BOGOTA, COLUMBIA-Paladin Realty Partners LLC, an institutional real estate fund manager focused on the United States and Latin America, has finalized its first investment in Colombia with the creation of Pali-Trocha, a homebuilding platform based in Bogota, in partnership with La Trocha Ltd. This new platform focuses on upper‐income residential infill projects and boutique hotels in urban Bogota, as well as opportunistic land and commercial deals in suburban paths of development outside the city.
The deal was completed through the Paladin Realty Latin America Investors III LP fund. The La Trocha projects are expected to be capitalized with approximately 70% equity and 30% debt. The first projects are expected to begin construction shortly.
“We’re pleased to be making our first investment in Colombia after studying the market carefully for many years,” said James Worms, Paladin chairman and CEO. “The demographic and economic trends of a growing middle class and burgeoning home mortgage market that we’ve seen across Latin America for the past 14 years are now taking root in Colombia.
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