medellin - s3.amazonaws.com · • 16 comunas, 249 barrios and six unincorporated areas. • barrio...

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M E D E L L I NWORLD’S BEST CITY TO LIVE AND INVEST?

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• Population: 47,000,000 2nd in South America• GDP: 2nd in South America• Language: Spanish• Capital: Bogotá• 32 Provinces (States)• South America’s oldest democracy• Size: Twice that of Texas• Currency: Colombia Peso (COP)• Location: NW corner of South America bordering Panama

and both Atlantic and Pacific Oceans• Colombia is the United States best friend in Latin America• Security: Dramatically improved since 2002• Tourism: up 5-10% per year this decade• Lifestyle: Strong sense of community and family

COLOMBIAAT A GLANCE

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COLOMBIACONS

• Hot and Humid on the Coasts• People tend to over promise and under deliver• Traffic in major cities• Not much English is spoken• No national interstate and railway systems• FARC peace negotiations still underway• Gang problems in poorer “barrios”• Locals tend not to show up on time for appointments• Slow lines at banks and public facilities

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COLOMBIAPROS

• Friendly people• Democratic country• Good infrastructure• Diverse lifestyle options• Affordable cost of living• Energy exporter• Low and fair taxes• Multiple residency options• Excellent healthcare• Hedge against the US dollar• Low labor costs

• Top Latin American US ally• 3 1⁄2 hours from Miami• Eastern Standard Time EST• Great real estate values• Lots of positive energy• Excellent investor rights• Strong sense of community• Cohesive culture• People work to live not live-

to work

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RESIDENCY• Tourist – 180 days/yr. at 90 day max intervals • Investment – real estate $150,000 required• Investment – business $24,000 required• Business• Work• Special Temporal • Student• Retirement• Spousal• Fiancé• Seven others

VISA OPTIONS

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MEDELLIN


• Population: 3,800,000 inhabitants in the Medellín Valley• Second largest city in Colombia• City of Eternal Spring, Own a Piece of Paradise, World ́s Best

Kept Secret, Fountain of Youth• Elevation: 4,900 ft near the equator• Climate: average range 60-86 F and monthly is 72 F• A/C and Heaters: not needed (thus low utility costs)• Bugs/Insects: because of altitude few flying creatures – screens

and lanais not required• Cleanliness: culture of cleanliness, city and people are very clean,

bathrooms and streets are clean• Extensive world class library system, parks and museums• Education: 32 universities – almost as many as Boston MA

MEDELLINHIGHLIGHTS

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MEDELLIN• Transportation: efficient and available: buses (40 cents), taxis

($1.50 – $5.00 USD), Metro & Metrocable ($1.00 USD)• Infrastructure: good roads, high speed Internet, dependable

utilities, Direct TV available• Paisa culture: unique Spanish influenced friendly culture• Tourism: up 35% over past three years• Food & water: good food & excellent mountain spring tap water• Festival of Flowers, Festival of Lights, 26 Holidays• Festive Night Life: Paisas work to live, not live to work• 2012 World ́s Most Innovative City – Beat out NYC and Tel Aviv


MEDELLIN

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MEDELLINCITY PROFILE

• 16 Comunas, 249 barrios and six unincorporated areas.• Barrio areas are rated by a Stratus from 1-6.• Higher Stratus # means greater cost for taxes, utilities, HOA fees, real

estate prices, food and living costs.• Medellín has Stratus 6 locations in El Poblado, Envigado, Sabaneta

and Laureles.• Some nice status 4-5 neighborhoods include Belén, Itagui, Estadio, Las

Flores, Calazans, Bello, Buenos Aires, etc.• El Poblado, the most exclusive barrio, is to Medellín, what Beverly Hills

and Bel Air are to Los Angeles• 90% of FARM ́s buyers, renters and investors wish to be in and around the

El Poblado area.


