Months away from its 40th anniversary, FYNSA resumed its traditional Real Estate Meetings, our main event of the year. On this occasion, the Meeting convened a large audience at the Metropolitan Santiago Convention & Event Center to discuss the new macroeconomic environment and its impact on the real estate sector, as well as the opportunities that arise. We also heard about real estate development experiences in the United States, with speakers from two firms associated with FynsaUpper in that market.

Architect and urban planner Iván Poduje presented a complex scenario for the coming years in Santiago, highlighting the wide gap that has been generated between the evolution of housing prices and salaries.He highlighted the wide gap that has been generated between the evolution of housing prices and salaries and the new problems of the city, such as the lack of control and chaos in many buildings constructed for rent and the appearance of areas with deep security problems. The "octubrist city", as he calls it.

Solutions? Abandondensification in central areas and develop residential projects with green areas and services in the periphery, including industrial neighborhoods, where land is cheaper. Also involve the buyersof these homes in the conception and development of the projects.

For her part, Alicia Miller, vice president of Capital Markets at Whitestone, explained the strategy of her fund, which focuses on the development of low-income, elderly and disabled housing in the central United States under the Housing Choice Voucher Program.and disabled in the central U.S. under the federal government's Housing Choice Voucher Program, which helps low-income, elderly and disabled people rent housing. which helps these people to rent decent and safe housing.

Whitestone's projects help develop this type of offering while offering a very good return to its investors.

Finally, David Wallace, founder of DGW Consultants, highlighted the importance and effectiveness of Public-Private Partnerships for the development of real estate projects that generate value to the community., taking as an example the Tri-County Mall redevelopment project, located in Springdale, Cincinnati, Ohio, in which FYNSAUpper is participating through MarketSpace Capital. The project considers the construction of up to 20 residential buildings in an area of around 30 hectares, with 2,600 residential units, up to five office buildings and up to 30 buildings for stores, restaurants and entertainment, in addition to leaving space for educational centers, a hotel, green areas and entertainment centers. Its development will serve to revitalize the city of Springdale, which has seen its activity and attractiveness decline as the traditional mall business model has fallen into crisis in recent years.