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Ascentis Real Estate Partners featured in exclusive interview with GlobeSt. News of $200 million fund garnering media interest

Ascentis Real Estate Partners President and CEO, Andres Gonzalez was featured in a recent GlobeSt. article on Finesa’s recent $200 million equity fund. Ascentis created the private equity fund, Diversified International Partners, to invest in US commercial real estate. Commitments of $70 million were secured from three Columbian pension funds in its first round; exceeding the original $50 million target by 40%.

Ascentis Real Estate Partners President and CEO, Andres Gonzalez was featured in a recent GlobeSt. article on Finesa’s recent $200 million equity fund. Finesa created the private equity fund, Diversified International Partners, to invest in US commercial real estate. Commitments of $70 million were secured from three Columbian pension funds in its first round; exceeding the original $50 million target by 40%.

The over-subscription of the initial offering is a reflection of the strong interest in the US market by Latin American investors. The US market is very attractive to International investors who have seen a great potential for upside returns. Mr. Gonzales was quoted in the article as saying: “If you look at this from a relative basis, Latin America has had a pretty good run on real estate during the past 10 years.. Colombia, Brazil, Mexico; their asset prices are on the higher end, counter to what we’re seeing in the U.S. So investors have the possibility of investing in that asset class that’s done so well for them, and in a market where you have upside, as opposed to investing in the local market where upside is capped.”

You can find the full article at www.globest.com

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