Bogotá - Colombia

Not what you expect.

Population: 47,846,000 3rd in South America GDP: 378 billion, 2nd in South America Language: Spanish Capital: Bogotá 32 Provinces (states) South America´s oldest democracy Size – 439733 sq miles. United Kingdom, France and Germany combined. Currency – Colombian Peso (COP) Location – Only South American country with Atlantic and Pacific Coastlines. 3200

km of Beach! Colombia is the United States best friend in Latin America Security – Dramatically improved since 2002 Religion – 95% Christian Tourism – Up 5-10% per year this decade and 14% in 2014 Lifestyle – Strong sense of community and family Biodiversity – 340 different ecosystems, 1879 species of birds, 5 climate zones,

11% of the country is national park.

Colombia – At a glance

Colombia - the comeback story.

Plagued by an outdated reputation, Colombia is trekking its way from the trenches of drug wars, violence and civil struggles to a booming metropolitan and tropical paradise. For the first time in decades, Colombia is quietly climbing onto the world stage.

Looking behinds the scenes, it becomes clear how the Colombian people are achieving this incredible growth.

A young and hard-working population

Total number of higher education graduates 1960-2010 in Colombia

Double the amount of graduates every decade.

Unemployment RateLowest in 15 years

A booming middle class• Colombia's middle class grew by 50% in the last decade. World Bank

Report 2014.[1]

• A 2015 Bank of Inter-American Development study showed 55% of the Colombian population is currently in the middle class. Over the past 4 years 4.4 million people moved above the poverty line. [2]

• Current administration recognizes the 28.5% in poverty and 8.1% in extreme poverty is too high and plans on producing 2.2 million additional jobs in the next 3 years and reducing unemployment to 8% from its current level of 8.9%. Current unemployment rate has halved in 10 years. [3]

• 77 Shopping center developments planned in the next 4 years, particularly in secondary and tertiary cities. [4]

Responsable monetary and fiscal management has given Colombia 60 years of uninterrumpted growth.

2010 2011 2012 2013 2014* 2015*37.0% 35.7% 32.0% 35.8% 34.0% 33.1%

Public debt (General government gross debt as a % of GDP)

Public debt (General government gross debt as a % of GDP)

Falling oil prices are increasing the speed of the economic diversification.

• Export diversification and increased support at small to medium levels

• Tax Reform• Formalization of labor markets

• Infrastructure Investment• Localized investment• Reducing income inequality• Pension Reform

2014

Consistently well ranked in ease of doing business and investment protection studies.

Buying a property as a foreigner in Colombia gives you equal property rights of a local.

Increasing FDI in a wide variety of sectores outside of Oil & Gas.

928+ direct international flights to Colombia every week.

• 137008 available seats each week from international markets towards Colombia

• 22 different airlines operating internationally

• 24 countries with direct international flights to Colombia

Number of visitors to Colombia grew 11.9% in 2014. That is 6% more than the global average and 4% higher than other countries in the Americas.

Incredible growth in international arrivals each year…the secret is getting out.

Pros - Colombia Friendly people Democratic country Good infrastructure (constantly

improving) Diverse lifestyle options High Culture and Luxury 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 3½ hours from Miami International Hub of the Americas 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

Cons - Colombia

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 still operating in 2 provinces Gang problems in poorer “barrios” Locals tend not to show up on time for appointments Slow lines at banks and public facilities

BogotáBo·go·tá

Vital Stats• 2640 meters above sea level (8661 ft)• Dry, warm summers & mild winters. Average 19°C or

66°F• Geographical heart of Colombia and the Americas • 14 million Habitants in Metropolitan Area (30% of the

Colombian population)• Home of El Dorado International Airport – 1st in cargo

volume and 3rd in passenger volume in Latin America. Transports 68.3% of all visitors to Colombia.

• GDP Bogotá: 90 Billion USD• GDP per capita: US$12,000 • 54% of all financial transactions in Colombia are made

in Bogota• Principal destination for 51.2% of all visitors to

Colombia.

