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Costa Rica Overview

Costa Rica Overview Size: 20,000 square miles (about the size of West Virginia) with 6% of the world’s total biodiversity. Illustrious views from ocean and tropical rain forests, sandy beaches, corral reefs, to cloud forests with active volcanoes Population: 4 Million

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Costa Rica Overview

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  1. Costa Rica Overview • Size: 20,000 square miles (about the size of West Virginia) with 6% of the world’s total biodiversity. • Illustrious views from ocean and tropical rain forests, sandy beaches, corral reefs, to cloud forests with active volcanoes • Population: 4 Million • 25% of Costa Rica’s national territory is already “protected” to preserve the Country’s greatest asset – ecotourism • The Worlds new playground for the Active Retiree • Fast emerging as the premier resort and residential destination • Attractive foreign investment opportunities for growing “Global Citizens”

  2. Costa Rica Overview Guanacaste, Costa Rica

  3. Why Is Costa Rica Stable In Current Markets • Costa Rica’s real estate market is funded by private capital and foreign buyers. Whereas the market in the United States is critically dependent on high leverage financing products, institutional financing and the job market, all of which have been recently decimated. • During the first six months of 2008, despite slowing US economic growth, as well as rising global food, fuel and airline prices, international arrivals to Costa Rica increased 12% over the same period last year.  This statistic follows a ten year compound average growth rate in arrivals of over 9%. • With the expected explosion of retiring baby boomers, demand for property in Costa Rica , a world “Blue Zone”, is poised for long-term growth driven by lifestyle, climate and health care. • Other popular markets like Mexico are less attractive due to high prices, taxes and crime. • Increase in taxes, general cost of living and health care cost in traditional retirement markets like California, Arizona and Florida make Costa Rica the standout choice in a growing movement towards being a global citizen

  4. Industry Reports on Costa Rica • Financial Times of London named Costa Rica the second most attractive location in Central America and the Caribbean for Foreign Direct Investment (FDI) – August, 2009 • Costa Rica rank #1 Happiest place in the World – July, 2009 • Costa Rica rank #1 in Retirement benefits – Latin World, 2009 • Costa Rica ranked 8th most stable country in the world, March, 2009 • Wall Street Legend Kaufman eyes investment in Costa Rica, April, 2009 • As noted by Jones Lang LaSalle Market Watch, May, 2008: “Costa Rica has emerged as an investment hotspot, boasting a burgeoning upscale and luxury development pipeline. Costa Rica still provides much fertile ground for real estate investors and developers to expand their search for profitable growth” • As quoted by Cornell University Study in 2007 “Our exploration focuses on Costa Rica, which is by any measure an attractive destination that is growing in popularity” • Note: all reports can be made available upon request

  5. Costa Rica & Active Retiree • Costa Rica is one of the five parts of the world -- "Blue Zones" -- where people live measurably longer lives. • Costa Rica has one of the highest standards of living in Latin America. • Oldest and most stable democratic governments in Latin America and has one of the highest literacy rates in the world (95%). • It also has one of the longest life-expectancy rates on earth. • Costa Rica is home to more Americans (per capita) than any other country outside of the U.S. • A delightful, near perfect tropical climate, low violent-crime rate, stable democratic government and a plethora of outdoor activities to partake in year round, Americans seem to have no trouble adopting Costa Rica as their new home. • Costa Rican health care is not only affordable, but widely available to retirees from other countries • No taxes on retirement income.

  6. Four Seasons – Costa Rica 7

  7. The Marina At The Peninsula Papagayo – Opened in 2009 • Peninsula Papagayo, one of the most successful luxury resort brand in Central America today, has opened Phase I of Marina Papagayo. • This is Costa Rica’s first luxury port. • Papagayo’s oceanfront Marina Village will exude the spirit of Costa Rica within a cozy European ambiance similar to Portofino, Italy. • Located on 2,300 acres, the Peninsula Papagayo includes the 153 room-Four Seasons Resort Costa Rica at Peninsula Papagayo, a private 6,788-yard Arnold Palmer signature golf course, the first of three resort courses, a 30,000 square-foot Golf Clubhouse and private members-only lounge and the newly-opened Prieta Beach Club & Spa - an open-air recreation, spa and dining complex with unmatched views of the setting sun.