MEDELLIN

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Hospital Pablo Tobón Uribe Hospital Universitario de San Vicente Fundación Hospital General de Medellín

Clínica Universitaria Bolivariana

Clínica las Américas

Clínica Cardio VidClínica León XIII Clínica Medellín

MEDELLIN HAS8 OF THE BEST 42 HOSPITALS IN LATIN AMERICA

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MEDELLIN’SHEALTHCARE CONSIDERATIONS

WHO ranks United States

#37WHO ranks

Colombia #22

Medical Tourism increased 62% from 2010 to

2015 in Medellin

U.S hospitals lost more than 20,000 patients last year

due to MRSA

Health insurance 1/4th to 1/5th the cost of the United

States

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MEDELLIN

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1. Senior discounts at the movies2. Medellín incredible springtime climate3. Lower cost of living4. Affordable quality healthcare5. Live longer6. Viagra generics at 1/5th the cost

RANKED IN REVERSE ORDER OF PRIORITY!

MEDELLÍN RETIREE BENEFITS

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Medellín is a beautiful city built in a lush valley offering Spectacular Views facing the mountains to the east and west and the Medellín Valley running north and south.

MEDELLIN VIEWS

Million dollar views are free in Medellín!

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MEDELLIN

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SECURITY• When former President Uribe took office in 2002 security improved

dramatically throughout Colombia and especially Medellin

• Medellin now has a lower crime rate than a number of major United States cities

• El Poblado is the safest and most secure neighborhood in Medellín

• 99% of FARM listings have 24 hour gated security

Pablo is dead!

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PABLOis dead

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SUCH A GREAT VALUEW H Y I S M E D E L L I N

PERC

EPTION

REAL

ITY

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OWN A PIECE

OF PARADISE

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FIRST AMERICAN REALTY MEDELLINMISSION STATEMENT

First American Realty Medellin began operations in 2006 with the expressed goal of being the trusted on the ground credible resource to assist and serve foreign buyers, investors, renters and visitors for making commercial and residential real estate investments while providing a

wide array of turn-key support services.

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RICH HOLMANFounder / Broker

Partner First American Realty Medellin

• Texan from Atlanta, Minneapolis, Los Angeles & Naples, FL• Experience in securities, investment banking, publishing, real estate

investing and mortgage banking• Came to Medellin Aug 2006 and fell in love with the city• Determined that Medellin was truly the “World’s Best Kept Secret” and

knew that it would soon be “discovered” by the international community• Has worked to be first to market with a real estate company that could

effectively serve foreign interests• Favorite Saying: “My worst day in ten years in Medellin was better than my

best day in 14 years in Naples, Florida”

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MARKETINGCOORDINATOR

Monica Quintero

Diana Pizano

Santiago Sierra

Carolina Cifuentes

INVESTMENTSCOORDINATOR

PRESIDENT

Jeremy Zick

ACOUNTING AND INTERNAL ADVISORS

C Y G INTEGRAL

COLOMBIA LEGAL PARTNERS

FARM LEGAL STAFF

• Rich Holman• Jeremy Zick• Andrew Campion• Joseph Greco• Monica Quintero

• Sara García

BOARD OF DIRECTORS

Arturo Gómez

Joseph Greco

DIRECTOROF INVESTMENTS

INVESTMENT ADVISOR

Rich Holman

DIRECTOR OF INVESTOR FINANCE

RECEPTIONIST

Nicholas Wareham

DEAL FINDER

DIRECTOR OF HUMAN RESOURCES

Andrew Campion

DIRECTOR OF MARKETING

Camilo Polo

César Sánchez

GRAPHIC DESIGNER

WEB DEVELOPER

Yeraldin Zuluaga

ACCOUNTINGCOORDINATOR

Monica MazoLuisa MúneraSara C. García

ACCOUNTINGASSISTANT

ACCOUNTINGINTERN

Ana Cristina Arenas

ACCOUNTINGDIRECTOR

DIRECTOR OF COMPANYFINANCES

Ambar Jenrette

Veronica Londoño

• John Duque• Yudy Gil

DIRECTOR OF PROPERTYMANAGEMENT

PM AND ADMINISTRATIVECOORDINATOR

• Cristian Londoño• Daniel Agudelo

CLIENTSERVICES

• Gladys Zapata• Gloria González

CLEANING SERVICESSUPERVISOR

BOOKING AGENTS

Santiago Álvarez

Christian Obando

QUALITY CONTROL COORDINATOR

TECH MAINTENANCECOORDINATOR

• Humberto Arbeláez• Juan Celada

MAINTENANCE

CLEANING SERVICES

• Beatriz Gómez• Dora Doria• Marta Agudelo• Cecilia Maussa• Johana Zuleta• Paola Jimenez• Jackeline Zapata

