Developer Diaries: Manuel Antonio Villa 5 & 6 – Mistakes and lessons learned
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The number one Costa Rica real estate and investment podcast, bringing you experts from all over Costa Rica.
Richard Bexon
Good afternoon, guys, and welcome to episode 304 of Costa Rica Real Estate and Investments, with me, your host, Richard Bexon. Today is a Developer Diaries conversation.
Jake and I will be covering the finished product now of Manuel Antonio Treehouse Villas, looking at Villa 5 and Villa 6, and kind of what we learned throughout the whole process of Villa 1, 2, and 3, how we made changes in Villa 4, and then also Villa 5 and 6, and some of the mistakes and lessons learned, because there were mistakes, guys, that’s for sure. And then how we’re parlaying that into our new development at Arenal Ridge in Arenal. Remember, if you’re interested in investing with us, we don’t have anything in Manuel Antonio available at the moment, but we do actually in Arenal, even though I think we might be oversubscribed on the first villa, but we’ll be rolling it into one of the other villas for sure.
We’ll actually be building three villas. Two, actually, people that listen to this podcast bought one of the villas completely themselves. We fractionalized another, and we can always build another as well.
So again, if you’re interested, the contact details are down in the description, or email us at info@investingcostarica.com. That’s info@investingcostarica.com. But anyway, let’s get straight into the podcast.
Jake Alexander
Good morning, everyone. I’m Jake Alexander, and welcome back to another episode of Costa Rica Developer Diaries, where we break down real projects, real numbers, and lessons learned from building here in Costa Rica. Today we’re going to be talking about Villa 5 and Villa 6 in the Manuel Antonio Treehouse Villas, which are the final two villas in the development.
At the same time, the property itself has also evolved. Rich, you’re no longer just figuring out how to build villas, but actually how to efficiently operate six of them. So looking beyond the individual villas and investing in the infrastructure behind the entire property, laundry, housekeeping, and logistics that guests may never see, but that become increasingly important as the property grows.
So Rich, let’s start here. How different was it building Villas 5 and 6 compared to when you started this with Villa 1, 2, and 3?
Richard Bexon
How long we got, Jake? It was very, very different. Look, I think this is version three of the villas, Villa 1, 2, and 3 was version one, Villa 4 was version two, and then Villa 5 and 6 was version three.
So we had all this learning that we went through, but I think what really pushed us was our learning on Villa 4, because we had such a short time to do it in. Villas 1, 2, and 3 took, I think, ten or 11 months. Villa 4 we did in six months, which was incredible, but then Villa 5 and 6 we basically did in seven months, so we weren’t rushing as much.
From the materials used to the way that we constructed and the way that the team worked, it was very, very different. If you remember Villa 1, 2, and 3, we basically went level by level, kind of going up, okay? But Villa 4, we went straight up with the roof on and then poured the concrete levels, and then everyone came in to close it, if that makes sense, so it was done very differently. We were able to work in the rain because we had a roof on very, very quickly. The crane came in and laid the steel, basically the steel columns all the way to the roof, and then we put a roof on so that we could do everything even when it was raining, so that we didn’t have that constraint. A lot of the time in construction, it’s force majeure, weather has delayed us, and that definitely happened on Villa 1, 2, and 3.
Laying foundations in the wettest time of the year, probably not smart, but you’ve just got to get started, Jake. A lot of people wait for dry season. The problem is you just don’t know when it’s going to arrive.
The Small Design Changes That Made a Big Difference
So going back to Villa 5 and 6, it’s version three. We’d optimized things. We made the pool depth a little bit deeper because of the slide, it went from 1.4 meters to 1.6, and now most of our pools are 1.6. I joke that the reason I have it at 1.6 meters is so that Eric, head of construction and engineering, basically can’t touch the floor, because I think he’s like 1.55 meters or something. But I just joke with that, now I’m like, we have to do all pools at 1.6 so that Eric can’t touch the floor.
We also made the infinity edge pool, instead of being 30 centimeters, we made it 60. Why? Because when you go down the slide, you push a lot of water off the edge, if that makes sense, so we did that to capture that water. We put timers on the pool pumps, really the pump for the slide. The reason being, we did an electrical analysis and 60% of the consumption was AC, 30% was actually pool pumps. So we’ve been able to optimize how some of those pool pumps work with timers. We’ve put in intelligent light switches, basically for when lights come on and go off. I think it was just a lot more organized, and we had a lot more knowledge of how we did it.
