Credicorp Capital Asset Management launches its first real estate rental fund in USA, one of the most attractive places for Latin American investors. This opportunity arises from a strategic alliance with Independencia Asset Management LLC.
With this fund, Credicorp builds an additional bridge for its clients to consolidate their investments in US dollars and build a diversified portfolio of real estate assets in the US intended for income.
The investment strategy will be focused on residential and commercial properties with small to medium improvement needs that allow them to be revalued and increase their flows, generating value for our investors.
This new vehicle contemplates raising up to US$100 million at the regional level, which will be co-invested with Independencia AM. In this way, our investors will be able to participate in an international-scale portfolio valued at more than US$900 million with a minimum accessible investment.
It is expected to generate a net return in dollars between +10 – 12% per year.
This fund seeks to position itself as a complement to the clients’ current positions and is aligned with their long-term objectives, offering them the opportunity to access the leading and deeper real estate market in the world.
The focus is on identifying spaces that are neglected by large institutional investors, which allows for greater price negotiation power and greater impact on real estate transformation plans to maximize their value.
“At Credicorp Capital we know how attractive real estate funds are, as they provide protection even in periods of high uncertainty, due to their ability to generate stable and predictable income, tied to inflation and with less volatility compared to other types of investments. ”, concludes Adriana Hurtado Uriarte, Executive Director of Real Estate Investments at Credicorp Capital Asset Management.