Bogota Highlights

• Often referred to the ´Athens of South America´with 58 museums, over 150 art galleries, 33 library networks, 45 stage theatres, 75 sports and attraction parks, and over 150 national monuments

• The Bogotá Philharmonic is the most important symphony orchestra in Colombia, with over 100 musicians and 140 performances a year; The Cristobal Colon Theater, the Country's oldest Opera House, opened in 1892.

• The unrivaled spectrum of fruits and vegetables, variety of international and Colombian restaurants, the interesting choices of fresh-baked breads and pastries, soups, the world famous Colombian coffee, hot chocolate and aromáticas.

• A city big enough to avoid the “Gringoland” effect. Blend in with the international and local crowds and find a community that suits you.

• The best healthcare in the Americas (as ranked by the World Health Organization –and despite some of the same challenges affecting healthcare systems globally).

• A short distance from a surprising amount of year-round golf courses, private clubs, horse riding trails, fishing options, campgrounds , rock-climbing and rappelling, hiking and extreme sports activities.

• Over 5000 parks. Innovative recreational and social initiatives lead by the city.• Has been a South American economic stronghold since the Muiscan Confederation controlled the

area with agriculture, gold and manufacturing. Considered to be one of the most powerful economies and societies in the American Post-Classic Stage.

7 days in BogotaDay 1 - La Candelaria, a quaint, colonial historic district, Gold and Botero Art Museums, world-famous emerald district, exquisite churches and museums, Plaza Bolivar, eccentric boutiques, cafes and restaurants. Bogota Bike Tour if you want to go into express mode. Cable car to Monserrate for sunset and ajiaco a dizzying 500 meters above Bogotá.Day 2 - Breakfast in a gourmet panaderia (Bakery) with a tinto (Coffee) or hot chocolate and cheese if you are feeling game. Lunch in La Macarena, a bohemian restaurant district with local and a broad mix of international cuisine. Walk down to the Museo National to see an excellent collection of archaelogical artefacts, or the current exhibition. Get some sunshine by a walk through Parque Nacional, or grab a relaxing afternoon tinto in ParkWay. It´s Tuesday night, head to La Villa for the free language exchange that turns into a cross-cultural party. Day 3 - More sightseeing in La Candelaria - visit the Palacio de San Carlos at Calle 10 and the Biblioteca Luis Angel Arango at Calle 11 - check listings for free classical concerts in the grand concert hall here. Nearby, the Donacion Botero Museum has an art collection that includes works by Picasso, Monet and Dali. Check out why Bogota is at the top of the street art scene with the Bogota Graffiti tour. Have lunch or dinner at Cafe Pasaje, at Cra 6, which sits on a picturesque square and is a great spot for relaxed eating and drinkingDay 4 - Day trip to the surrounding areas of beautiful high-mountain terrain around Bogotá. Head to Lake Guatavita and learn of the pre-Columbian sacred folklore. Spend the afternoon touring the Salt Cathedral of Zipaquira, an 8000m² underground church inside a Salt mine. Day 5 - Start of the day with a short hike called Quebrada de la Vieja. A 45 minute walk through jungle and creeks that rewards you with a viewpoint overlooking the humming cityscape below. Meander down the creek until you get to Zona G, the world-class Gastronomic Zone of Bogotá. Filled with restaurants, wine bars and international pastry shops, your palate will be pleased! It´s Friday, head over to Zona T for some afternoon shopping and later spend the evening at the eccentric Andres de Res DC restaurant that defines the Colombian passion for food and dancing. There are few cities that rival Bogotá for its feverish love of nightlife and a good old fashioned rumba!Day 6 - Spend the morning walking around Parque de la 93. Grab a traditional caldo if your head is sore from the night before. Later on, an ice cream in Parque Virrey. Head over to the Botanical Gardens or check listings to see which of the hundreds fairs or festivals is currently happening. Enjoy dinner in Gaira, a lively restaurant/bar owned by Colombian Latin Pop/rock star Juanes. Bogotá has famous nightlife, try some aguardiente and dance!Day 7 - Enjoy the Sunday morning markets of Usaquen, browsing artesanels and crafts from traditional groups all over Colombia, followed by an delicious lunch overlooking the cobblestone streets. Rent a bicycle and enjoy the Ciclovia for a pedal tour of the city with no automotive traffic.