The Condensation Problem Nobody Saw Coming
The team that built Villa 1, 2, and 3 was the same team that did Villa 4, and it was the same team that did Villa 5 and 6. It’s just that the overall management structure was very, very different, and how we built it was a little bit different as well, which meant we can now build them in seven months. Six if I really want to push it, but I usually say to the guys, let’s do seven so that we make sure the quality is there.
One thing that came up for me recently, Jake, is that in Villa 1 we were basically air conditioning the roofs, but between the roof and the actual ceiling, the air there was getting warm and condensing against some of the steel and actually dripping water into the rooms. We had to isolate the internal air from the external air so that we didn’t have that. We just couldn’t figure it out, we thought it was rain. Then we put one of those little wiggly cameras up there and found out it was condensing and dripping onto the roof, and then, from there, creating waterfalls in the rooms, which, while beautiful, guests don’t really like.
Going Straight Up: The Roof-First Build That Cut Costs
Jake Alexander
Yeah, fair, fair, fair. It’s really interesting how one simple change in construction, going all the way vertical, reduces your construction time almost, what, 30%? Well, it reduces the budget as well.
Richard Bexon
You know what I mean? Because then you’re not, I mean, the biggest expense in construction is manpower, is payroll. I think it turns out to be like 40% of the whole construction cost. So the quicker you can build something, the less that cost adds up. But also, Jake, what we did with these as well was put some of the subcontractors into contracts with penalties if they didn’t deliver on time. So we already had a timeline for everything, everyone knew what they needed to do, when they needed to get it done, and so on. It was copy, prove, and paste.
But look, I always go back and say this to the project managers in the office, the easy projects, we were going through projects the other day and saying, well, that one was easy. What did we learn from it? Not really much. What about that one? No, I didn’t really learn much from it either. But the really difficult ones, dude, that’s where we learn. Manuel Antonio 1, 2, and 3 was difficult. We learned so much from that, and it forced us to evolve into Villa 4, which then forced us to evolve into Villa 5 and 6.
From here, of course, we now move to version four, which is when we’re looking at the Arenal Ridge project, our newest project, which starts construction in, sounds like, 45 days, where we get to improve it a little bit more and go back and redesign the rooms a little bit based on what clients are saying, which is really important. People love Villa 1, 2, and 3 in Manuel Antonio because of the tubs that go out to the jungle. Villa 4, 5, and 6, they like for the size, but they kind of miss the tubs.
AC Efficiency, R32 Refrigerant, and the Case for Solar
So now, in version four on the Ridge, we’re putting tubs in the bedrooms upstairs, making the bedrooms a little bit smaller up there, since it only has a king bed, to give more deck space to people so they can enjoy the outside. I’m constantly knocking on doors when clients stay, which I’m sure my team doesn’t love sometimes, asking, hey guys, how’s your experience been? What do you like? What do you not like? How would you improve it?
I could go on all day, Jake. I’m basically an expert in ACs now, refrigeration, how ACs work, and how to get maximum efficiency out of them. There’s a new technology that’s come out in ACs called R32, a much better refrigerant, so we’ve been moving everything across to that higher-efficiency type. Because, again, 60% of my electricity cost, which is about $1,000 a month, is just ACs. When clients are in there, they’re just cranking the AC, and I’m like, that’s fine, that’s what they’re paying for, how do we make it more efficient?
So we’re about to put solar onto one of the villas, Villa 6, just to test it. We’re quoting it at the moment; it’s costing about $25,000, but the payback period could be anywhere from three to four years. After that, it’s all gravy, but it’s also a little more sustainable. We had something happen the other day where one of the transformers in the area went out, and a client actually left two days early because they didn’t have hot water. So I was like, okay guys, how do we solve this? If we had solar, we wouldn’t have that issue, they could run off the batteries.
Jake Alexander
Yeah. I’ve seen solar pool pumps as well.
Richard Bexon
I don’t have much experience with solar pool pumps at the moment, Jake, but I’d love to do a lot more with solar. I was just in an AC meeting where one of the guys was saying a regular mini split system uses about five solar panels, but this mini VRF U-Match system he was talking about, a separate technology, only uses two to three panels with the new technology coming out. The technology is constantly improving, stuff is getting more efficient, but you have to stay on top of it because it’s constantly changing.
