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.”
“Jamestown has been studying and analyzing the merits and opportunities of emerging markets for the past decade, and we are convinced now is a good inflection point in which to enter the market,” said Matt Bronfman, global CEO of Jamestown.
Jamestown Latin America's strategy includes opening local offices in Rio de Janeiro, Brazil, and Bogota, Colombia, that will be staffed with an experienced team of investment and asset management personnel who have expertise in the company's core markets. To reach its goals, the firm plans to partner with local operators and developers, while leveraging Jamestown's existing infrastructure, resources and institutional relationships to provide a best-in-class investment platform.
Jamestown has been investing in high-quality U.S. real estate for 30 years. The company acquires, develops and manages some of the most prominent commercial and residential properties in the United States, including Chelsea Market and One Times Square in New York; Boston's Newbury Collection; 799 Market St. and 22 Fourth in San Francisco; and Atlanta's Ponce City Market.
The firm has offices in Atlanta, Cologne, Germany, New York City, San Francisco, CA, Boston, MA, and Washington, D.C.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
