Paul Hastings represents Fibra Monterrey in US$176 Million offering of Real Estate Trust Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios)
New York, NY – Paul Hastings LLP, a leading global law firm, represented Mexican real estate investment trust Fibra Monterrey (Fibra MTY) in connection with Fibra MTY’s US$176 Million offering. The offering of real estate securities, also known as CBFIs (Certificados Bursátiles Fiduciarios Inmobiliarios) was offered publicly in Mexico on the Mexican Stock Exchange and within the United States as a private placement pursuant to, and in accordance with, Section 4(a)(2) of the Securities Act of 1933, and outside of the United States to non-U.S. persons (as defined in Regulation S under the Securities Act).
Launched in 2014, Fibra MTY manages a portfolio of corporate properties focusing on office spaces and the industrial sector. The trust owns assets in nine Mexican states, covering over 818,000 square meters of land. The vehicle made its capital markets debut in 2015 by raising US$120 million in an IPO. Fibras are investment vehicles dedicated to the acquisition and development of real estate assets in Mexico.
Latin America practice partners Mike Fitzgerald and Arturo Carrillo led the Paul Hastings team, which also included counsel Pedro Reyes and foreign associate Juan Pablo Rodriguez Sada in New York.
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