Real Estate Fund Buys Office Center for $127 millionIn Costa Rica, the investment fund management company Multifondos has announced the acquisition of the corporate center El Cafetal, located in Belén, Heredia.Tuesday, August 29, 2017
Elfinancierocr.com reports that "...Multifondos, a subsidiary of the financial group Mercado de Valores, said the amount represents the largest purchase made by a real estate fund in the country and it has been estimated that this will result in the real estate fund industry being valued at $2 billion." Source: elfinancierocr.com ¿Busca soluciones de inteligencia comercial para su empresa?Do you need information about the financial sector?Request more information: Need assistance? Contact us
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Real Estate Funds: Poor Performance in 2019September 2019 In Costa Rica, yields on these investment instruments have been declining since 2017 and even more this year, partly because of the increase in the unemployment rate of real estate. Costa Rica: Real Estate Funds Dynamize MarketJanuary 2019 The continuous acquisition of real estate and the diversification in the type of infrastructure invested, are the reasons for the growth of real estate funds, which monopolize nearly 40% of the industry's assets. Investors Like Bricks and MortarMay 2017 Stable returns is the main characteristic of real estate funds which in Costa Rica have shown annualized growth of 26% in their net assets. First Real Estate Fund in NicaraguaMarch 2017 The fund managed by Invercasa will focus on acquiring both commercial and residential properties, and the minimum stake will be $5,000.
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