OPIC Board Approves $100 Million Investment in Paladin Realty’s Fourth Latin America Fund
The Board of Directors of the Overseas Private Investment Corporation (OPIC) recently approved a new financing commitment of up to $100 million to Paladin Realty Latin America Investors IV LP, a new investment fund sponsored by Paladin Realty Partners, LLC, a leading institutional real estate fund manager focused on Latin America. The fund, which held its initial closing earlier this year at $75 million and has a target capitalization of $400 million to 600 million, aims to build thousands of affordable housing units throughout Latin America…
Paladin Realty Partners, LLC, a leading real estate fund manager focused on Latin America, today announced it has hired Ricardo Raoul as a Managing Director and Brazil Country Head. He will be based in the firm’s São Paulo office. The appointment is the latest in a series of moves that will further strengthen the firm’s executive team as its business growth accelerates. A native of Brazil, Mr. Raoul has two decades of senior-level experience in commercial real estate investment and development in Brazil. For the past decade, Mr. Raoul was a Managing Partner with a private São Paulo-based…
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, today announced the formation of a new programmatic joint venture with YOU Inc. Incorporadora e Participações S.A. (“YOU Inc.”) to develop middle-income housing in São Paulo, Brazil. This new investment was made by affiliates of Paladin Realty’s fourth institutional fund focused on Latin America, which recently closed. Paladin Realty is committing up to $75 million to the joint venture…
Paladin Realty Partners, LLC, a leading real estate fund manager focused on Latin America, today announced it has appointed Alejandro (“Alex”) Krell as Managing Director to lead the firm’s investment and development activities in the Andean region of South America, including Colombia, Peru and Chile. He will also be responsible for Uruguay and other markets in the region. Mr. Krell will open Paladin Realty’s new regional office in Bogota, Colombia…
Paladin Realty Partners, LLC, a leading US real estate investment fund manager focused on Latin America, today announced the launch of the PALVAL Homebuilding Platform, a Bogota, Colombia-based joint venture. This is Paladin’s second investment in that country within the past year. The new PALVAL Development Platform will build and sell middle-income residential projects located in high-density urban settings in high-demand areas. Major cities across the country including Bogota will be the primary focus of this new platform, since Paladin’s local joint venture partner, Grupo Inmobiliario y Constructor Valor S.A. (“VALOR”), has been active in a number of projects located in these real estate markets…
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, today announced it has made its first investment in Uruguay in a new homebuilding joint venture platform called Pali-Altius. The firm has committed $15 million to the platform, with its local partners committing an additional $15 million….
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, today announced the recent launch of Los Prados de San Miguel, a new 768-unit, mid-rise affordable housing project located in Lima, Peru. With this latest project, Paladin Realty will have been involved in the development of more than 25,000 homes in the region…
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, today announced the sale of Botafogo Trade Center (BTC), a Class A office building located in Rio de Janeiro, Brazil. Terms of the deal were not disclosed. Strategically situated in Rio de Janeiro’s Orla-Botafogo submarket, the 120,000-squarefoot building offers scenic views of Botafogo Bay from its upper floors and is located only one block from the district’s subway station…
Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, today announced affiliates of the firm have completed an investment in a new low- and middle-income housing platform called PYPS that intends to construct four projects in or near São Paulo, Brazil. Paladin committed approximately $30 million to the Company. Paladin partnered with 15-yearold YPS, which focuses on developing low- and middle-income housing around São Paulo. Since 1999, Paladin Realty has been an active investor in over 50 low- and middle-income housing projects in Brazil totaling more than 11,000 units and $1 billion of total capitalization…