Security• Since 2002, the Presidency of Alvaro Uribe, a surging economy and a plummeting

unemployment rate has caused crime to drop significantly. Homicide rates in Bogota are around the average for the Americas.

• The 40 year ´War on Drugs´ has squeezed violence to various areas of Latin America. By the late 90s, Colombia had 90% of production. Crop eradication and policy efforts have now pushed the majority of production to Peru and Bolivia. Today, the FARC are on the retreat and the big cartels have long gone, but the lucrative trade has been taken over by a network of underground mini-cartels and demobilized paramilitaries. Operating away from large populations under the radar.

• Violence like this skew crime statistics for the general population and paint a different picture for foreign eyes. Everyday life for foreigners in Bogota is safer than many different US cities.

• The security landscape of the city is very different from 15 years ago when a handful of neighborhoods were perceived as ´safe´. Now, the vast majority exist without violent crime. As with any big city, care should be taken at certain times of the night in certain areas.

• Bogota has traditionally had Colombia´s lowest homicide rates as it is not a strategic location for drug traffickers and has long boasted some of Colombia´s lowest poverty levels.

Transport 30% of the public budget will be dedicated, in the coming four years, to

diversifying the city’s sustainable modes of transport

Transmilenio system replicated by 57 citiesWorldwide. 1.8 million users daily. 87km dedicated road, 663km of feeder routes. Coming Soon: 2 Metro-Cables and

Underground Metro System.

Pilot test of electric taxis currently underway to update current fleet of 52000 taxis in the city. 80% reduction in

green house gasses and 50% less maintenance.

Ciclovia – 127km of roads closed to automotive traffic on Sundays and Holidays, to give way to 1 million people

enjoying sport and recreational activities. 500,000 and growing number of daily commuters on

bicycle using 376km of dedicated corridors.

Why Bogota?• Economic Strength – Average GDP growth 4.7% over the last 10 years. It is home to 54% of

the medium to large businesses in Colombia. • Human Resources – 100,000 High Education graduates per year, 30,000 of which are post-

graduate. Bogota awards 44% of the Ph.D´s and 33% of technical degrees in Colombia. Bogota is home to 6 of the top 100 universities in Latin America. A young and skilled, 4.5 million strong workforce.

• Ease of Doing Business Ranked 3rd best Latin American city for investment by Financial Times. Conducive business environment. Invest in Bogota organization ranked as best investment promotion agency in the world.

• Strategic Location - 5 hour flights from New York, Mexico City and Sao Paulo, with 30 direct international connections. Amsterdam and London are the most recent direct flight additions.

• Competitive Costs – Competitive human resource costs that are below that of Buenos Aires, Lima and Santiago.

• Corporate Services and Spaces - Bogota provides a world-class standard of legal, accounting, taxation and financial services. It also has 50 industrial parks with excellent spaces for warehouse and manufacturing.

