Greystar Real Estate Partners LLC , a firm involved in the investment, development and management of rental housing, has filed an application to place a development capital certificate on the Mexican Stock Exchange.
Greystar is seeking to raise up to approximately $194 million in 2017 from Mexican pension funds to develop and manage high-quality rental residential housing in key markets including Mexico City, Monterrey, Guadalajara and the Bajío region.
“Greystar’s planned capital raise in Mexico reflects our commitment to further advance the company’s international growth strategy and our objective to build world-class residential rental housing globally,” GreystarChairman and CEO Bob Faith said. “Our history in the market together with our rental housing expertise positions us well to capitalize on the many opportunities we see throughout the country."
Greystar entered the Mexican market in 2012 and has since established a strong local presence. With an office in Mexico City that houses dedicated investments, development and operations teams, Greystar is overseeing the development of more than 1,500 residential units and has built a pipeline anticipating construction of an additional 1,500 residential units.