Any inquiries from the press should be directed to:
Evan Pickering
Vice President
(310) 996-8755
epickering@paladinrp.com
Santiago Gil, Managing Director and Mexico country head at Paladin Realty, was recently featured in a video produced by the International Finance Corporation “IFC”, highlighting the rise of finance for “green building” in Mexico.
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, announced a homebuilding joint venture with local partner, Ambientti S.A. The joint venture will focus on providing low and middle-income housing in and around Bogota. Ambientti is a vertically integrated developer founded in 1999 with a track record of nearly 40 projects totaling approximately 6,000 housing units.
“We are pleased to announce our partnership with Ambientti, a well-established and highly regarded developer in Colombia,” said Alejandro (Alex) Krell, Managing Director and Head of the Andean region at Paladin Realty. “We look forward to launching our first project before year-end and believe it will be the first of many”.
READ MORE
Paladin Realty announced today it has received the International Finance Corporations “EDGE” certifications for two more of its homebuilding projects in Latin America. The first project, Bosque da Serra, is a 964-unit low-income development in São Paulo which has certified savings of 21% in energy, 26% in water and 71% less embodied energy in materials compared to the average local project. The second project certified is a 429-unit middle-income development in Lima. The project has certified savings of 28% in energy, 48% in water, and embodied energy savings of between 47% to 64% compared to the average local comparable project.
Jim Worms, Paladin’s CEO, said, “as we continue to push for greener construction and more sustainable building practices, we are grateful to be recognized by the IFC for these accomplishments. The IFC has created a user-friendly, cost effective green benchmarking tool that we intend to utilize as much as possible in our residential development business in Latin America”.
READ MORE
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, announced today the launch of its latest mixed-use development, “CORE”, located in São Paulo’s upscale Pinheiros neighborhood. The 512-unit project is a mix of for-sale residential, hotel, and medical office space, anchored by a ground-floor medical clinic to be operated by Brazil’s leading healthcare operator. In its first week of sales, the project pre-sold 63% of its housing units and 85% of its medical office units. The hotel is expected to be launched in the coming weeks.
Paladin Realty is co-developing the project with YOU, Inc., a long-time residential development partner of Paladin Realty, and Toledo Ferrari, a prominent construction and development firm. The nearly one-acre site enjoys an excellent location in a bustling, upper-income submarket of Brazil’s largest city, a short walk to the Oscar Freire metro station as well as one of São Paulo’s principal hospitals.
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, announced today that its Villas del Fresno project in Mexico City has been certified by the IFC’s Excellence In Design for Greater Efficiencies (EDGE) program, making it the largest such residential project in the Western Hemisphere, both in terms of number of units and buildable area. Homeowners will enjoy an estimated 24% reduction in water consumption and 28% reduction in electricity usage, while embodied energy in building materials will be 74% lower than regional averages. The project is being developed in conjunction with local Mexican development partner, Casas Krea, which focuses exclusively on low-income housing in and around Mexico City. The project broke ground this month and will commence sales in early 2019.
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, announced today that it has hired Alvaro Rodriguez to join its Mexico City office as an Investment Manager. Mr. Rodriguez will focus on the acquisition and management of the firm’s property investments throughout Mexico. Prior to joining Paladin Realty, Mr. Rodriguez worked for MIRA Companies, a fully-integrated real estate investment and development platform focused on commercial and residential properties, where he was responsible for the operation and disposition of over $200 million in commercial assets in Mexico, including purpose-built rental apartment buildings. Prior to MIRA, he worked at Prudential Global Investment Managers (PGIM) focusing primarily on asset management for their low-income housing portfolio in Mexico, among other reporting and fund management responsibilities.
Randall Loker, Chief Investment Officer at Paladin Realty Partners, discusses why Brazil’s demographics, economics, unemployment rate and more, make it a lucrative market to invest. (May 2018)
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, announced today it has hired two additional investment professionals for its Bogotá office. Carlos Andrés Jaramillo has joined the team as a Project Analyst and Diana Abril has become Paladin’s Administration and Finance Coordinator for the Andean Region. Prior to joining Paladin Realty, Ms. Abril worked in the hydrocarbons industry in Colombia. Ms. Abril earned her bachelor’s degree with distinction in business administration from the Universidad Nueva Granada and a degree in public accounting. She also obtained a master’s degree in corporate finance from the CESA University in Bogotá. Mr. Jaramillo joined Paladin as an intern in 2017 while attending the Universidad de los Andes to obtain his Bachelor of Science in business management with a minor in business law. Additionally, Mr. Jaramillo holds a minor degree in international business from Esade Business School, in Spain.
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, announced today that it has opened a new regional office in Lima, Peru. The office will be headed by Andrés Bautista, Investment Director, under the direction of Alejandro Krell, Managing Director in charge of the Andean Region. Mr. Bautista had previously worked in the firm’s Bogotá, Colombia office.
The new regional office in Lima further expands the firm’s local management presence to four offices across Latin America, including Bogotá, São Paulo, and Mexico City. These four cities comprise Paladin’s primary target markets.
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, announced today that it plans to launch nearly a dozen residential and mixed-use development projects across the region in 2018, accounting for more than $420 million of projected sales revenue. These projects are planned to deliver over 5,000 residential and commercial units in Brazil, Mexico, Colombia, Peru and Costa Rica. Most of these new launches will comprise low- and middle-income housing, with select projects featuring student housing, office space and lodging. The projects are being developed through programmatic joint ventures with local partners in a number of Paladin-sponsored regional investment funds.
