Fibra Multifamily is preparing to be listed as the first real estate investment trust specialized in the rental housing business, a new segment within the Reits sector in Mexico.

The real estate trust will seek to raise up to 3,000 million pesos with the issuance of its titles through the Institutional Stock Exchange (BIVA).

The departure of Fibra Multifamily stands out because it will offer a new alternative for institutional investment in a sector that until now is vacant in the mexican Reits sector and because it is the first instrument of its kind to be placed in the new stock market.

With the resources from the offer, the new issuer will develop six rental housing projects, which will make up the initial portfolio.

The units will be located in the states of Jalisco, Guanajuato, Querétaro y Nuevo León; they will comprise a total of 1,142 homes that will be ready for operation between 2023 and 2024.

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Although, in addition, Fibra Multifamily has identified more than 20 projects that could include them in its portfolio in the medium and long term.

The offer is expected to be made in the course of this month of May and the sale price of each real estate trust stock certificate (CBFI) is preliminarily estimated to be 10 pesos.

"The objective of Fibra Multifamily is to develop, initially, an initial portfolio of projects that comprise between 1,200 and 1,500 rental housing units, in the main cities of Mexico with a relevant level of economic activity within the country," says the real estate trust offer document.

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In Mexico City there is a wide range of apartments for rent, but one of the delegations that offers a great variety of prices and amenities is Benito Juárez, where you can find prices from 5,000 pesos per month and from 1 bedroom to more than Four.

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