The fund was created in 1999 and had a focus on realestate-related businesses based outside of the US. The fund had aconcentration of investments in Mexico, including investments inMexican homebuilder Homex, shopping center developer and operatorMexico Retail Properties, Mexican industrial property companyCorporate Properties of the Americas and real estate specialtyfinance company Credito Inmobiliario. The fund also invested in NHHotels, headquartered in Madrid. The fund generated total grossproceeds of $991 million, according to the release.

Earlier this year, Equity International received approximately$500 million inequity capital commitments for its fourth fund. The total valueof the fourth fund is expected to be $1.5 billion.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.