News & Research

Any inquiries from the press should be directed to:

Evan Pickering
Vice President
(310) 996-8755

Paladin Realty Launches “CORE”, a Mixed-Use Development in São Paulo, Brazil, Sells 70% of Units in Opening Week

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.


Latin America Research: 2019 Outlook – Macro & Property Trends

Latin America’s leading economies of Brazil, Mexico, Colombia, Peru and Chile continue to benefit from a convergence of long-term demographic, economic and political trends that are expected to support sustainable growth over the next several years. These positive long-term trends include attractive demographics, a growing middle-class, greater mortgage availability and large housing deficits, all factors which should continue to result in resilient demand for housing and the development of other real estate products. Political risk has receded in the region as newly elected market-friendly leaders prevail in Brazil, Colombia and Peru; some uncertainty remains in Mexico with questionable initial policies of its new President. Brazil’s economic and political outlook improved sharply in 2018 with the election of a pro-business President, who is already pursing a reform agenda. GDP is expected to grow in the 2%+ range in 2019 and beyond. Mexico and the three leading countries of the Andean region (Colombia, Peru and Chile) are each poised to grow 2-4% in 2019 and beyond, with economies increasingly driven by domestic consumption and intraregional trade. In Mexico, while the conclusion of NAFTA renegotiations in 2018 removed some uncertainty, the new President’s early actions have given mixed messages at best and Paladin remains cautious on Mexico until the new President’s policies become more clear and constructive.


Paladin Realty Certifies Largest Affordable Green Housing Project in the Western Hemisphere with IFC’s “EDGE” Program

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 Adds Alvaro Rodriguez, Investment Manager, to the Mexico City Team Office

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.


IREI In Focus: Randall Loker, CIO, on the Residential Real Estate Opportunity in Brazil

Loker_GRIRandall 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 Bolsters Andean Region Team with Two New Hires in Bogotá

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 Opens Fourth Regional Office in Lima, Peru

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 to Launch US$420 Million in Latin America Real Estate Projects in 2018

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.


Paladin Realty Announces New Joint Venture to Develop Low-Income Housing in Mexico City

Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, announced today that it has committed an initial $5 million equity investment to a newly-created homebuilding joint venture called Kreative, which will focus on providing modern, low-income housing in the Mexico City Metro Area.

This is Paladin Realty’s first partnership with local developer Casas Krea who focuses exclusively on low-income housing development in and around Mexico City. In keeping with Paladin’s long-standing commitment to responsible ESG investing, the Casas Krea joint venture will utilize environmentally-sensitive construction, featuring solar panels, water-limiting devices on sinks and toilets, and energy-efficient lighting. This new investment was made by Paladin Realty’s fifth pan-regional fund focused on Latin America, which has made other investments to date in Peru, Mexico, Colombia and Brazil.


2018 Investment Outlook – Brazil

Over the past few years, Brazil has weathered significant social, political and economic shocks, driven by both internal and external factors. The slowing of China’s economy and the end of the global commodities “super-cycle” boom in 2012 hit Brazil’s terms of trade hard, causing its currency to depreciate by nearly 70% from 2012 through 2015.  Lower commodity prices also strained the government’s finances, curtailing spending and precipitating the end of former President Dilma’s populist rule in 2016. Business and consumer confidence collapsed as the country entered its deepest recession on record, contracting by more than 7% in real terms during the 2015-16 period.  Fixed investment slowed.  Unemployment increased to over 10%.  Inflation hit double-digits in 2015 as imported goods were suddenly more expensive in local currency. Local interest rates increased to 14.25%.  International newspapers predicted that the 2016 Olympic Games in Rio would be a bust and that a mosquito-borne virus would wreak havoc on the country.  The country’s highly unpopular President Dilma was impeached and removed from office in 2016.