Liseth Peláez

• Hugo Martínez• Paul Harris• Mateo Gavíria• Manuela Madrid• Carlos Nieto• Dennis Benschop• Luis Nieves• Sandra Campo

• Gus Cabarcas

REAL ESTATE ADVISORS

SALES ADMINISTRATIVECOORDINATOR

LISTING AGENT

Henry Emans

DIRECTOR OFRESIDENTIAL SALES

Carlos Sandoval

DIRECTOR OF FADSDESIGN - BUILD SERVICES

Vanessa Sucerquia

PROJECTSCOORDINATOR

Carlos Agudelo

Jose Cadavid

CONSTRUCTIONCOORDINATOR

Hernán Montoya

CONSTRUCTIONMANAGER

Jose Restrepo

REGIONALPROJECT MANAGER

• Eliseo Arango• Pablo Moreno• Ana María Rincón

Arley Bustamante

Sandra Pizano

Catalina Pérez

Natalia Sosa

Camilo González

ARCHITECT

ARCHITECT

Marlin Ochoa

DRAFTER

INTERIORDESIGN

CONSTRUCTIONMANAGER

CONSTRUCTIONINSPECTOR

LEAD ARCHITECT & DESIGN TEAM MANAGER

INTERIOR DESIGNASSISTANT

REGIONAL OFFICES

Sebastián RomeroSam Miller

BOGOTÁ

TEAM

Patrick Spanfelner

CALI

TEAM

Andrea Ochoa

CARTAGENA

TEAM

Alejandra Vélez

GEBC

OPERATIONS OFFICER

Yuly Villota

Alexandra Cujia Monica Quintero

Vanessa Cendales

SALES TRANSACTIONCOORDINATOR

Katherin Correa

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FIRST AMERICAN REALTY MEDELLINFounded in May 2006 to Assist Foreign Investors and Visitors

• Four Divisions •Property

Management

140 + furnished apartment rentals

Design/Build/

Remodel

Four architects, three draftsman, project mgr. & construction mgrs.

Commercial Investments /Developments

18 completed and 16 in design and construction

• Total Employees = 60• Doubled in size past 18 months• El Poblado Zona Rosa Office near Parque Lleras• Currently expanded to Cartagena, Cali and Bogota

Residential Real Estate

350 listings & seven agents

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WHY FIRST AMERICAN REALTY MEDELLIN

• We know the American culture and what level of service and communications that you expect

• We have extensive experience in investing both in the United States and Colombia

• We offer the strategic benefit of bringing new investment ideas and concepts to the Colombian market place

• We understand the local culture and the local players• We have worked diligently to put together a competent, honest

and trusted support team• We are vertically integrated and thus do not depend on third

parties for our business success• We have a proven track record in rentals, sales, design- build /

rehab and commercial developments

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CARTAGENA

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CARTAGENAHIGHLIGHTS

• One million inhabitants• Beach city with modern high-rises and hotels• Colonial architecture: The Walled City• UNESCO Heritage Site• Top tourist attraction: popular cruise ship

destination• Popular Colombian vacation choice• Mega resort and hotel developers: Hyatt,

Intercontinental, Sheraton, Viceroy, Four Seasons,Hilton, etc.

• Excellent and varied cuisine• Vibrant vacation rental market

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BOGOTA

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BOGOTAHIGHLIGHTS• Nine million residents

• A bustling capital city modernizing & upgrading major infrastructure

• Known as the ´city of opportunity´ it is progressive, gastronomic, historic, diverse & culturally rich

• Rising business epicenter in the middle of Colombia and the Americas

• Largest & most diversified furnished rental markets in Colombia

• #1 destination in Colombia (1.3 million international/ 7 million domestic visitors each year)

• The beating heart of the country generating 30% of the country´s GDP

• Excellent and varied cuisine• Incredible variety of festivals, concerts, theatre, music and

cultural events

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CALI

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CALIHIGHLIGHTS• 2.5 million people