As we’ve transitioned from construction into operation, my mind switches into operational mode, how do I reduce expenses without touching the experience? Because, like you said, Jake, when I started this it was six villas. Today, it’s a hotel. That’s really what I’m running here, it’s a hotel. I’ve had to invest, God knows how much, into an industrial laundry and food prep area, because we do breakfast in the villas every single day. We’re washing all those sheets and towels throughout the day. How do we make that efficient and sustainable as well?
Managing Guests During Construction
Jake Alexander
How did you manage building two villas while also having guests staying in Villa 1 through 4 and maintaining that high level of experience?
Richard Bexon
Not always maintaining that high level of experience, Jake, unfortunately. We just had to let guests know, not every guest reads. When there was construction, we limited it to certain hours, we wouldn’t start before 8 a.m. even though there were times we did, and then I’d go nuts. I said, look guys, we’re fining anyone that starts before 8 a.m. That seemed to stop it, and it’s funny how that happens.
But when guests had an issue, I’ve been in luxury tourism for 20-odd years, and I know don’t give money back, because the pain still stays there. If you create an experience for them instead, you replace that negative memory with a good one. So we’d send them down to Arenas Del Mar on our dime. We’d find a way to send them on canopy tours on our dime. We’d bring in dinners for them.
We managed it like that, Jake, and to be honest, we didn’t have that many issues in general. When we could, we’d switch a villa, if a client was staying in Villa 1, which I didn’t think would get much noise, it actually got more noise than Villa 4, because Villa 4, 5, and 6 were in a line and Villa 1 was in front of 5 and 6 but faced the other way. We got more complaints in Villa 1 than we did in Villa 4.
Jake Alexander
I think that’s a really important takeaway for people who work in tourism or customer service, you’re right, it’s not about the money. It’s how can you turn a negative experience into a positive takeaway. It’s not just about getting a refund or a couple hundred bucks, that doesn’t change the thing.
Richard Bexon
Correct, that’s it, man. You give the money back and clients still stick with that bad taste in their mouth, if that makes sense. They feel good for a moment, but the memory stays, so you have to create a new memory for them, Jake. One of the best things we were able to do was bring in the house moms for dinners, to cook typical Costa Rican dinners for clients when it’s quiet as well.
The Infrastructure Bill Nobody Warned Him About
One thing I took away from that, Jake, is that on Arenal Ridge we’re actually batching all the villas together so I don’t have that issue, the first three villas we’re doing are in one section. I’ve actually master planned the property based on that, and that’s something you don’t typically see, a master plan based on construction phasing throughout the whole project’s lifecycle.
But look, man, there are tons of mistakes I made on the Manuel Antonio project. I learned so much. One of the big things, I underestimated how much infrastructure costs would be. I didn’t realize ICE were going to charge me $20,000 for infrastructure just in electricity, and they’re still charging me. The other day they asked me for a brand-new transformer for Villa 5 and 6, which is another $7,000. So yeah, it’s just learning from this stuff.
From Vacation Rentals to Hotel Operations
Jake Alexander
Yeah. So let’s transition from building to operating. Now that you have six villas, how has operations changed from when you had Villa 1 through 4? Now you’ve got two more, what’s different?
Richard Bexon
Well, look, there’s economies of scale, if that makes sense, in purchasing, we know how to do it, we already have some of the operational processes. But look, it’s a hotel, because a lot of people out there have one vacation rental, or maybe two. We have six here. The beauty of it, Jake, is I can move clients around between Villa 4, 5, and 6 because they’re exactly the same, opening up gaps in order to fill them. If I have a one-night gap here, a two-night gap here, and a one-night gap here, I can now move stuff around and open that up into a four-night gap, if that makes sense. The system actually does that. One of the things it’s created is that sometimes guests are like, hey, I reserved a place and I see it’s still available online, and it’s like, yeah, because there are three of them, if that makes sense. They don’t understand it’s an actual development rather than just one villa.
That’s always Airbnb clients, which is about 20% of our sales. Another 40% comes from luxury travel agents, and the rest is direct, because we do a lot of direct marketing as well. But I think our strongest point is our distribution channels, I’m not sitting out there waiting on Airbnb, man, it’s very different. The other day I was with Fora Travel, which has 7,000 agents, I was sat in front of those agents pitching them on Manuel Antonio Treehouse Villas. Vacation rental people aren’t doing that. The tourism industry, hotels and tour companies, are doing that. Vacation rentals are a very different world, but I run them like hotels, and operationally, Jake, that’s how I do it. We use AI for scheduling, how many staff we need, days off, when to go into villas, based on some variables that we have. As I mentioned with laundry, we now have a large laundry, we have a large kitchen. It’s basically a hotel that doesn’t have a front desk, doesn’t have a restaurant, and doesn’t have a spa. We’re in a world between vacation rentals and hotels, but it’s inventory, it’s cost control, it’s exactly the same.