  8. The Growth Driver: Liberia International Airport (LIR) • Liberia International Airport Opened in 2002 • More and more tourists are flying into Guanacaste instead of San Jose due to the airports proximity to all major beaches and resorts as well as National Parks • Delta, Continental, American Airlines, Northwest, United, US Airways • Non Stops from Los Angeles, New York, Miami, Dallas, Atlanta • Q4, 2008, Houston Airport Systems Development Company was awarded the government contract to expand the airport and will invest $27M. Construction has started.

  9. The RIU at Playa Matapalo, Guanacaste • Opened November, 2009 • Located at Playa Matapalo, Guanacaste, in the north-west of Costa Rica. • Located just south of the Gold Coast Fund Assets • 5 Star Resort with 701 Rooms • 90% Occupancy • Their value proposition: A place where one can enjoy the possibilities offered by the privileged surroundings - relaxation and water activities on the beautiful beaches; diving or fishing in the waters of the Pacific; and eco-tourism in the volcanic areas and natural sanctuaries. 10

  10. CR Development Group Company History & Overview • In 2004, after a two year evaluation of Hawaii, Mexico, Bahamas, Bermuda and the Caribbean, CR Development Group makes its first investment in Costa Rica • CR Development Group (CRDG) moves to Costa Rica full time in 2005 • In 2005, CRDG acquires 140 acre parcel known today as Coco Bay Estates • CRDG hires Jose Ortiz as our Chief Project Manager. Mr Ortiz was instrumental in the largest, most successful, luxury development today in Costa Rica called Peninsula Papagayo and Four Seasons Resort • CRDG established Advisory Board and current network ranges from top political figures in Costa Rica, business leaders, banking leaders and head of US Embassy • CRDG brings to market a unique sales and marketing strategy and quickly becomes the leading end product sales company in the region • CRDG has completed due diligence, acquisitions and option agreements on multiple properties and resorts ranging from one acre parcels on the beach to an $80,000,000 existing 5 star resort • CRDG targets two primary businesses: Land Development and Hospitality • www.crdevelopmentgroup.comwww.cocobayestates.com

  11. CR Development Group - Partners 12

  12. Coco Bay Estates • Ideally situated on 139 acres overlooking Playas del Coco & Ocotal, Coco Bay Estates is a full-amenity resort development of 100 home sites and 240 condominiums • Fully entitled and approved for 400 homes with necessary utilities and services to support the building program already under construction • Eco-friendly design, layout and pre-construction sales success make this a “can’t miss” development, perfectly timed to take advantage of ever-increasing demand for an under-served demographic looking for higher end “resort living” property close to traditional Costa Rican culture Project Type: Resort Development Location: Playas del Coco Guanacaste, Costa Rica Size: 139 Acres (240 condominiums and 100 single family home sites)

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  14. Segovia • 54 Luxury units located within Coco Bay Estates • Finished units being delivered • Highest quality units in Guanacaste positioned as a “value investment” • Utilized the same company that built the Four Seasons – Edificar Project Type: Condominium Units Location: Coco Bay Estates Playas del Coco Guanacaste, Costa Rica Size: 5 Acres and 54 Units 3 Bedroom units 2120 square feet 2 Bedroom units 1575 square feet

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  16. The Club at Coco Bay • The Club at Coco Bay offers Tennis, Fitness Center & a gorgeous pool • Coco Bay Estates resort lifestyle is all about relaxation, family, friends and fun —and having lots of exciting activities to enjoy - everyday • Whether you're passionate for tennis, working out at the gym, swimming, yoga or ocean sports, The Club at Coco Bay Estates offers all the options to get you out into our big, beautiful, tropical world Project Type: Tennis & Fitness Club & Beach Club Location: Coco Bay Estates Playas del Coco Guanacaste, Costa Rica Size: 5 Acres parcel dedicated to amenities Status: 7,000 sq ft Club House under construction 2 Tennis Courts completed Large tropical pool under construction Fitness, Spa and Commercial

  17. Timing & Location – especially in current global markets • Strong well established team in Costa Rica • We know the process and have the right contacts to execute • We live here and are involved in each project - daily • We have a multi-year track record • Our reference list of investors, clients, service providers, business leaders & political contacts • We know how to make it happen and we do

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