Ready for REITs

Ready for REITs

Mexico

Mexico is swimming with possibilities for REITs.Two years ago, Mexican Finance Minister Francisco Gil Díaz gave the ministry's head of insurance and securities, Jose Antonio Gonzalez-Anaya, a weighty mandate: figure out how to bring Real Estate Investment Trusts (REITs) to the Mexican Stock Exchange. Packaging real estate into securities seemed like a good idea, since REITs were sprouting up in new corners of the world and real estate was a hot investment in Mexico. Last year alone, more than $3.4 billion in commercial real estate sales took place there. Yet given that REITs hadn't listed on a single Latin American exchange, it was a tall task. "In theory, it's easy to do,"

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