It´s the emerging epicenter of Business in Latin America

Upcoming Events in Bogotá• International Theatre Festival of Bogota• EuroCine Festival• Dancing in the City Festival• International Book Fair • Festival Rock Al Parque• Festival Salsa Al Parque• Festival Jazz Al Parque• Festival Opera Al Parque• Festival Hip Hop Al Parque• Festival Colombia Al Parque• Bogota Es Mozart Festival• International Music Festival• Vitrina Turistica Tourism Fair• 18th Blues and Jazz Festival• Estereo Picnic Music Festival

• Festival de Verano - Bogota Summer Festival • Bogota Wine & Food Festival• ExpoMarketing Marketing Conference• 5th Oil and Gas Conference & Exhibition• XII Feria Internacional Expoconstrucción y Expodiseño en Bogotá• 6th International Photography Festival• World Travel Awards in Bogotá• ARTBO - International Art Fair• BogoShorts- Local and International Short Film Fair• Pan-American Congress of Ophthalmology 2015 • United Cities and Local Governments (UCLG) World Congress • Annual Meeting of Latin American Dermatologists• DrupalCon Latinoamérica• 8th World Congress for Diabetes Prevention• Spanish World Debate Championships• 4Life Convention• Alimentarte Food Festival• Cirque de Soleil – Corteo

The institutions are catching on.

Bogotá is the financial heart of ColombiaGDP Bogotá: $221 Billion USD

Bogotá Tourism• In 2013, Bogotá surpassed 1 million international tourists

for the first time. (19% annual increase)– Tourism/Recreation: 60%

• Bogotá receives 52% of Colombia’s international tourists.• High average accomodation Tariffs in the country ($250 000

COP/ $105 USD Daily) • Currently receives 7 million domestic tourists

– Business and Work: 50%– Visiting Family: 24%

Who We AreColombia International Real Estate was founded and created in Bogotá to raise real estate investment services and information to an international standard. - Bi-Lingual, international team - Real estate entrepreneurs who think outside the box and are not afraid of

a challenge- Local rates, world-class service- Proven Track Record

Samuel MillerFounder, Managing Partner

Sebastian RomeroFounder, Managing Partner

Investment Opportunities

• Furnished Rental Income: 8-12% Annual ROI + Appreciation (standard local ROI expectation is 4-5% unfurnished)

• Residential Development: 30-50% ROI• Refurbishment of neglected properties• Affordable student housing in Chapinero

Why Us?• We understand foreign cultures and what level of service and

communication your expect. • By building an honest and trustworthy team, we work to raise the

standard of professionals in the industry. • Flexible enough to tailor client service solutions.• Our understanding and connections to the local players, allows us to

achieve what we set out to do with minimal headaches and navigate bureaucratic obstacles.

• One stop shop.

Buying Process/Costs

• 3% Broker commission is paid by seller. • Buyer Fees

– Property Registration: 1.5%– Notary Fees: 0.03%– Legal Fees: 0.4 -0.5%

• Total: Approximately 2%

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

be done prior to showings) 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 1-2 weeks after closing.

The Strata System

Barrios are rated by Stratas numbered 1-6. Higher stratas subsidize lower stratas through taxes, utilities and HOA fees. Important to keep in mind when calculating cost of

living/investment expenses.

Most Popular Neighborhoodsfor the International crowd

Strata 5-6 Favorites• Zona G• Parque Virrey• Chico (Parque 93)• Chapinero Alto• Unicentro• Zona T• Rosales• Cabrera• Usaquen • Santa Barbara

Strata 3-4 Favorites• Chapinero Bajo• Centro• La Macarena• Centro Internacional• Parkway• Teusaquillo• La Soledad• La Candelaria (Strata 1 Patrimony)• Cedritos

Market Perceptions• Very specific areas of the city are viewed as best places to live

in Bogotá by foreigners and locals. Clear trends are evident.• Locals perceptions are that a handful of suburbs are ´exclusive

´and ´safe´. The reality is the vast majority accomodate great quality of life.

• When prices in the most exclusive suburbs reach a certain point, buyers look to neighbouring neighborhoods.

• Many sellers in the market can be stubborn and patient, justifying over-priced properties with phrases like “prices have gone up a lot in this area” or “my neighbour sold for $xxx per meter last month”.

Bogotá has 20 localities, or districts, forming an extensive network of neighborhoods. Areas of higher economic status tend to be located to the north and northeast, close to the foothills of the Eastern Cordillera. Poorer neighborhoods are located to the south and southeast. The middle classes usually inhabit the central, western and northwestern sections of the city.

