New Partnership Seeks to Reform Real Estate in Latin America

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    Liberia, Costa Rica, August 28, 2009 –(– Craig Williamson, President of ERA Real Estate in Latin America and Chairman of the Green Building Council of Costa Rica, and Frank Biden, brother of U.S. Vice President Joe Biden and Director of a major philanthropy in Central America that provides pediatric aids relief, homes and scholarships for the poor, are headlining a multilateral partnership between ERA Real Estate in Latin America, Cygnus International and the Guanacaste Country Club. The goal of this partnership is to call on resources available to the companies and individuals to reform the social, economic, and environmental practices of real estate developers across the world by example.

    “Now that I am involved with Craig Williamson as a business partner and friend, I want to bring that same spirit of giving and service to everything we do. Not only is it the right thing to do as a developer in the local community; it is intensely practical from a business standpoint. Prioritizing the health and wellbeing of employees, members of the local community and protecting the breathtaking beauty that is Costa Rica is a money maker”, Biden said. Their goals include leveraging the Green Building Council chapters to promote sustainable building practices and socially sensitive development in Latin American countries.

    The LEED Platinum rated Guanacaste Country Club, the only LEED certified clubhouse in Latin America, is a luxury development designed to operate on a logical pricing model while internalizing wealth in the region. Mr. Williamson said that “by adhering to our core principles of integrity, socio-environmental responsibility and technological innovation; we want to build a relationship of trust with our customers and neighbors in Guanacaste. As a derivative of those principles, we have created our logical pricing model, which bases its price on fundamental equity value rather than artificially inflated market values.”

    He explained that the current model of luxury home sales creates an artificial barrier by increasing the price based on the “luxury” title, while logical pricing focuses on the actual value of the home and places the price within the means of prospective buyers. This logical pricing model is made possible due to the large scale of the development, so costs are reduced and passed on to the buyer. Another result of the creation of the Guanacaste Country Club is that it will generate a wealth of new employment opportunities during development, as well as permanent positions in staffing.

    “The GCC, ERA Real Estate in Latin America, Cygnus International and all of the companies and organizations involved in this mission are dedicated to the same objective: to create better way of doing business for customer and community and spread this business model by showing that doing right is the morally and financially sound decision,” Williamson said. Plans to involve strategic real estate, governmental and banking institutions in Latin America throughout construction and operation of the GCC will streamline the development phase and provide better opportunities for investors locally and abroad.

    “Engagement and entrepreneurship are 21st Century concepts to be propelled by technology and the new paradigm linking development with social justice,” Frank Biden said. Mr. Williamson added, “There is also a great and growing demand for sustainable homes as environmental awareness and energy prices rise. We are filling that demand by using the latest technology and techniques to create an eco-friendly community in this slice of paradise. Sustainability is the natural and only future option in society, and consumers and investors alike are coming to that realization. I’ve always held that doing well without doing good is an aimless pursuit, so I want to do whatever we can to move society in this direction sooner rather than later.”


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