Palisades Mexico Partners(PMP), a joint venture between Joaquin de Monet, founder and managing principal of Palisades Capital Realty Advisors LLC, and Sergio Arguelles, president/CEO of Monterrey, Mexico-based real estate development company FINSA, has formed Palisades Income and Growth Fund II. The $150 mil fund will aggregate a quality portfolio of core plus and value-add suburban office properties with a stable annual yield and opportunities for significant capital appreciation

The launch of the new fund comes at a time of aggressive expansion for Palisades Capital Realty Advisors and FINSA, and builds on two highly successful joint ventures, including the success of the PMP's Palisades Private Capital Fund I, establised in 2014. In Mexico, Arguelles recently launched his second non-traded REIT with $350 mil in pension fund commitments to be invested in industrial propertiesand development in Mexico.