Residential
Real Estate News
Fund Targets Latin American Housing

Fund Targets Latin American Housing


The U.S. government's Overseas Private Investment Corporation is investing $100 million in Paladin Realty Latin America Investors IV, a fund targeting housing development in Latin America.

Paladin aims to build 12,000 affordable housing units for Latin America's growing workforce, particularly first-time home.  
 
With an initial closing of $75 million earlier this year, the fund hopes to reach a capitalization target of $400 million to $600 million, according to the release.
 
"This new fund will continue Paladin Realty's 15-year strategy of supporting affordable homeownership in Latin America and the growth of its housing industry,"  OPIC chief executive Elizabeth L. Littlefield said.  

The fund wants to help grow the region's housing market, where more than half of families in 41 major cities in Latin America cannot afford a decent home on their own, according the Inter-American Development Bank study in 2012.  

OPIC, the U.S. government's development finance institution and a major sponsor for funds in emerging markets, has previously helped Paladin Realty with two funds focused on Latin America.


Comment with Facebook


Copyright 2010 - 2014 WORLD PROPERTY CHANNEL NETWORKS, INC. All Rights Reserved.

Luxury Property Spotlight
The Landings - (St. Lucia, West Indies)

The Landings - (St. Lucia, West Indies)

While investors in Sunbelt real estate have watched their property values slip and slide over the past year, those who discovered the tiny island of St. Lucia have smiles on their faces.

Read More »


News Search
Go

Reader Poll