Publications

- September 1, 2014: Vol. 26, Number 8

To read this full article you need to be subscribed to Institutional Real Estate Americas

Paladin expands its southern exposure

by Mike Consol

 

Paladin Realty Partners’ taste for Latin American housing shows no signs of abating. The Southern California–based investment house has already committed more than $3 billion to housing projects in Brazil, Chile, Colombia, Costa Rica, Mexico, Peru and Uruguay. Its latest foray is a new $30 million joint venture to build thousands of low-income housing units in Brazil. The joint venture is Paladin’s second with Brazil-based home builder Abramar.

Randall Loker, a managing director and CIO at Paladin, says his firm will initially commit $6 million to the effort and will scale up from there.

The first Paladin-Abramar joint venture produced four low-income housing projects totaling 2,025 units — most of them condo mid-rises, but also some single-family attached units. The new venture is expected to produce roughly 450 condos in mid-rise and high-rise buildings in the southern Brazilian state of Santa Catarina. The average per-co

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?