US-based Suntex Enterprises, Inc. has signed a Letter of Intent to establish a major real estate development partnership spanning Canada and the United States, targeting opportunities valued at more than $1 billion over the next three to five years.

The Texas firm revealed that its initial growth phase will focus on two major master-planned schemes in Alberta, Canada, which are projected to generate approximately $575 million in combined project revenue.

The cornerstone project is Royal Links, a proposed 134-acre development in Leduc, Alberta, accounting for $250 million in revenue. The plan features 112.7 developable acres and 979 residential lots, including single-family, semi-detached and townhome spaces, alongside commercial parcels, schools, parks and infrastructure. Pre-development engineering is currently underway, with land development set to begin in the fourth quarter of 2026.

A second Alberta project, named Meridian, represents $325 million in project revenue. Beyond Canada, Suntex is evaluating additional expansion opportunities across Texas, Oklahoma and Missouri.

To support its Canadian operations, Suntex is currently negotiating the acquisition of an established real estate developer in the country. Meanwhile, the group plans to fund its real estate expansion partly through the $5 million sale of its beverage division. From those proceeds, $1 million will be directed towards a share buyback program scheduled for October 2026.

Javier Leal, Chief Executive Officer of Suntex Enterprises, said: “The signing of this LOI marks the next stage of a relationship we first introduced to shareholders in July.”

“We are moving from evaluating opportunities to advancing projects. Royal Links gives us a clear starting point, Meridian adds significant scale, and the opportunities in the United States provide a path for continued expansion.”

“Our strategy is to participate in more than one layer of the economics. Where Suntex participates as an owner, we intend to capture value from the underlying asset, the development of the land, construction and infrastructure activity, and ultimately the monetization of finished lots and assets.”

Leal continued: “We are building the operating infrastructure around that strategy. We already have companies capable of performing across multiple stages of development in the United States, and we are negotiating the acquisition of a Canadian developer to establish those capabilities in Canada.”

“The planned sale of our beverage division is part of the same strategy. We built value in those businesses, and we now have an opportunity to convert that value into capital for the next stage of Suntex while dedicating $1 million toward our planned share repurchase program.”

“Our direction is clear. We are concentrating Suntex around real estate, construction, infrastructure, and land; building ownership into the model; and putting our capital and operating companies behind that strategy. The opportunity is significant. Now we have to execute.”