• Exotic, warm all-year average 32-degree celsius (89 Fahrenheit) during daytime

• Beautiful, tree-lined streets• Known as the Capital of Salsa with Colombia's best

nightlife• A bustling business environment due to proximity to

Buenaventura port, Colombia's most important• Great restaurants with food from all over the world• Close to nature with hiking trails, waterfalls, mountain

biking, rivers, paragliding and birdwatching• Tons of concerts, festivals (Most famous: La Feria and

Petronio Alvarez), theatre, art expos and sport events• Marriott, Intercontinental, Hampton by Hilton, Movich,

NH, Ibis, Hyatt have all invested in Cali

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WELCOME TO

TRAVEL AND BUSINESS CENTER

GLOBAL EXPRESS

• Global Express offers Travel, Business, Office and Investment Services.

• One stop shopping all under one roof for foreign visitors, tourists, workers, investors, renters.

• Estimated 20-25 Tenant Service Providers.

• 8,000 sq ft of office space.• Furnished offices, virtual offices and

co-working spaces.

First American Realty and The Apartment Medellin's new main offices.

"The Home Depot For Foreign Services"

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• Real estate transactions and closings• Registration with the Central Bank for funds being brought into Colombia• Visa work: there are 19 types• POA ́s: Power of Attorney• SAS formations (incorporations)• Trademark protection, intellectual property and patents• Import/Export assistance• Labor and business contracts• Reasonable rates for legal services - since 2007 our legal experts have

assisted our clients at rates 50% or less than that of comparable attorneys in the United States

FARM always seeks the best bi-lingual legal talent to assist our clients. We currently recommend Colombia Legal Partners (CLP) for the following:

See web site at www.colombialegalpartners.com

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“Laura/Diana: How to complete a real estate transaction in an unfamiliar regulatory environment from 12,000 miles away; that was my issue. I left it to you. You greatly simplified the process [in English] and eased many of my concerns. Colombia can be bureaucratic/”paperwork intensive” by US standards and you took care of all the small details - many thanks!! Strongly recommend your service.” Chris W.(Purchased four br apartment in El Poblado)

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MEDELLINREAL ESTATE

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COST OF LIVING / MONTHIN EL POBLADO

• Unfurnished Rental 2-3 Bedroom: $ 1730• Purchased 2-3 Bedroom: $ 1450• LOCATION: 90 % of First American sales and

rentals are in and around El Poblado, the safest and most luxurious neighborhood in Medellín!


COST OF LIVINGUNFURNISHED TWO BR EL POBLADO MEDELLÍN

HOA Fee $0Property Taxes $0Transportat ion $75Gas $25Electr ic ity $35Telephone $20Internet $25Cable TV $25Household Help $75Food $400Enterta inment $300Health insurance $100Travel $100Miscel laneous $50Total Monthly Expenses $1,730

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COST OF LIVINGTWO-THREE BR EL POBLADO MEDELLÍN PURCHASE

Rent $0HOA Fee $135Property Taxes $75Transportat ion $75Gas $30Electr ic ity $40Telephone $20Internet $30Cable TV $30Household Help $75Food $400Enterta inment $300Health insurance $100Travel $100Miscel laneous $50Total Monthly Expenses $1,450

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FIRST AMERICAN REALTY MEDELLIN

CLIENT PROFILE

Ages of Clients:

Country of Origin

Background / Occupations

• Under 40 = 20%• 40-60 = 60% • 60+ = 20%

• Professional business people and mining personnel

• Couples: retired and semi-retired

• Second home buyers• Investors & entrepreneurs• Colombian Americans

returning home• Internet based/remote

occupations• Families with children

• 65% US, 15% Canada, 5% Australia, 10% European, 5% Other

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MEDELLINREAL ESTATE PROFILE

• Purchase and Rental Preferences: 90% El Poblado and adjacent areas

• Types of Property Purchased:- Penthouses = 30%- Three BR = 50%- One-two BR = 15%- Single Family Homes and Fincas = 5%

• Price points:- Average price = $ 150,000 USD- Price range = $ 50,000 - $500,000 USD

