Andre El-Mann Arazi Modernizing Mexican Real Estate With Fibra Uno
Right along with such institutions as Brookfield Asset Management, American Tower Corporation, SEGRO, Covivio SA, and Link Real Estate, Mexico’s first real estate investment trust, Fibra Uno, headed by CEO Andre El-Mann Arazi, ranks as a Forbes most valuable real estate company worldwide. Factors for qualification included sales, assets, profits, and market value. For Fibra Uno, sales were at $1 billion, profits at $965 million, assets at $15 billion, and market value at $3.26 billion. Fibra Uno is a company known as FIBRA, similar to a REIT in the US. A FIBRA purchase, manages, and leases properties and pays periodic dividends for investors who help finance the endeavors.
Fibra Uno also trades like security on the Mexican Stock Exchange. The Fibra Uno real estate company, led by CEO Andre El-Mann Arazi began in 2011 with 13 properties. Bringing 35 years of real estate activity to the company, Andre El-Mann Arazi and the El-Mann family have grown Fibra Uno to include 741 properties with 10 million square meters in gross leasable area and a 94-percent occupancy level. Andre El-Mann Arazi has over three decades of real estate sector experience. He is also a Fibra Uno technical committee member and a co-founder of the Fibra Uno parent company, e-Group. El-Man Arazi is a participating board member for several Mexican banks, including BBVA Bancomer, and Grupo Financiero Actinver, and the TechnoWise Group.
— Andre El-Mann Arazi (@AndrElMannArazi) June 1, 2020