Multifamily, the first rental housing Fibra in Mexico

Fibra Multifamily, the first specialized Real Estate Trust in rental housing in Mexico, is seeking to raise up to 3,000 million pesos through the sale of real estate fiduciary stock certificates (CBFIs).

Fibra Multifamily manages rental homes like these in Mexico. Photo: ViktorCap.

05/12/2021

As the 10-year mark approaches since the introduction of Real Estate Investment Trusts (FIBRAs) in Mexico, the emergence of the first specialized Trust in rental housing has finally been announced.

This new Trust, called Fibra Multifamily, has submitted its application to debut on the Institutional Stock Exchange (BIVA). Its goal is to raise up to 3,000 million pesos through the sale of real estate fiduciary stock certificates (CBFIs), which will be offered at an estimated price of 10 pesos per unit.

Currently, in the Mexican stock market, there are 16 listed real estate Trusts, but only one of them, Fibra Plus, has included rental housing projects in its portfolio. In 2018, Fibra Plus announced its foray into this segment with an investment of 2,152 million pesos, encompassing three projects: two in Mexico City and one in Guadalajara. They also engage in the development of shopping centers and offices.

Read the full article in Spanish

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