• Per cent foreign buyers: Less than 1% of the Medellin market

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EL POBLADOPROPERTY COSTS

• New Construction – 5.5 to 6 million pesos per sq mt• 1-5 Years Old - 4.1 to 5.5 million pesos per sq mt• 5-30 years Old – 2.5 to 4.1 million pesos per sq mt

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PROCESSFOR BUYING

• Find property and agree to terms with seller • Buyer opens securities account with Alianza Valores or similar firm

(can be done prior to showings)• Meet with an Attorney• First American Realty Medellin prepares a Term Sheet for buyer, seller

and attorney(s)• Certificados de Libertad provided• Promesa (Sales Contract) prepared• Buyer brings funds into Colombia• Promesa executed at a Notaría with 10% down• Closing takes place 15-60 days later – balance paid • Buyer receives Title 2-3 weeks after closing.

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MEDELLINREAL ESTATE BUYING COSTS

• 3% commission is seller paid – thus no cost to buyer• 0.8% - 1% to bring and convert USD to pesos in Colombia• Closing costs – 1.4% of sales price• Legal fees - $800 - $1000 USD• Approximate Total for all costs = 3% of sales price.

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OUR SECRET WEAPON?

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FADS - ADD VALUEFirst American Design, Build, Rehab Services

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FINISHED PRODUCTGAUDI LOFTS

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TRANSFORMATIONS

BEFORE AFTER

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BEFORE AFTER

TRANSFORMATIONS

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WHERE THE VALUE IS!Most First American Realty Medellin clients buy in the $85 – $135 per square foot price range.

Because the cost of labor for remodeling is about 1/4 to 1/5th that of the US and Canada – buyers prefer to add value by remodeling kitchens, bathrooms, Terrazzo’s, flooring, opening up living spaces, etc.

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FOUR WAYS TO INVESTIN COLOMBIAN REAL ESTATE WITH FIRST AMERICAN REALTY

Purchase a residential property to live in or as a second home but not

rent it out

1Purchase a residential property and place

into our Property Management Program with expected annual net

rental returns of 5-7%

2

Invest in our PREPS (Packaged Real Estate Products) with preferred

dividends of 8-9% and additional equity returns of 18-25%.

4Purchase a rental property under our TIPS (Turnkey Investment

Properties) program with average ROI ́s of 8-10%

3

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PURCHASE A RESIDENTIAL PROPERTY TO LIVE IN OR AS A SECOND HOME

BUT NOT RENT IT OUT

Investor has 100% ownership and control of liquidity decisions

Investment is proactive and involves time and expense to travel, visit, conduct showings on one or more visits, pay legal fees and closing costs and make decisions regarding remodeling, furnishing and decorating.

95% of investors visit and see properties before buying

Average investment cost in El Poblado Medellin is $150,000 USD and average range is $125,000 to $250,000 USD Average annual

appreciation for past ten years has been 7%

Is visa eligible

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PURCHASE A RESIDENTIAL PROPERTY AND PLACE INTO OUR

PROPERTY MANAGEMENT PROGRAM

Investor has 100% ownership and control of liquidity decisions

Investment is proactive and involves time and expense to travel, visit, conduct showings on one or more visits, pay legal fees and closing costs and make decisions regarding remodeling, furnishing and decorating.

95% of investors visit and see properties before buying

Average investment cost in El Poblado Medellin is $150,000 USD and average range is $125,000 to $250,000 USD Average annual

appreciation for past ten years has been 7%

Is visa eligible

Annual ROI of 5-7%

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TIPS (TURNKEY INVESTMENT PROPERTIES)

◗ FARM has identified well located undervalued properties and will partner with the individual investor

◗ Investor has 100% ownership and controls liquidity decisions

◗ Investment typically is quite passive in that FARM has already identified the property, executes the pre-approved design, furnishing and decorating decisions, pays all legal and closing costs and does not require any travel or visits to the property – thus lower due diligence costs

◗ 90% of investors have not seen the property prior to investing

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TIPS (TURNKEY INVESTMENT PROPERTIES)

◗ Typical investment price range is $68,000 to $150,000 USD

◗ Allows for diversification◗ Is visa eligible◗ Rentals typically are for both long or short

term rentals◗ ROI ́s typically are in the net 8-10% range

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First American Realty Medellin - The Apartment Medellin

