Press Release

Retirement Dollar Goes Farther on Mexican Riviera: Boomers Head South in Favor of Value and Lifestyle

Luma, Mexico's First Beachfront Active Adult Community, Offers Affordable Quality Luxury
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Posted 19 November 2008 @ 06:00 am ET

BURBANK, CA -- (Marketwire) -- 11/19/08 -- Beaches, beautiful weather year-round, and easyliving are what most retirees envision for their golden years. Yet a highprice for that picture perfect beach home in many popular American sunbeltlocations -- along with today's financial turmoil -- means that retirementdream may be quickly fading. So what are the options?

Many baby boomers are heading south of the border where not only arebeachfront homes easily 50 percent less than in the U.S., but the culture,lifestyle and resort-style communities are all very attractive.

Luma, the first Americandeveloped, full-ownership, active adult beachfront community in NuevoVallarta, Mexico, will be a vibrant resort-living community for those 50years old and over. Phase One opensin late 2009 with spacious, quality-built luxury beachfront condosstarting at $500,000.

In addition to real estate value, buyers are attracted to the quality oflife in Mexico. For the second year, Mexico was ranked as the number-oneplace to retire by International Living Magazine -- and for good reason.The pace of life is slower in Mexico, and it offers great weatheryear-round, top-notch healthcare, plenty of old-world charm with modernconveniences like high-speed Internet, VOIP, and big brand stores. Inaddition, Mexico, and Puerto Vallarta in particular, boast superioraccessibility via direct flights from major cities in the U.S. and Canada.

Luma embodies this Mexican quality of life and offers luxury amenities such as asaltwater infinity pool, fitness and wellbeing center, oceanfront dining,and a unique Personal Lifestyle Concierge Program. Its location withinParadise Village also provides residents access to championship golf,sports clubs, spas, restaurants and bars, and shopping.

"Beyond lifestyle and price, buyers should pay close attention to qualityand security," said Bill Jennings, president of the Burbank-based FrontPorch Active Adult Communities, a partner developer. "Our vision is todeliver on quality: everything from superior construction to securedparking, to top-end finishes so our 50-plus residents can enjoy fine livingin one of the most popular destinations in Mexico."

Construction quality can vary widely in Mexico. Buyers should ask about thedeveloper and buildingdetails. At Luma, meeting the highest construction standards comparable totop-rated buildings in the U.S. is a key priority.

Developed through a partnership between two established companies known forhigh-end product, U.S.-based Front Porch Active Adult Communities andMexico-based Grupo Krone, Luma's quality is in the details. For example,windows are double-paned and hurricane rated; the AC systems in each unithave built-in dehumidifiers; closet doors have air-circulation vents; thedeep underground pile foundation is built to American earthquake standards;the water is filtered and purified property wide; and walls and floors arebuilt to resist the effects of humidity and block sound. The finishes areequally high quality, including 11- to 13-foot-high ceilings, gourmetkitchens, open concept floor plan with a foyer, living room with a naturalstone wall, and large wrap-around terraces.

Buying beachfront realestate in Mexico is another consideration and it is straightforward. Inrecent years, the Mexican government went to great lengths to make buyingand owning property easier for Americans and Canadians. In addition,today's sales representatives in Mexico are skilled in helping buyerseasily navigate the process.

"As baby boomers plan their retirement in today's volatile market, valueand security in addition to lifestyle are critical considerations,"concludes Jennings. "But good options are out there where boomers can baskin the many benefits of living in Mexico's Riviera sunshine."

About Luma

On the beach of Banderas Bay, Luma will encompass seven 10-story towersshowcasing bold Mexican architecture. The towers are planned so eachcondominium will have views of the ocean to the west and mountains to theeast.

Luma will include 264 beachfront homes, along with many community servicesand amenities for active adults aged 50 plus. Phase One is scheduled toopen to Luma's first residents in fall 2009. Pricing ranges from USD$500,000 to $2 million.

For more information, call the Luma sales team toll-free at 1-866-554-LUMA(866-554-5862) from the U.S. and Canada or 01-800-123-LUMA from withinMexico; visit www.LumaLiving.com;or visit the sales studio and model home.

Front Porch Active AdultCommunities, LLC is a Burbank, California-based company dedicated toenhancing the lives and lifestyles of active adults by offeringresort-style communities with a broad range of amenities and services that'celebrate the art of the individual.'

Grupo Krone is a housingand land development company with 21 years of experience and a diverseportfolio of award-winning developments throughout Mexico and the U.S.

As partners, Front Porch Active Adult Communities and Grupo Krone believein the importance of developing communities that are economically sound,environmentally responsible and supportive of a community spirit.

Editor's note: Photos, renderings of the property and model home as well asa sidebar on buying property in Mexico are available upon request.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=877697

For more information contact:Kate RapsonGraham & AssociatesEmail Contact(415) 986-7212


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