August 30, 2010
The Americas Group Real Estate LLC has acquired 1,290 acres of land in Merida, Mexico in the Yucatan region to develop a health care/wellness oriented, popularly priced retirement community in partnership with Pedro Aspe, the former Finance Minister of Mexico and two of the largest community developers in the country. This development will be used as a prototype for other proprietary retirement communities in different regions of Mexico to address the approximately 78 million U.S. baby boomers who are approaching retirement.
We believe that with the recent decline in the value of personal assets and net worth coupled with spiraling U.S. healthcare costs and the high price of living expenses that a considerable percentage of this population group will consider moving and retiring to a hospitable country like Mexico which can provide a quality of life and services at a much reduced cost. We intend to target the moderate fixed income segment and make it user friendly for them to test the lifestyle change by offering rental opportunities which leave them with the option of returning to the U.S. if they are not satisfied or in the case of being satisfied they will be offered an opportunity to buy.
This project is an example of The Americas Group’s creative and practical solution to the difficult challenges of living in today’s new economic environment.
Howard Glicken Frank C. Weed
The Americas Group The Americas Group Real Estate LLC