Bogotá Real Estate Prices 2014

Bogotá Real Estate Prices 2015

• 15 years ago, just 2 zones were dark blue, around Parque 93.• Caracas Avenue and Autopista define very clear directions of progress. • North of the blue cluster is appreciating well, but slower due to distance

from Chapinero, Parque 93, Centro, and the Financial Center. • Southern end of the blue cluster is appreciating faster and is centrally

located between exclusive north and Centro undergoing redevelopment. • Increasingly wealthy middle-class to the west and 2 million Colombian

migrants to the city will support housing demand in these central areas for the next 2 decades.

• By 2022, 586000 residences are on track to be built. 110000 residences too few as 1 million new residents will arrive (the population of Cartagena) . Additionally at current density of construction, Bogotá needs 4624 Hectares to build. In 2015, less than 2000 Hectares are available (*)

High Growth AreasShort Term (0-4 Years)• Quinta Camacho• Zona G• Chapinero Alto• Park Way• La Macarena• Bosque Izquierda• Teusaquillo• Usaquén• Centro• La Castellana

Medium Term (5-10 Years)• Chapinero Bajo• La Soledad• Galerias• Santa Fe (Centro Bajo)• Polo• San Felipe• Mártires• Puente Aranda

Strata 3 Property Example

Size: 25.18m²Bedrooms: 1Bathrooms: 1Price: $49 545 USDPrice m²: $1967 USDLocation: Calle 57 y Carrera 15, Chapinero BajoNet ROI w/out appreciation: 12.77%

Furnished Rental Income CalculatorStrata 3 Example

Purchasing Costs

Purchase Price $135,000,000.00Square Meters of Property 25.18

Sales Tax $2,025,000.00

Notary Costs $234,900.00

Miscellaneous (Documents) $600,000.00

Total Purchase Costs $137,859,900.00

Price per Square Meter $5,361,397.93Initial Furnishing costs

Furniture** $15,000,000.00Renovation Costs $0.00

Administration payments (while vacant) $0.00

Total Furnishing Costs $15,000,000.00Rental Costs

Monthly Administration $160,000.00Monthly Utilities TotalMonthly Property Tax (Impuesto Predial 0.03-0.05%) $33,750.00One time rental commission 0.00Rental Commission Percentage 0.00

Total Annual Costs $2,325,000.00

Total Monthly Costs $193,750.00

Profitability Potential

Annual Capital Growth Appreciation Rate** 7%

Monthly Rental Price $2,600,000.00Occupancy Percentage 70.00%

Average Gross Monthly Rental Income *** $1,820,000.00

Total Monthly Costs $193,750.00

Total Investment$152,859,900.0

0

Annual Gross Rental Income $21,840,000.00Monthly Net ROI (%) 1.06%Annual Net ROI (%) 12.77%

Annual Net ROI ($) $19,515,000.00

Annual Net ROI with Appreciation (%) 19.77%

Strata 4 Property Example

Size: 73m²Bedrooms: 2Bathrooms: 2Price: $149 000 USDPrice m²: $2040Location: Calle 64 y Carrera 7, Zona G / Chapinero Alto

Furnished Rental Income CalculatorStrata 4 Example

Purchasing Costs

Purchase Price$360,000,000.0

0Square Meters of Property 73.00

Sales Tax $5,400,000.00

Notary Costs $626,400.00

Miscellaneous (Documents) $250,000.00

Total Purchase Costs$366,276,400.0

0

Price per Square Meter $4,931,506.85Initial Furnishing costs

Furniture** $16,000,000.00Renovation Costs $0.00

Administration payments (while vacant) $0.00

Total Furnishing Costs $16,000,000.00Rental Costs

Monthly Administration $450,000.00

Monthly Utilities Total $350,000.00Monthly Property Tax (Impuesto Predial 0.03-0.05%) $90,000.00Rental Commission Percentage 0.00%

