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.