CHARLESTON, SC – Greystar Real Estate Partners, a global leader in the investment, development, and management of rental housing, announced that it has filed an application to place a development capital certificate (CKD) on the Mexican Stock Exchange (BMV).

Greystar is seeking to raise up to MXN 4.0 billion (approximately US $194.0 million) in 2017 from Mexican pension funds to develop and manage high-quality rental residential housing in key Mexican markets including Mexico City, Monterrey, Guadalajara and the Bajío region.

“Greystar’s plotted 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,” said Bob Faith, Chairman and CEO of Greystar. “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 currently overseeing the development of more than 1,500 residential units and has built a pipeline exceeding additional 1,500 residential units.

“We will leverage our world-class local team and the support of our global platform to source and do the best residential development opportunities in the market,” said Eduardo Orozco, Greystar’s Managing Director of Investments for Latin America. “We are excited to work with local Afores to generate attractive returns contributing to Mexican employee pensions.”

Greystar aims to leverage its rental housing expertise and deep local market knowledge to generate attractive risk-adjusted returns for its investors and an unmatched living experience for its residents. Globally, Greystar operates more than 400,000 rental units across 160 markets with an ownership interest in assets worth over USD $14.0 billion.

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FORT WORTH, TX – DIJ Properties announced this week they bought a new community in Fort Worth, the fastest-growing city in the country. The property is located west of downtown Fort Worth, just a few minutes from the huge city-amenities and nearby major employers while providing numerous green spaces and simple access to I-30 and I-820, which makes simple to navigate around DFW metro complex.

The spokesperson for DIJ Properties reported that the newly bought property is comprised of 408 units. The spokesperson said, “We have bought a 408-unit community, offering the best of amenities and locality you can find in the city of Texas.  We have high expectations for this property.”

The newly bought community is 10 minutes away from all Fort Worth has to offer in the Fort Worth Cultural District, Downtown Fort Worth, Sundance Square and the Near Southside Medical District, home to more than 121,000 high-income jobs.

The company official further added, “This is a fantastic community. Hospital, university, seaport, and commercial centers are just within reach.” There are more than 40,000 employees in the Near Southside Medical District (second largest employment center in Tarrant County), which is just five miles from the properties.

The Naval Air Station Joint Reserve Base Fort Worth is located three miles from the properties. The base is made up of 40 separate commands including 10,000 active duty military, guardsmen, reservists, and civilian employees.

Fort Worth is home to more than 30,000 companies and, due to its diverse economy, central location and rapid population growth, ranks among one of the top business destinations in the world.

The spokesperson added, “The property offers complete range of amenities for its residents such as pool, fitness center, grills and gorgeous landscaping”.

DIJ Properties is a multifamily property acquisition and investment manager. DIJ owns, buys and manages multifamily properties in the United States, representing private and institutional investors.

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