Equity International is Interested In Mexico

Equity International is interested in Mexico

07/10/2010 10:25

Mexico. The real estate firm Equity International, of the entrepreneur Sam Zell, is considering returning to Mexico since it detected growth of the country's middle class that will demand housing in the coming years. This happened after the firm retired its latest investment in the country in 2008.

In Mexico, the growth of the middle class and consumption are constant, reason why Equity International is buying shares in companies that benefit from the growing demand for housing for middle income families, finding attractive also other segments such as commercial areas, logistics and some companies.

In the past, real estate in Mexico invested $32 million dollars in the promoter SAB Homes and was retired in 2008 with a gain of $500 million dollars for its investors.

Sam Zell is considered the real estate investing guru. He rose to fame in 2006 when he sold to Blackstone, the firm Equity Office Properties, before unleashing the housing bubble that caused the U.S. economic crisis