Total Annual Costs $10,680,000.00

Total Monthly Costs $890,000.00

Profitability PotentialAnnual Capital Growth Appreciation Rate 8%

Monthly Rental Price $3,850,000.00Occupancy Percentage 75.00%

Average Gross Monthly Rental Income $2,887,500.00

Total Monthly Costs $890,000.00

Total Investment $382,276,400.00

Annual Gross Rental Income $34,650,000.00Monthly Net ROI (%) 0.52%Annual Net ROI (%) 6.27%

Annual Net ROI ($) $23,970,000.00Annual Net ROI with Appreciation (%) 14.27%

Strata 5 Example

Size: 84m²Bedrooms: 2Bathrooms: 2

Price: $195 000 USDPrice m²: $2321 USD

Location: Calle 118 & Carrera 16, Usaquen

Furnished Rental Income CalculatorStrata 5 Example

Purchasing Costs

Purchase Price$500,000,000.0

0Square Meters of Property 84.00

Sales Tax $7,500,000.00

Notary Costs $870,000.00

Miscellaneous (Documents) $250,000.00

Total Purchase Costs$508,620,000.0

0

Price per Square Meter $5,952,380.95Initial Furnishing costs

Furniture** $18,000,000.00Renovation Costs $0.00

Administration payments (while vacant) $0.00

Total Furnishing Costs $18,000,000.00Rental Costs

Monthly Administration $380,000.00

Monthly Utilities Total $350,000.00Monthly Property Tax (Impuesto Predial 0.03-0.05%) $125,000.00Rental Commission Percentage 0.00%

Total Annual Costs $10,260,000.00

Total Monthly Costs $855,000.00

Profitability Potential

Annual Capital Growth Appreciation Rate** 6%

Monthly Rental Price$5,000,000.0

0Occupancy Percentage 75.00%

Average Gross Monthly Rental Income ***

$3,750,000.00

Total Monthly Costs $855,000.00

Total Investment$526,620,000

.00

Annual Gross Rental Income$45,000,000.

00Monthly Net ROI (%) 0.55%Annual Net ROI (%) 6.60%

Annual Net ROI ($)$34,740,000.

00

Annual Net ROI with Appreciation (%) 12.60%

Strata 6 Example

Size: 139m²Bedrooms: 2Bathrooms: 3

Price: $370 530 USDPrice m²: $2665

Location: Calle 90 y 9, Cabrera

Strata 6 Example PropertyFurnished Rental Income Calculator

Purchasing Costs

Purchase Price $920,000,000.00Square Meters of Property 139.00

Sales Tax $13,800,000.00

Notary Costs $1,600,800.00

Miscellaneous (Documents) $250,000.00

Total Purchase Costs $935,650,800.00

Price per Square Meter $6,618,705.04Initial Furnishing costs

Furniture** $20,000,000.00Renovation Costs $0.00

Administration payments (while vacant) $0.00

Total Furnishing Costs $20,000,000.00Rental Costs

Monthly Administration $750,000.00

Monthly Utilities Total $500,000.00Monthly Property Tax (Impuesto Predial 0.03-0.05%) $230,000.00Rental Commission Percentage 0.00%

Total Annual Costs $17,760,000.00

Total Monthly Costs $1,480,000.00

Profitability Potential

Annual Capital Growth Appreciation Rate** 6%

Monthly Rental Price$8,500,000.0

0

Occupancy Percentage 75.00%

Average Gross Monthly Rental Income ***

$6,375,000.00

Total Monthly Costs$1,480,000.0

0

Total Investment$955,650,800

.00

Annual Gross Rental Income$76,500,000.

00

Monthly Net ROI (%) 0.51%

Annual Net ROI (%) 6.15%

Annual Net ROI ($)$58,740,000.