Jake Alexander
Yeah. So, bottlenecks from an operational standpoint, when you had the first four villas, how did you manage, for example, the laundry then? And you also mentioned you have a kitchen now, as opposed to doing all the cooking in the individual villas. What’s the change there?
Richard Bexon
Well, look, we used to, in one of the two apartments where the staff live, have a refrigerator where we kept everything, and we were doing laundry for Villa 1, 2, and 3 in the actual villas. We just realized those washers and dryers aren’t set up for that constant use. So we pulled it out and centralized it. I knew it was coming, Jake, I just didn’t want to focus on it. I knew it was coming one day, and now it’s come. I was looking at extractor strengths the other day, based on the area, how to manage humidity with humidity controllers, an industrial dehumidifier in that area, because it’s a humid environment. We need to keep the humidity out because it impacts all the laundry.
From an operational standpoint, we went from running three vacation rentals to running a hotel, Jake. My hotel friends are like, Rich, we kind of don’t like what you’ve done, but we definitely respect it, because there’s huge demand for it and we can’t do it. The hotel’s plight is that all their money is stuck in the project from start to finish, they keep putting it in and putting it in, like a boat: there are two good days, when you buy it and when you sell it, if that makes sense. The beauty for us is this allows me to create boutique developments throughout Costa Rica, because, well, we own Villa 6, but we don’t own any of the other villas. We’re able to get our money out and move to the next project, which is why Arenal Ridge is already master planned. We already have designs done, we’re already in permitting, and anyone listening who wants to know more, the contact details will be down in the description. We’re now getting investors, I think we’re oversubscribed on the first villa there, and we have the first three funded. One of the guys owns Villa 2 in Manuel Antonio. Another, we’re project managing his project in Las Catalinas, where he said, Rich, you guys kick butt, you’re going to outperform anything I can do, can I just give you my money and you build me one? So I said okay. And of course, we’ve just paid mid-year dividends to the guys owning Villa 1, I say Villa 1 and Villa 4, because those are the fractional ones. The rest of them, I’m writing 6% mid-year dividend checks to. So yeah, I think they’re pretty happy at the moment.
Centralizing Laundry, Kitchen, and Maintenance
Jake Alexander
Yeah. Yeah, absolutely.
Richard Bexon
Sorry, Jake, the other thing is, of course, it’s inventory control, how many eggs you need, rice, and so on. But we prep stuff now and then take it into the house so we’re not as intrusive inside. We have a larger kitchen area, we prepare the fruits, and everything comes a little bit more prepared when we take it into the villa. Maybe we’re cooking eggs, but we’re not cooking the pinto in there. And we’re finding the right providers in the area who can also give us electronic invoices, so we can deduct it from taxes as well.
Jake Alexander
Yeah, it’s the little optimizations that not only save money, but also save time for your staff.
Richard Bexon
I have a head of maintenance now, Jake, for all of our projects, all the Karabi Villas, which is our property management company. Now we have a head of maintenance, because the maintenance is ongoing. Villa 1, I’m having to move the air conditioning locations because the temperature where the units are is too high, which means they’re not working efficiently, they’re overworking to keep the house cold, which consumes more electricity. So we’re moving those air conditioning units. It’s constant, because we’re in the jungle, Villa 1, 2, and 3, we’re scheduling maintenance over the next coming months, a week in each house, where we go in and redo the whole house so it looks brand new again, and then we move up to Arenal and do exactly the same thing there.
So we have a general manager, MJ, now, we have a head of maintenance, and we also have a head of operations in Manuel Antonio and one up in Arenal as well. It’s a fully grown business now.
Rapid Fire: Lessons, Mistakes, and Best Decisions
Jake Alexander
Yeah. Let’s do some rapid-fire, quick-answer questions. Just looking back, six villas later, biggest lesson you learned?
Richard Bexon
Should have had my own construction company, to keep control of everything.
Jake Alexander
Biggest mistake you made?
Richard Bexon
Underestimating the budget for infrastructure, roads, water, electricity, et cetera. I thought it would be $20,000, and it ended up being $150,000.
Jake Alexander
What decision had the greatest positive impact on the project?
