Dominicans can now invest in real estate equity
Santo Domingo.- Investors in Dominican Republic´s securities market now have another option to diversify their portfolios, with Malaga trust, the first openly traded trust to offer equity in real estate.
The market milestone is also another opportunity for the investor.
The trust counts with Malaga´s several premium category properties such as the corporate rental Málaga I, II and III, offered by Consorcio Malaga, SA.
The office buildings, scattered around the upscale Piantini sector, are worth more than US$8.2 million, and all offices are currently occupied except one.
The new formula, contrary to what occurs with government bonds, isn’t an investment in debt, but in equity, in real property instead.
The investor who buys a stake in the trust becomes a co-owner of Malaga´s real properties and obtains a variable yield, based on the performance which corporate rentals generate over time.
Juan Mustafá is the general manager of the trust fund, owned by Inversiones Popular.
Oct 23, 2015
Category: DR News |