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Any inquiries from the press should be directed to:


Evan Pickering
Vice President
(310) 996-8755
epickering@paladinrp.com

Paladin Realty Acquires a 116-Unit Value-Added Apartment Portfolio in Azusa, CA in Partnership with Two Institutional Investors

 

A partnership sponsored by Paladin Realty Partners, LLC has acquired a portfolio of three 1960’s-vintage apartment properties totaling 116 units. These garden style assets are located near each other in the City of Azusa, a desirable working class/middle-class suburb of Los Angeles situated strategically at the intersection of the 210 and 605 freeways, as well as the Gold Line regional light rail system, a short distance east of downtown Los Angles and Pasadena. Paladin intends to pursue a value-added business plan to upgrade and modernize these assets and optimize their operations.

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Paladin Realty Certifies World’s First Zero Carbon Project under International Finance Corporation’s “EDGE” Program

Paladin Realty Partners proudly announced that it has certified the world’s first zero carbon residential project under the International Finance Corporation’s (IFC) Excellence in Design for Greater Efficiencies (EDGE) program. Since 2018, Paladin Realty has certified 17 residential projects consisting of 5,639 units in Brazil, Mexico, Colombia, Peru and Costa Rica all saving greater than 20% in water, energy and embodied energy in materials. In February 2021, the IFC named Paladin Realty as an EDGE Champion in recognition of its standout certification efforts.

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Paladin Realty Closes on R$337 million for Brazilian REIT Targeting Boutique Office Development in São Paulo

Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on the Americas, has had a successful R$337 million first closing of a Brazilian Fundo de Investimento Imobiliario (“FII”, a fund similar to a U.S. REIT) for the development of boutique office buildings in the prime supply-constrained submarkets of São Paulo. In partnership with investment firm Hedge Investimentos and local developer Idea Zarvos, Paladin’s São Paulo-based team will be executing the development strategy, taking advantage of the recovery of São Paulo’s office market and trends that favor smaller office buildings in prime submarkets. The first four development sites are located in the submarkets of Itaim, Pinheiros, Paulista and Jardins, which have vacancy rates in the range of 5-10%, compared with 24% for the city’s overall Class A market. Paladin and Idea Zarvos have been partners since 2014, developing for-sale residential projects as well as purpose-built rental apartment building in São Paulo.

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Paladin Realty Invited by IFC to be an “EDGE Champion” – Recognized as a Leader in Sustainable Housing in Latin America

Paladin Realty Partners has been invited by the International Finance Corporation (“IFC”) to be an EDGE Champion in recognition of Paladin’s more than two decades of leadership in accelerating the adoption of international green building best practices for housing throughout Latin America.

The IFC’s Excellence in Design for Greater Efficiencies (EDGE) program was established to help developers design, build, and certify projects that achieve a minimum of 20% savings in water, energy, and embodied energy in materials. Paladin has been working with the EDGE program since 2018 when it certified its first low-income project in the greater metropolitan area of Mexico City, “Villas del Fresno”, a 1,639-unit project which is currently the largest EDGE-certified affordable housing project in the Western Hemisphere. The project will save an estimated 1,300 tons of CO2 from entering the atmosphere each year as well as saving 28% in energy, 24% in water and a savings of 74% in embodied energy in materials compared to conventional building.

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Paladin Realty Pioneering the Development of Purpose-Built Rental Apartments in São Paulo, Brazil

Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, has announced a new programmatic joint venture to develop a portfolio of purpose-built rental apartment properties in São Paulo, Brazil. The venture has initially committed in excess of R$130 million to capitalize its first projects, with the intention of increasing the size of the program as more sites are identified. While more than 40% of households in São Paulo are believed to be renters, there are few purpose-built, institutional quality apartment buildings due to a historical lack of debt financing and other factors. As a result, the existing rental market is comprised largely of “mom and pop” landlords who may rent one or two condominiums, providing a compelling market opportunity for well capitalized institutional investors to build and operate a portfolio of purpose-built rental apartment buildings. With a population of over 20 million, São Paulo represents an ideal market to launch the venture’s strategy.

 
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