Diversify Colombiawith double digits returnsFour Cities, Four Different Markets

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Different marketswith great returns

3

1

4

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1. Bogota 8.7% Estimated ROI8.7%

2. Cartagena 10.2% Estimated ROI10.2%

3. Cali 10% Estimated ROI10%

4. Medellín 10.3% Estimated ROI10.3%

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Over the past 15 years each city has seen average annual real estate appreciation in the 6-8% range and, when combining

this with net rental cash flows of another 8-10%, this leads to double digit annual returns in each city.

So pick your city(s) and diversify with your favorites.

Diversify Colombiawith Double Digit Returns

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FOUR CITIES

FOUR DIFFERENT MARKETS

This property is located in the heart of Chapinero, a strategic position primed for growth. A wave of appreciation is sweeping across the zone because of increasingly rapid development. Also:

• A favorite location for visitors to Bogotá for its convenient position between the Centro/La Candelaria and Parque/93 Zona Rosa areas to the north. Area where the first Starbucks was located in Colombia.

• Close by several major universities, including the Universidad Javeriana, one of the most important universities across Colombia.

• We have a strong rental track record from 9 other properties we manage in the building. Severe under-supply of similar properties on the market.

Diversify Colombia with Proven High Cash Flow

Selling Price: 205M COPEstimated ROI: 8.7 %

EST: $69,350 USDSize: 25m2 + 11m2 TerraceK57 - 102 TIP

Colombia´s largest city with 8,700,000 people and 30% of the country’s GDP, it is the seat of government and business but also has a very strong tourist market centered on culture, shopping, fine dining and a diverse economy.

Bogota attracts 51% of all visitors coming to Colombia and this helps drive a robust hotel and apartment rental market. The most diversified furnished rental markets in Colombia means your investment receives strong, steady income.

BOGOTA

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EST: $197,000 USDSize: 95 m2

• Walking distance to Bocagrande, Laguito and Castillo Grande Beaches

• Two Blocks from Ave. San Martin with restaurants, nightlife,shopping and supermarkets.

• Across the street from 24/7 supermarket

• Easy access to the UNESCO World Heritage Site of the Old City and San Felipe Castle

• Just a few blocks from the famous Club Cartagenain Bocagrande


Selling Price: 586M COPEstimated ROI: 10.2 %

CARTAGENA

With its 1,000,000 population mostly centered on taking care of Colombia´s most vibrant vacation market located primarily in the UNESCO walled site, the “Old City” and the beach area peninsula of Boca Grande, Laguito and Castillo Grande.

Not only is this Colombia´s, and much of Latin America´s preferred beach destination, but it also serves as a huge international cruise ship destination and European vacation market.

Bavaria TIP

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EST: $110,000 USDSize: 90 m2

• Located in Cali's top hotel district, the trendy, upscale zona rosa El Peñon.

• Walking distance to cocktail bars, restaurants, artisanal bakeries, pizzerias and ice cream shops, La Tertulia Museum, the city center, Cali's river and the historic district, San Antonio.

• El Peñon is located in the part of the city that has been projected to receive the highest future appreciation by real estate magazine, Metro Cuadrado.


Selling Price: 336M COPEstimated ROI: 10 %Brisas del Peñon TIP

CALI

With 2,400,000 people Cali houses more than 60 multinational corporations as it sits close to Colombia´s port of entry from Asia and the Pacific at Buenaventura. Cali is experiencing new recognition as Colombia´s third most populace city and this is shown in its booming tourism growth at 24% (1st Qtr. 2016) double that of Colombia´s 12% tourism growth in 2015.

Cali represents an almost unprecedented value with its real estate acquisition costs of 40-60% less than Bogota, Cartagena and Medellin.

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EST: $162,000 USDSize: 153 m2

This property is located just one block away from Parque Envigado within the Metropolitan area of Medellin.This area of the city has been increasingly calling the attention of foreigners for several reasons:

• Envigado is a stylish suburb known for its amazing dining options, great nightlife, charming people, flat streets, beautiful parks and it is placed just 2 miles south from El Poblado.

