• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
Quilla NewsFinance & Technology
ENES

REIT in Argentina: bet on "lagging" square meter with tickets from $1,000 and quarterly dollar rents

FinanceInternationalAmbito35 s readAI summary
Image: Ambito

A REIT in Argentina's capital market, with a minimum ticket of $1,000 and quarterly rent payments in dollars, already has more than 10,000 investors. Its managers argue that the price per square meter in Buenos Aires, measured in dollars, has lagged behind other financial assets, wages and economy-wide prices. They aim to combine rental yields of between 6% and 8% in hard currency with property appreciation.

In 35 seconds

  • The instrument has a minimum ticket of $1,000 and quarterly rent payments in dollars, with more than 10,000 investors.
  • According to its managers, the Buenos Aires square meter in dollars has lagged behind other assets, wages and economy-wide prices.
  • They aim to combine rents of 6% to 8% a year in hard currency with property appreciation.
Read the full story at Ambito

IASummary generated by artificial intelligence from a story by Ambito. It may contain errors: the original source prevails.

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