Prudential to Raise $500M for Mexico Investment Fund
Moving quickly
In the past, Mexican pension funds have not been allowed to be used for real estate investing but a recent banking regulatory change has opened a new market segment that Prudential Financial plans to meet head on, announcing they will raise $500 million from local pension funds by the first quarter of 2010 for investing in industrial buildings.
Prudential’s research director for Latin America, Paulo Gomes told Reuters that “the investment objective is industrial buildings, light manufacturing, distribution centers.”
Mexico’s private pension fund industry, manages the equivalent of $85 billion in retirement savings. American agents have been reaching out to the Latin America market through sites like Viva Real and success of the wallets of Mexico ultimately means more investment in Mexico and second homes as well as commercial investment of returns into America.
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This article published on Monday, November 30th, 2009 at 9:44 am | Contact the editor
Topics: Commercial, News
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- Real Estate Feeds:
Prudential to Raise $500M for Mexico Investment Fund: Moving quickly
In the past, Mexican pension funds have not be… http://bit.ly/7bHC26 - RealEstate Babble:
AgentGenius: Prudential to Raise $500M for Mexico Investment Fund http://bit.ly/7PDU8L Full http://bit.ly/4Y6oED
- PopREblogs.com:
Prudential to Raise $500M for Mexico Investment Fund: Moving quickly
In the past, Mexican pension funds have not be… http://bit.ly/7bHC26 - VivaReal:
Prudential raises big money to invest in Mexico real estate pension fund http://tiny.cc/KKL3a
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Prudential to Raise $500M for Mexico Investment Fund: comments http://bit.ly/6ESSFn
- Financial Liberty:
Prudential to Raise $500M for Mexico Investment Fund: In the past, Mexican pension funds have not been allowed to b… http://bit.ly/7bHC26
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Prudential to Raise $500M for Mexico Investment Fund http://bit.ly/67ZPpa
Benn Rosales
Conal Campbell
Elijah May
Lani Rosales
Tara Steele
Marti Trewe
Charlene Jimenez
With the growing baby boomer community looking for a less expensive place to retire, I believe we will see a lot of people moving to Mexico. Thanks for the mention.
Could be. San Miguel de Allende has become a popular haven for American retirees looking to save money while still retaining a comfortable lifestyle.