Fundraising - OCTOBER 21, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Artha Capital raises $180m for Mexican real estate fund

by Reg Clodfelter

Artha Capital, based in Mexico City, has raised $180 million for Artha Capital Real Estate Fund II, says Juan Carlos Sotomayor, director of capital markets and dispositions with the firm. There is not a specific fundraising target at this time, though a final close is expected by year’s end. The fund’s predecessor closed in October 2011 after raising $252 million.

Fund II, which launched in October 2013, will look to generate rental income by originating, developing, acquiring and operating retail, office, industrial and mixed-use assets in Mexico. Up to 65 percent leverage will be used, and an IRR between 16 percent and 20 percent is expected. Artha Capital has co-invested 7 percent in the fund.

The fund is 70 percent committed as of this date, with investments that include retail and mixed-use projects anchored by major tenants in Mexico.

“Artha has its own proprietary deal flow that can be attributed to an extensive network of ind

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy