News & Research

Any inquiries from the press should be directed to:


Alex J. Stockham
Rubenstein Communications
(213) 537-0017
astockham@rubenstein.com

Rick Matthews
Rubenstein Communications
(212) 843-8267
rmatthews@rubenstein.com

Latin America Research: Brazil Political Risk

president-temer

A few weeks ago, on May 18th, as part of a plea bargain deal in Brazil’s ongoing Lava Jato corruption probe, the head of international food giant JBS released audio tapes in which Brazilian President Temer allegedly condoned the payment of hush money to former speaker of the house, Eduardo Cunha. The tapes would appear to implicate Temer in the far reaching political corruption scandals that have led to the removal and jailing of many high-ranking politicians and businessmen in Brazil. The Bovespa stock exchange dropped 10% the day the audio tapes were released, triggering circuit breakers halting all trading. Brazil’s currency also dropped by about 10%. While this new revelation will likely delay certain of Temer’s reform efforts in the short term, the overarching theme is that this continual rooting out of corruption bodes well for Brazil’s long-term future…

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PREA Interviews Fred Gortner

In February 2017, PREA interviewed Fred Gortner (Co-Founder and COO of Paladin Realty Partners LLC) to discuss real estate markets across Latin America.  Click on link below to see the video interview.

 

  PREA VIDEO

Brazil: Poised for a Comeback?

Author: Denise DeChaine

The year 2016 was definitely one of transition for Brazil, a country once touted along with the other BRIC members as “the next big thing.” But emerging markets are not in favor currently, and Brazil has had a tough run for the past two years, according to Waiting for the other shoe to drop in Sao Paulo: Is 2017 the time to consider real estate investing ….

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Latin America Research: Brazil – Is Now the Time to Invest?

Over the past few years, Brazil has weathered significant social, political and economic shocks, driven by both internal and external factors. The slowing of China’s economy and the end of the global commodities “super-cycle” boom in 2012 hit Brazil’s terms of trade hard, causing its currency to depreciate by nearly 70% from 2012 through 2015. Lower commodity prices strained the government’s finances and exacerbated the budget deficit, leading to the loss of Brazil’s investment grade credit rating in 2015 and precipitating the end of Dilma’s populist rule. Business and consumer confidence collapsed as the country entered its deepest recession on record, contracting by more than 7% in real terms during the 2014-16 period. Fixed investment slowed. Unemployment increased to over 10%. Inflation hit double-digits, because imported goods were suddenly more expensive in local currency, and because the government rolled back price subsidies. Local interest rates increased even more to….

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Latin America Research: Putting Recent Headlines in Perspective

Over the past two decades, the thesis for Latin America real estate investment has undergone a dramatic transformation. When Paladin Realty first began investing throughout the region in the late 1990s, many markets were plagued by weak construction standards, poor infrastructure and corruption. Institutional-quality local operating partners were hard to come by, as was reliable market data. Further, while the region’s scale and attractive demographics offered the promise of superior economic gains, the structural reforms needed to….

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Two Paladin Funds Ranked Among Top 5 Perfoming Latin America Funds

preqinPaladin Realty’s Latin America investment funds business was ranked by Preqin among the “Top Five Performing Latin-America-Focused Closed-End Private Real Estate Funds” in its 2016 Preqin Alternative Assets Performance Monitor Report. Preqin (https://www.preqin.com) is a leading source of fund performance data for the alternative investments industry.

Paladin Realty has been investing throughout Latin America for nearly two decades, through numerous cycles and across $4 billion of assets.  The firm has regional offices located in Brazil, Mexico and the Andean region…

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Paladin Realty Honors the U.S. Election Year with a New Ad

We think Latin America has always been great.

Since 1998, Paladin Realty has been a leading institutional real estate investor in Brazil, Mexico and the Andean region, investing in $4 billion of real estate totaling over 20 million square feet and 32,000 residential units. Collectively, these countries represent a larger market than the U.S., with a population of over 400 million people. With strong demographic tailwinds, a huge regional housing deficit and some of the most attractive real estate economics in the world, Latin America remains poised to provide attractive diversification and risk-adjusted returns to any global investment portfolio…

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Latin America Research: Currency Risk (Mid-year 2016)

Over the past five years, U.S. dollar-based investors in most emerging markets, including Latin America, have experienced substantial paper losses driven largely by a significant depreciation in local exchange rates. A natural reaction in the wake of such an event is to retreat and assume that the negative trends of the recent past will continue indefinitely into the future, regardless of the fundamentals. In doing so, investors would be committing a classic investment blunder – looking at the road ahead through the rearview mirror – at precisely the wrong time. Instead of looking backward, investors would be well advised today to adhere to three time-tested principles of prudent investing…

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Paladin Realty Continues Expansion of its Investment Team with a New Hire in its Mexico City Office

Rcruz (250px)Paladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, announced today it has hired  Rodrigo Cruz as Investment Manager in the firm’s Mexico City office. Mr. Cruz will be involved in acquisitions and asset management of Paladin Realty’s investments throughout Mexico.  “Rodrigo’s direct real estate experience in Mexico will enable him to be a great addition to our local team,” said Santiago Gil, Managing Director and Mexico Country Head…

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Paladin Realty Announces New Joint Venture to Develop Low-Income Housing in São Paulo, Brazil

IZPPaladin Realty Partners, LLC, a leading real estate investment fund manager focused on Latin America, announced today that it has completed an initial $6 million equity investment in the newly created homebuilding joint venture called IZP Empreendimentos e Participaçoes (“IZP”), focused on building low-income housing in São Paulo, Brazil.  This is Paladin Realty’s first partnership with local developer Idea Zarvos Planejamento Imobiliario, Ltda. (“Idea Zarvos), which is widely recognized, having won numerous awards for its innovative architecture during its 11 years of operations.  This new investment was made by Paladin Realty’s fifth pan-regional fund focused on Latin America, which has made other investments to date in Peru, Mexico and Brazil.  IZP’s initial plan is to develop the “Agisse” project, which is located in São Paulo’s Vila Madalena neighborhood and will consist of 300…

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