00

Annual Net ROI with Appreciation (%) 12.15%

Cost of Living USD ($) - Purchase

Strata 3-4

Strata 3-4 Strata 5-6

Rent $0 $0

HOA/Administration Fee $145 $220

Property Taxes $40 $105

Transportation $85 $100

Gas $10 $20

Electricity $50 $80

Telephone $15 $20

Internet $25 $30

Cable TV $25 $30

Household Help $60 $70

Food $400 $400

Entertainment $300 $300

Health Insurance $60 $60Miscellaneous $100 $100

Total Monthly $1315 $1535

Cost of Living USD ($) – Unfurnished Rental 2 BRStrata 3-4 Strata 5-6

Rent $600 $900HOA/Administration Fee $0 $0Property Taxes $0 $0Transportation $85 $100Gas $10 $20Electricity $50 $80Telephone $15 $20Internet $25 $30Cable TV $25 $30Household Help $60 $70Food $400 $400Entertainment $300 $300Health Insurance $60 $60Miscellaneous $100 $100

Total Monthly $1315 $1535

Commercial Investment Opportunity

• 15 Unit Boutique Aparta-Hotel with sauna in premium neighborhood of Bogota (610 sq mtrs)

• Building Purchase price 1,500,000,000 pesos ($550500 USD) if closed in 3 months

• Total Investment: 2,892,500,000 COP ($1,112,500 USD)

• Rental Income: 9% Preferred (annual)

• Equity Upsides: 16-17% (one time upon sale)

• Favorable exchange rates and appreciation

We are seeking one investor to lock down this investment for the purchase of the building (1500,000,000 pesos or $550 000 USD). Soon, it may be also opened up for crowdfunding investment ($50K USD minimum). If you are interested in equity shares, we need to know your interest by sending us an email. We will send you with more details financial information: Capital Contributions summary, floor plans, rental income summary, and returns summary.

If you have been looking for an opportunity to get involved with the Bogotá real estate market, your chance is here. This is a passive, equity + cash flow investment.

• We are proud to present our Urban Heights project located on Carrera 4 y Calle 58 in Chapinero Alto, in partnership with First American Realty Medellin (FARM). Combined with our local experience, partners and the impressive portfolio of FARM´s similar projects in Medellin (9 successful, completed projects funded by over 100 investors since 2011), we have identified a very interesting opportunity to create value in the form of equity and cash flow. After extensive due diligence, we have decided on the building below which is 610m² (6563 sq ft), on a 242m² (2604 sq ft) lot, consisting of a large apartment on 3 floors and a garage level on the ground floor. Buying 610m² constructed doesn´t make sense for a 242m² footprint for a developer. The building regulations don´t come close to making demolishing and building new construction profitable. This is the main reason we were able to secure the property at $2.45 million per m² when the average of older construction in the Chapinero Alto area is 5.7 to 5.9 Million per m² as you can see here. Structurally the building is sound and the views are incredible. This is an opportunity to create value in the market that provides the highest returns and one we know best; short term furnished rentals.

How can we do this? We have assembled a team of partners with strengths in each stage from the design/construction to the property marketing & management who do what they do best, create value and generate unprecedented occupancy rates. The conversion will involve turning 3 spacious but dull apartments into 15 modern value-luxury apartastudios. At a starting average tarifa of $139 000 pesos a night, we will be providing a level of professional comfort and accommodation not seen before in the area.

• "The Fords, the GMs, Mitsubishis see Colombia as a growth market. People have money to spend," says Eric Farnsworth, vice president of the Council of the Americas

• ¨While Brazil and Argentina -- South America's other major players -- sputter, Colombia is surging ahead.¨ CNN Money

• "It's just a different country," says Farnsworth. "For those people who still have the Miami Vice impression of Colombia, they would be shocked to see where Colombia is today.“

Inquiries

Email: info@colombiainternational.coCel: (+57) 3203756521

Want to learn more?• 21 MEGA Projects happening now in Bogotá• BBVA Colombia Investment Report• February 2015 Investment Update and OECD

Review