How the Finesa/Transwestern fund enabled Colombian LPs to invest in US Real Estate
Andres Gonzalez, President, CEO & Founding Partner, Finesa Real Estate Group
Pedro Miguel Florez, Chief Investments Manager, Allianz
Finesa has had a lot of success during this past year. Paul from Finesa featured an office building in the Denver, Colorado market which he said is one of the top office markets in the USA. He explained that they feel it is an excellent investment and that now they need to capitalize on it.
Paul also explained about a major investment in the Houston market, which he feels is the largest in the USA. This market is driven by the energy industry.
He then showed a graph that demonstrates that the real estate has recovered about 50% since the financial crisis. While the apartment market has recovered significantly since this crisis, there is still a lot of room left for growth in the office market. Therefore Finresa feels there are still major opportunities to invest in office real estate.
Finresa is working with Colombian investors who primarily want the real estate risk. They want to hedge the Colombian peso in exchange for USA dollar exposure.