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US Investment Climbing in Mexico

Despite the border fence outcry, the barriers between Mexico and the US are coming down as private equity funds, institutions and REITs join mom-and-pop buyers.

By Connie Gore | Updated on November 13, 2007

Dallas —Despite the border fence outcry, the barriers between Mexico and the US are coming down as private equity funds, institutions and REITs join mom-and-pop buyers. Those small-scale investors, once the catalyst for cross-border investment, are now being sidelined by the well-to-do. The multifamily sector is the beneficiary of the boon.

Market pros say it’s impossible to tabulate the capital flow into Mexico’s coastal and resort areas, but the investment landscape is North America’s version of Dubai. At the forefront are apartment, condo and resort developers from the US, Mexico and Spain. The dance card holds names like Chicago’s Sam Zell; New York City’s Donald Trump; Dallas-based Rosewood Hotels & Resorts LLC; Toronto-based Four Seasons Hotels Inc.; White Plains, NY-based St. Regis Hotels & Resorts; Bethesda, MD-based Marriott International Inc.; and the Atlanta-based development arm of the UK powerhouse, InterContintental Hotels Group plc–and the list goes on and on.

“I don’t know if anybody has attempted to quantify the numbers, plus it would be difficult to get information,” says Embree C. Bedsole, Dallas-based managing director of the hospitality and leisure group for Alvarez & Marsal Real Estate Advisory Services LLC of New York City. “It’s just wild guesses. The amount of money coming from the US, Mexico and Spain is just phenomenal.”

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