• This area has the best combination of urban and suburban living, entertaining options, and not far away from where all the main business and tourist action takes place but still far enough to enjoy a more quiet and peaceful style of living.


Selling Price: 482M COPEstimated ROI: 10.3 %Victoria TIP

MEDELLIN

3,700,000 inhabitants reside in the Medellin area and possibly enjoy the world´s best climate (average 72 ·F every month), clean water, great infrastructure, lack of insects, 32 universities, friendly people, expanding tourism and best of all, the least expensive cost per sq meter for real estate in any cosmopolitan city worldwide.

A small price to pay for a “Piece of Paradise”.

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PREPS (PACKAGED REAL ESTATE PROJECTS)

◗ FARM ́s commercial real estate option for buildings being purchased, placed into a corporation, remodeled, furnished and put into FARM ́s short term rental program

◗ Investor has a % ownership in the project determined by the amount of his or her investment; Investor can vote on but does not control liquidity decisions

◗ Investment is passive and 95% of investors have not seen the project prior to investing; legal and closing costs are covered

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PREPS (PACKAGED REAL ESTATE PROJECTS)

◗ Minimum investment is $25,000 USD

◗ PREPS allow for more diversification

◗ Are visa eligible◗ Rentals will be short term◗ Equity returns to investors of 18-25%

◗ Preferred dividends 8-10%

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INVESTMENT / DEVELOPMENT PROJECTS

Poblado Suites

Park Suite apartment 301



Oasis del Poblado

Jardines de Envigado 202

Envigado Townhome

Bosques de Provenza

Envigado Lofts

Monticello Lot Development

Global Express Business Center

Manila Apartment

Laureles Lofts 504

Cartagena Suites

PREP

TIP

TIP

TIP

PREP

TIP

TIP

PREP

PREP

3rd Party Client

PREP

TIP

TIP

PREP

Operational

Operational

Operational

Operational

Operational

Operational

Operational

Operational

Operational

Under construction

Under construction

Operational

Operational

Under construction

4th quarter 2011

3rd quarter 2015 (first unit)

3rd quarter 2015 (Second unit)

3rd quarter 2015 (Third unit)

2nd quarter 2014

1st quarter 2015

Jardines de Envigado 302 TIP Operational 1st quarter 2015

Jardines de Envigado 402 TIP Operational 1st quarter 20153rd quarter 2015

3rd quarter 2015

1st quarter 2016

Finishing 4th quarter 2016

Opening 4th quarter 2016

2nd quarter 2016

2nd quarter 2016

Laureles Lofts 506 TIP Operational 2nd quarter 2016

Opening 2nd quarter 2017

PROJECT NAME PROJECT TYPE STATUS DIVIDENDS START DATE

Casa Provenza

Casa del Reloj

PREP

3rd Party Client

Operational

Operational

4th quarter 2012

4th quarter 2014

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INVESTMENT / DEVELOPMENT PROJECTSPROJECT NAME PROJECT TYPE STATUS DIVIDENDS START DATESabaneta Apartment 201

Urban Heights

Laureles Suites

Villas del Peñon

Granada Executive Suites

Parques de San Joaquin

El Bosco

El Bosco 3

K57 - 202

TIP

PREP

PREP

PREP

PREP

TIP

TIPTIP

TIP

Under construction

Under construction

Under construction

In Design phase

In Design phase

In Design phase

In Design phase

In Design phase

Opening 1st quarter 2017

Sabaneta Apartment 202 TIP Under construction Opening 3rd quarter 2016

Sabaneta Apartment 402 TIP Under construction

Under construction

Opening 3rd quarter 2016




Opening 4th quarter 2017



Finishing 4th quarter 2016Under construction

Furnishing



K57 - 404

K57 - 104

TIP

TIP

Finishing 3th quarter 2016K57 - 102 TIP

Operational 3rd quarter 2016

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TRANSFORMATION OFPOBLADO SUITES

BEFORE AFTER

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POBLADOSUITES

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POBLADOSUITES (PS)

• Project came in ON BUDGET• Project came in ON TIME• Project in 2012 generated net

$72,000USD on a $320,000 investment

RESULTS AND SUCCESS

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OASISSUITES

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BEFORE AFTER

GEBCBEFORE AND AFTER

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P R E P S™ - G R A N A D A

This property offers the perfect combination of being only three blocks from the #1 Cali Zona Rosa (night life and tourism hotspot) while being just one block off a green and active commercial street with a range of local restaurants, bars, shops and more. Currently 420 m2 of constructed space with variety of street side balconies, roof top Terrazzo and common court yard.

