which officially closed with Smart Title & Escrow, Franklin TN, January on 30, 2018 entails the purchase of 30 acres for the price of $1,000,000 with first option to purchase the remaining 30.19 acres for an additional $1,000,000 within 12 months of the originally executed purchase agreement. LIG Assets was required to deposit $150,000 to secure deeded title for the exclusive and highly sought property. The acquisition was completed without the use of LIGA shares or convertible notes, ensuring the integrity of the stock structure. The residential subdivision project for the first 30 acres will consist of 42 upscale single family residences ranging in price from $599,000 to $1,000,000 plus with square footage beginning from 2800 square feet and up, bringing the projects gross revenue potential a minimum of $28,000,000 once completed. The subdivision will offer 3 types of individual home lots: two acre ‘Estate 1 Lots’ - one acre ‘Estate 2 Lots and ½ acre ‘Entry Lot’ parcels. The development will call for partial rezoning of the first phase from its current Area of 2 acre lots with a provision according to Metro Davidson County that will allow 1 home per acre without rezoning. Remaining lots rezoned to RS20 which will allow for additional lot sizes at 1/2 acre minimum. Total projected land value once complete infrastructure is in place with respect to excavation, utilities, roads etc., for the 30 acre land parcel alone will appraise at a minimum of approximately $8,100,000.00. LIGA's parcel border's another developer's parcel, Stonecrest of Brentwood by Turnberry Homes with estate homes currently selling from $800,000 and up which only improves and enhances the surroundings for unique subdivision.