ATLANTA—Jamestown, a real estate investment and management firm that has raised over $5 billion in equity for its various funds, has launched a new division, Jamestown Latin America. The new unit which will invest in real estate assets across Latin America.

Jamestown Latin America will be led by Phillip Fitzgerald, who brings over 20 years of institutional real estate investment and management experience to his new post as CEO of Jamestown Latin America. Fitzgerald most recently served as managing director of emerging markets for Paladin Realty Partners, where a team that he led managed investments in more than $4 billion of real estate assets.

“Latin America presents an incredible opportunity for real estate investment,” Fitzgerald said. “Over the past two decades, the countries on which we are focusing have implemented crucial economic and political reforms, leading to a growing middle class that has unmet demands for every type of real estate product. There is another 20 years of opportunity ahead of us based on Latin America's youthful demographic and growing prosperity.”