La Rosa Holdings Corp. (NASDAQ: LRHC) announced it has been appointed as the exclusive listing agent in the United States for Flor de Pacífico, a residential development in Guanacaste, Costa Rica.

Under the agreement, La Rosa will handle all US-based sales and marketing efforts for the project over an initial five-year term. The company will receive a 10% commission on transactions it facilitates during this period.

Phase 1 of Flor de Pacífico is expected to generate approximately $20 million in total sales. The development includes Luz del Mar Residences, a collection of homes located in Guanacaste. Additional phases are planned for the project.

"Phase 1 alone represents an approximately $20 million sales pipeline, and we see strong demand from U.S. buyers seeking premium international real estate," said Joe La Rosa, CEO of the company. "Based on the success of Phase 1, we expect to have the opportunity to participate in future phases, which could meaningfully expand our revenue potential and deepen our presence in the Costa Rica market."

La Rosa Holdings operates as a real estate and PropTech enterprise. The company runs 24 corporate-owned brokerage offices across Florida, California, Texas, Georgia, and Puerto Rico, along with five franchised offices and three affiliated brokerage locations in the US and Puerto Rico.

The company also operates a full-service escrow settlement and title company in Florida and has begun expansion into Europe, starting with Spain.