Granada / Versalles, Cali

8% preferred, pre-tax, plus equity increase via repositioning and future appreciation – with opening in late 2017

(Open for Reservation deposits of 5% of the desired investment amount)

Open Fund Raising

$25,000 USD

SUMMARY

INVESTMENT MINIMUM

LOCATION

ESTIMATED ROI

STATUS

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IMPORTANT

2,900

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14 Oct 2014 00:00 UTC - 13 Oct 2016 13:52 UTCUSD/COP close:2931.80509 low:2045.01968 high:3436.80011

USD vs COPTWO YEAR HISTORY

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HUGE USD BUYER OPPORTUNITY

◗ Food and Restaurants

◗ Lodging

◗ Taxis and Transportation

◗ Shopping

◗ Health care

◗ REAL ESTATE

Over the past 12 months for those holding USD and visiting Colombia the following items are 30% less expensive:

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U.S. NATIONAL DEBT CLOCK

THE OUTSTANDING PUBLIC DEBT AS OF 11 OCTOBER 2016

TIME BOMB!

$19,697,314,305,051.23

THE ECONOMIC TICKING


THE WILD CARDUSD vs. COP

◗ Have falling oil prices created an opportunity?

◗ Are you concerned about the $20 Trillion US debt?

◗ Do you wish to diversify your USD dominated assets?

◗ Would you like a Colombian visa as a safeguard?

◗ Have you considered the built in gain if the USD/ COP returns to recent historic levels?

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17 Oct 2006 00:00 UTC - 13 Oct 2016 13:52 UTCUSD/COP close:2931.80509 low:1654.90000 high:3436.80011

USD vs COPTEN YEAR HISTORY

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Medellin lowest priced cosmopolitan city in the world on a cost per sq

meter basis.

Foreign investing in Medellin is less than 1%. What happens

when the world discovers Medellin?

With tourism up and more executive travelers

Medellin rentals are offering ROI ́s from 5-10% net returns.

Medellin real estate is a great way to diversify your assets from dollar

based holdings.

Investor ́s visas available for real estate purchases and a Colombian visa is a great security net for future times of financial

uncertainty.

Due to the favorable current exchange rate real estate prices have dropped by 30% for investors with

USD – a real bargain which may not last!

WHY INVEST IN MEDELLIN NOW!

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REAL ESTATE

Name(s): Home City: Email: Phone Number:

❑Please place me on your First American monthly Medellin real estate newsletter mailing list.

◗I may be interested in a residential purchase. Please assign a sales agent to assist, as I am interested in:

❑Living in Medellín full time or retiring there ❑A second home or vacation property ❑An investment or rental property

◗I am interested in receiving more information on the following:

❑Bogota TIP with 8.3% Est. ROI – Investor Kit❑Medellin TIP with 10.7% Est ROI - Investor Kit❑Cali TIP with 10%. Est ROI - Investor Kit❑Cartagena TIP with 10%. Est ROI - Investor Kit❑Cali Granada PREP with 8% Preferred Dividend and 20% Equity Additional Return -Investor Kit

INTEREST CHECKLIST

❑Please e-mail me a copy of your First American Realty Medellin Residential Real Estate Presentation given today!

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BEAT THE WORLD TO MEDELLÍN

NOW IS THE TIME TO

“OWN A PIECE OF PARADISE”

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FOR MORE INFORMATION

www.firstamericanrealtymedellin.comUS Landline: 305-393-8872Medellín Landline: (057) (4) 312-5473Medellín Cell Phone: (057) 314-863-0621

Contact

RICH HOLMANFounder / PartnerFirst American Realty Medellin

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FOR MORE INFORMATION

FREE BAG OF CHOICE COLOMBIAN COFFEE

FOR THE BEST QUESTION!

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