“Thanks to the excellent work of our team, today we have approximately US$172.5 million in real estate funds, managed by our Investment Fund Management Company, which demonstrates the confidence of our investors.”
SANTO DOMINGO.- Excel, a leading investment banking services group, announced the addition of new properties to the portfolio of the Excel II Real Estate Closed Investment Fund.
This operation includes a total of ten premises, distributed in two shopping centers in the city of Santo Domingo.
Seven of these spaces are located in Bella Piazza on Sarasota Avenue in this city, occupied by tenants representing attractive businesses for the area: Chili's, The Crime, Pizzarelli, Jet Pack, Orgánica, and Only Natural. The remaining three are located in Occidental Mall and correspond to the spaces occupied by the well-known Amadita Laboratory and Papa John's pizzeria.
Joselin Cruz, the fund's administrator, highlighted that "It is with great satisfaction that we 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,” he added.
For his part, Banahí Tavarez, vice-president of the Board of Directors of the Investment Fund Management Company, referred to the efficient work of the company's human team:
“Our funds represent an ideal access route for personal and business investors seeking the peace of mind and security that comes from having a team of professionals dedicated to efficiently managing real estate and investment assets.”.
"Thanks to the excellent work of our team, today we have an approximate portfolio of US$172.5 million in real estate funds, managed by our Investment Fund Management Company, which demonstrates the confidence of our contributors," he highlighted.
Likewise, the executive highlighted, “these acquisitions are part of our ongoing investment plan, contribute to the fund's profitability, and are available to investors as a vehicle to generate regular income through rent, backed by high-profile tenants and long-term capital gains.”.
FICI Excel II, which began operations in 2019, has maintained constant growth, investing in income-generating commercial and office properties.
The executives also reported that new issuances will be made in the coming days to continue with the planned acquisitions, which represents an important strategic move and demonstrates the level of confidence and strength that Excel has.
The fund's shares are available on the secondary market for investors.
The Excel II Real Estate Investment Fund is aimed at individual or legal investors who wish to participate in a real estate portfolio and eventually in the capital gains that these assets may generate.
About Excel
Excel is a long-established group of investment banking services companies comprised, in the Dominican Republic, of Excel Puesto de Bolsa, Excel Consulting, and Excel SAFI, and internationally by Excel Capital Partners. Its services include advisory services related to capital markets, securities brokerage, asset management, structuring of issuances, and financial advisory services, among others.
As a leading investment banking firm, it stands out for its contributions to the development of the country's equity market as a vehicle for growth. Leveraging the accumulated knowledge and experience of its team, it structures innovative and easy-to-understand products, giving individual and corporate investors access to the diversification and profitability benefits offered by the stock market.
It has a team of professionals with vast experience in the capital markets who work daily to provide products and services that enhance the results of the investments of their personal, business and institutional clients.
About Real Estate Funds Excel
Its objective is to generate short-term periodic income through the sale or rental of real estate, as well as long-term capital gains through the generation of capital appreciation, investing in commercial, industrial, office or other types of real estate, except for housing, which translates into a medium-risk fund.
