Excel, a leading group in investment banking services, advances in its growth strategy by announcing the incorporation of new properties to the property portfolio of the Closed Real Estate Investment Fund Excel II.
It is an operation that includes a total of ten stores, distributed in two shopping centers in Santo Domingo. Seven of them located in the Bella Piazza squareon Sarasota Avenue, occupied by tenants who represent attractive businesses for the area: Chili’s, The Crime, Pizzarelli, Jet Pack, Organic and Only Natural.
The remaining three are located in Occidental Mall, and correspond to the spaces occupied by the renowned Amadita Laboratory and the Papa John’s pizzeria.
representatives
Joselin Cruz, administrator of the Fund, highlighted: “It is a source of great satisfaction for us to share with you that we continue to materialize the investment strategy of the Excel II Fund, through new acquisitions that strengthen it.
Currently, 93% of this fund’s assets are invested in real estate located in strategic areas of Santo Domingo and we plan to continue developing our portfolio, expanding to other areas of the country, with high development potential”.
The vice-president of the Board of Directors of the Investment Fund Management Company, Banahí Tavarez, referred to the efficient work of the company’s human team.
“Our funds represent an ideal access route for personal and business investors who seek tranquility and security that it provides to have a team of professionals dedicated to efficiently managing the management of real estate assets and investments"Tavarez said.
He added that "thanks to the excellent work of our team, today we have an approximate equity of US$172.5 million in real estate fundsmanaged by our Investment Fund Management Company, which shows the confidence of our contributors”.
The executive highlighted, “these acquisitions are part of our continuous investment plan, they provide profitability to the fund and are available to investors, as a vehicle to generate periodic income, through their rent, backed by high-profile tenants and profits from capital in the long term.
The FICI Excel II, which began operations in 2019, has been constantly growing, investing in commercial and office real estate that generate income. In addition, the executives reported that in the coming days, new broadcasts will be made.
They respond to the scheduled acquisition plan, which represents an important strategic move and demonstrates the level of trust and solidity that Excel has. The fund shares are available on the secondary market for investors.
The Excel II Real Estate Investment Fund is aimed at physical or legal investors who wish to participate in a real estate portfolio and eventually of the capital gains that these assets could generate.