1.-¿When and for what purpose was the FynsaUpper Renta Residencial US I Fund created?

This fund began operations 2 years ago at a key moment due to the appetite of investors seeking opportunities to enter attractive Real Estate businesses in the U.S.. investors who were looking for opportunities to enter attractive Real Estate businesses in the U.S., with the help of local managers with experience in these strategies.

The residential sector, in particular, demonstrated its resilience in a particularly difficult period, such as the pandemic (Covid-19). 

What does the FynsaUpper Renta Residencial US I Fund invest in?

The fund invests in residential assets, in the Multifamily and Single Family format, i.e. in buildings intended specifically for residential rental, such as single-family rental homes.

The fund invests in multifamily value add projects, which are properties where there is an opportunity to improve management, reprofile, improve rental rates and stabilize and then sell. It also invests in Single Family for rent projects, under the federal government subsidy modality, and has also participated to a lesser extent in conversion projects.

Our portfolio of assets has a greater weighting in the value-add strategy, i.e., investing in assets value-add strategy, that is, to invest in assets with low replacement cost and that present an interesting opportunity in terms of repositioning or remodeling that will improve the housing complex's cash flow. or remodeling that will improve the housing complex's cash flow.

We do this through relationships with local managers in the U.S. who are specialists in certain asset classes or geographies that we have identified as high opportunity niches, primarily because of market and demographic dynamics, such as migration due to living or working conditions.We have identified these as niches of high opportunity, mainly because of market and demographic dynamics, such as migration due to living or working conditions.

Why invest in FynsaUpper today?

The fund is ending its investment period, therefore, investing at this time presents a unique opportunity in terms of certainties, since we have identified assets, under stabilization process, some already in advanced stages, financial models updated to the existing rate conditions for each one of the projects, as well as adjustments to the strategy development stages for each one of them.We have identified assets under stabilization process, some of them already in advanced stages, the end of the investment period, financial models updated to the existing rate conditions for each of the projects, as well as adjustments to the strategy development stages of each of them.

The funds raised in this last stage of the investment period will be oriented towards increasing the portfolio's weighting in Single Family Rental, in the North American Midwest, in conjunction with Whitestone.