May 12, 2021 |
Fibra Multifamily, a Mexican real estate investment trust (REIT) backed by local developer Grupo Favier, is preparing an initial public offering (IPO) for July or August, Jorge Martínez Chávez, the REIT's managing director, told LatinFinance.
The REIT aims to raise at least MXN3 billion ($150 million) in the IPO, but it could increase the size of the offering by 15%, or MXN450 million, in the case of strong demand, according to a presentation to investors. Grupo Favier, which created Fibra Multi
Mexican REIT, backed by Guadalajara-based Grupo Favier, aims to raise at least $150 mln to develop rental properties