Richard Bexon
I think there are two. Number one, us taking over control of construction, and number two, how we built Villa 4, 5, and 6, with the steel columns going straight up and putting the roof on. It allowed no delays.
Jake Alexander
And how have you changed as a developer from Villa 1 to Villa 6?
Richard Bexon
On Arenal Ridge, I don’t have the infrastructure costs, I don’t need to build the roads. So when I look at properties now, I’m looking at, we’re on a main road, I say main road, but it’s really a quiet, private but public one-way road in. I can subdivide along that public road, so I don’t have to put in water, electricity, and storm water, I don’t need to manage that. So it’s just the way I look at property now, Jake, a little bit different than what I used to do.
Building a Whole Experience, Not Just a Villa
One thing as a developer, too, I’m not just developing villas, I’m developing a whole experience. In Manuel Antonio, you get the villas, great, and the experience of breakfast, the staff, the concierge, but you also have access to the Arenas Del Mar Beach Club, which no one else in the area has, because my friends own that property, and the investors in our fund and our projects are also the owners of Arenas Del Mar. Next door, we have access to hiking trails, waterfalls, a butterfly farm, and crocodiles at Sukia, if that makes sense. It’s a whole experience rather than just staying in a villa, no, it’s like a resort, just disjointed. What we’re doing in Arenal is creating that whole resort together, we’ll have an onsite, open-table, farm-to-table kind of family dining experience where you can go in and talk to the chefs, a little bit more like being in someone’s kitchen rather than just sitting down and having food served to you. Hiking trails, waterfalls, the Temazcal sauna, an adventure area, we have all that stuff in the project now. This one is a little different.
We had to kind of put it together on the last one, where I realized it’s really important to clients to have all those experiences as well, not just, hey, it’s a great villa, it looks amazing. And that’s what people have said, the villas are stunning, architecturally beautiful. I have to take my hat off to Juan Diego Cárdenas and the group at Studio Anonymous for taking the idea out of my head, this is what I’m looking for, this is what I’m not, and really making it look beautiful.
On Arenal Ridge, what we’ve decided is we’re just going to keep the same structure and refacade it, if that makes sense, and make some improvements. Why? Clients love it, we know how to do it, we can get it built well, and it still has a sense of place. We’ll change the interiors, the interiors of Manuel Antonio are very calm and gray, because outside is very noisy from the point of view of the wildlife and the trees. In Arenal, we’re probably going to go with a little bit softer tone inside, not so much the concrete gray, more creams, browns, and tans, and we’ll use green to contrast with the green outside, like in Manuel Antonio, but a little different, with its own sense of place, Jake.
The Developer’s Curse: Always in Work Mode
Jake Alexander
Yeah. When you pull into Manuel Antonio Treehouse Villas and the gates open, like the first time it was done, done, for you, how did that feel?
Richard Bexon
There have been very few moments, Jake, where I’ve been like, oh my God, this thing is absolutely beautiful, because all I see when the gates open is: is there litter on the plants, is the road clean, how are the signs? I can’t relax in my own developments, if that makes sense, because it’s work. Going to the beach is work for me. People are like, wow Rich, it’s amazing, you must love it, and I’m like, dude, no, I stay in one of the villas, all I’m doing is taking pictures and making lists. So what I usually do is exchange villas with my buddies who have other villas.
When we did Villa 1, 2, and 3, we were up on the balcony at night with a beer, and I was like, wow, this is my masterpiece, if that makes sense. That’s what Manuel Antonio is, it feels like I’m Beethoven or Mozart and it’s my first masterpiece. Going to the Ridge now is kind of the second, well, I suppose Xanadu would be the second masterpiece, but it’s not really a project like the one I did with Manuel Antonio. But what I love, Jake, is finding stuff other people don’t find, finding the diamond that they can’t see. I remember buying the land and everyone being like, you’re nuts, Rich, even Casey, the CEO of Namu Travel, who’s my best buddy, was like, Rich, I just don’t see it at the moment. Now he looks at it and says, Rich, man, you did a really good job, it’s absolutely beautiful.
So when I open the gates and look at it now, I go, it’s beautiful. But as soon as I step through those gates, Jake, it’s like a switch flips, I’m in work mode, thinking, what’s not right here? Unfortunately, I think that’s the developer’s addiction, or nightmare, whatever you call it, you can never just relax.
Jake Alexander
Yeah, you’ll have to start staying at my house again to take it easy when you come down here.
