The Monterrey businessman Sergio Arguelles, along with his partner Joaquin de Monet, created their second real estate investment fund in the United States, which hopes to reach a total value of $450 million over a period of 6 to 12 months.

It is Palisades Income & Growth Fund II, which has already started raising funds last week among Mexican investors, with the aim of acquiring suburban office portfolios in markets in the western U.S. such as Colorado, Texas, Arizona, California, Oregon and Washington.

 

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