Investments
Junio 24, 2022 - < 1 min

FYNSAUpper's bid to "turn around" real estate assets in Texas

FYNSA and the alternative investment firm Uppergrowth have created an alliance that gave birth to the FYNSAUpper platform, whose main bet is a residential income fund in Texas.

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With this alliance, FYNSA expands its investment options in real estate assets. Its scope and characteristics were described in an article published by Diario Financiero, for which they interviewed Juan Eduardo Biehl, partner of FYNSA; Gonzalo Colucci, partner and head of Strategy at Uppergrowth, and Pablo Massera, FYNSA's real estate manager.

"When a Latin American thinks about investing in U.S. real estate assets, the first thing that comes to mind is Miami and Florida," Biehl told DF. "But there are many other opportunities. There are states that have tremendously powerful economic dynamics. Texas is the eighth largest economy in the world if you look at it as a country, with 30 million people," he noted.

The "Fynsa Upper Renta Residencial US I" mutual fund maintains a focus on residential income assets value add in the US and is aimed at the general public with an entry ticket of US$ 10 thousand. It currently has a portfolio of over 1,100 units, which involved an investment of close to US$ 100 million in the city of Houston, the most populated city in Texas.

You can see the complete article at the following link link.

In the same line of highlighting opportunities in the international real estate market, FYNSA held a webinar in mid-June with the participation of Sohail Hassan, co-founder and managing partner of MarketSpace Capital, a US Private Equity firm focused on the real estate sector, on the multifamily market in the United States. You can watch the full video HERE.