Richard Bexon
Exactly, Jake, exactly. That’s why I love coming home to my house, it feels like I can actually relax, if that makes sense, because it’s just my house, there’s nothing that, well, that being said, I do need to do my garden, which has turned into a bit of a jungle. But those projects are a reflection of me, if that makes sense, so I need everything to be perfect. It will forever be like that, but I think that’s what keeps us hungry and ahead of the curve.
What’s Next: Arenal Yurts, Monteverde, and Guanacaste
Jake Alexander
Yeah. So we have Arenal Ridge coming up, do you have anything else you’re currently working on right now?
Richard Bexon
We have the Arenal Yurts Project, which a couple of the listeners here probably invested in as well. We’re building three luxury yurts with plunge pools, with volcano and valley views over the plains down below, I’m really excited about that, Jake, because it’s just very different. We’re already nearly fully booked in November, which is absolutely nuts, we haven’t even opened yet. So we’ve got that under construction, and then it’s probably going to be Arenal Ridge.
Then, once we get Arenal Ridge started, Jake, I’ll probably start looking at another property, maybe Monteverde. I really like the numbers for Monteverde, I love the luxury hotels there. Clients want villas, so I want to keep giving it to them. There have also been some discussions about stuff in Guanacaste, I just think the numbers aren’t right yet there, but we did a big developer’s project on the beach at Hacienda Pinilla. We finished that project for him, he called us in and said, dudes, this isn’t working, can you please come in and help? We got that finished, and I think he’s looking to do another project. We’re talking to him about sitting down and thinking about this differently, when you’re developing this kind of condominium, you’re actually developing a villa resort, and you have to think about the back-of-house side of it too, and bringing in one property management company, hopefully us, so we can maintain the level throughout, including the average daily rates. Because the worst-case scenario, Jake, in Manuel Antonio, is that another property management company comes in, starts reducing its rates, which reduces all rates, and then the tide lowers and the value of the property goes down with it, if that makes sense. That’s why I always want complete control, because of the distribution channels we have. In Manuel Antonio, average daily rates for three-bedroom non-ocean-view villas are around $600 to $700 a night. We’re double that, sometimes triple or quadruple. People say, I don’t know how you’re doing it, and I’m like, our client base and our distribution network are very different. It’s not Airbnb, where people compare pricing. They’re asking their travel advisors for an experience, that travel advisor is serving up an experience, and they’re willing to pay for it. So yeah, at the moment, that’s where we’re at, though that could change quickly.
Jake Alexander
Yeah. Yeah, some great stuff on the horizon. Definitely excited to keep doing this series, and maybe we’ll have to take a trip up to check out the yurts. Definitely excited to see where the Ridge project takes off, and looking forward to chatting with people about it, as well as continuing this series with you. I think we’ll have a lot of episodes to do on that for sure.
Richard Bexon
Yeah, I didn’t realize people actually liked the Developer Diaries, but a couple of our clients, and actually investors in the Ridge, were like, Rich, I’m investing in the Ridge because I’ve listened to Developer Diaries and Manuel Antonio, and some of the stuff you say is just so smart, because I’m in construction, or I’m a developer. It was funny, I was at Fora Travel, and the girl Liz who was setting it up said, Rich, I listened to one of your podcasts the other day where you talked about land segregation based on the movement of animals within a property, and how they define the natural flow of how things move through it. You don’t need to rebuild paths, the cows have kind of done it for you, and the water running through the property has kind of done it for you too. It’s already determined, you just need to look at it and listen to it a bit. But yeah, awesome.
Jake Alexander
Perfect. All right, well, thank you, thank you for hopping on with me, and we’ll have to do it again soon.
Richard Bexon
Sounds good, Jake. I very much appreciate it.
Hey guys, I hope you enjoyed that podcast on Developer Diaries. I think it’s important for us to always do these kinds of postmortems on the projects, and also see how we develop the construction as we move into version four of these treehouse structures. They’ve been highly successful in Manuel Antonio, I’m sure they’ll be highly successful in Arenal, especially since Villa Xanadu has actually been more successful than the Manuel Antonio project. It’s absolutely insane.
Remember, if you’re interested in learning more, info@investingcostarica.com, that’s info@investingcostarica.com. If you’re looking to invest or buy anything here in Costa Rica, we do project management, we also do buyer’s representation with the guys here, Pilar and Jake, in the office. If you’re interested in knowing more about that, or just getting access to our Rolodex, we’re more than happy to share that, info@investingcostarica.com, or in the description down below is all of our contact details. But anyway, until the next podcast, we’ll catch you later. Bye.
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