FynsaUpper & MarketSpace Capital Execute on
$150 Million Equity Investment Strategy
HOUSTON, TEXAS – August 30, 2021
In a joint webinar hosted by MarketSpace Capital, FynsaUpper announced that it has entered into an agreement to create a strategic relationship with MarketSpace Capital, a real estate private equity firm, to invest in both value-add and new construction multifamily developments throughout the Southwest United States. FynsaUpper is a joint venture and collaboration between two of South America’s most respected financial institutions, Chaners S.A. from Uruguay and Finanzas y Negocios from Chile.
The FynsaUpper association was established in 2021 to acquire, develop and advise on real estate assets in the US, through well differentiated investment strategies. The Investment Platform seeks to create an institutional quality portfolio with equity commitments of at least USD $500 million during the next 5 years, delivering competitive long-term returns to investors. USD $150 million of the equity commitments will be deployed strategically through MarketSpace Capital in a program to acquire and/or develop, rehabilitate, and operate multi-family for rent properties across Houston and Dallas, TX, (and other markets as mutually agreed by the parties).
Juan Eduardo Biehl, Partner of Fynsa said “I have seen no better fundamentals and time in history to deploy our client’s capital into real estate in North America”. He continued, “and I think MarketSpace Capital holds a huge experience on selecting, analyzing and performing real estate investments and execute on our join investment strategy in the Southwest USA.”
Over the past decade, MarketSpace Capital and its leadership team have invested in 19 investment properties totaling over $400 million of cumulative asset value. Out of these 19 investments, MarketSpace Capital has gone full cycle and sold six of these properties, thereby generating attractive returns for their investors. Additionally, MarketSpace Capital and its co-development partners, presently have over $1 Billion in assets under management.
MarketSpace Capital Co-Founder and Principal, Sohail Hassan said, “At MarketSpace Capital, we are extremely proud of our relationship with FynsaUpper as we can now build an investment bridge between North and South America. We look forward to expanding the investment footprint for the clients of FynsaUpper into the Southwest United States. FynsaUpper should be very proud of the alternative investment strategy that they have created for their valuable investors.”
Gonzalo Colucci, Founding Partner and Head of Strategy at Uppergrowth Alternative Investments commented that “our underlying goal is to seek the highest possible return, with the lowest amount of risk possible for our investments. Working with MarketSpace Capital for over a year now, we believe that we have found a young and cerebral firm which follows the data on each and every investment. We are looking forward to a solid relationship for many years to come.”
About the FynsaUpper Investment Platform
In the context of a long-term strategic partnership, FYNSA and Uppergrowth created an integrated platform which is able to serve scalable real estate strategies through a unique approach. Global thinking, behavioral research and community level execution through a small set of strong local relationships, combined with a thorough and agile investment process, allows us to bring our investors closer to the assets. FynsaUpper is truly an investment, and development platform created to unleash transformational growth through a human-centered approach to thinking and investing.
In early 2018, Uppergrowth was founded as a specialized alternative investments manager, establishing a vertically integrated real estate investment, development and property management platform operating in Latin America and the US. Uppergrowth is focused mainly on the development of large-scale, institutional-quality mixed-use for rent projects initially in Lima, Santiago and Buenos Aires, and the creation of an investment corridor from LatAm into the US. Catalyzing innovation in the alternative investments space, Uppergrowth partners, with unique, creative minds, tier 1 asset managers and other sophisticated investors, seeks to democratize access to superlative quality goods, services, and solutions in fundamental areas of life.
FYNSA is a financial boutique for more than 35 years. It offers its clients an extensive network of business and contacts in Chile and the world and it does so with a professional team aligned with the values of the company. The partners and their teams have decades of experience in financial markets, where they’ve achieved a solid track record in the different areas in which the firm is involved. This includes stock brokerage, corporate finance, asset management and wealth management.
About MarketSpace Capital
MarketSpace Capital is a private equity real estate firm focused on ground-up developments and value-add investments throughout the U.S. Through its relationships, expertise and disciplined, data-driven analysis, MarketSpace Capital’s veteran staff has completed over $1 billion in transactions and has the capability and experience required to maximize value creation through a comprehensive, programmatic, and conservative investment and asset management approach. In addition to producing consistent returns, MarketSpace Capital seeks to create positive economic impact and long-term value for its investors, the properties it invests in, and the communities in which it works.
Investors should note that trading securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, no assurance of liquidity, which could impact the price and ability to sell, and possible loss of principal invested. Further, an investment in single security could mean lack of diversification and, consequently, higher risk. Potential investors are urged to consult a professional adviser regarding any economic, tax, legal or other consequences of trading any securities as described herein.
No Offer, Solicitation, Investment Advice or Recommendations
This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by any of the parties mentioned herein or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any other security. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives, and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible corrections. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.
This release contains forward-looking statements. In addition, from time to time, the parties mentioned herein, their subsidiaries, or their representatives may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which is derived from currently available information. Such forward-looking statements relate to future events or future performance, including financial performance and projections; growth in revenue and earnings; and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including, without limitation: the ability of the parties mentioned herein and their subsidiaries to change the direction; their ability to keep pace with new technology and changing market needs; and competition. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this release and other statements made from time to time by the parties mentioned herein, their subsidiaries or their respective representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions. The Parties mentioned herein, their subsidiaries, and their representatives are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this release and other statements made from time to time by the respective parties their subsidiaries or their representatives might not occur.
Pablo Massera Ceroni
Sohail Hassan, +1-281-766-9784
MarketSpace Capital, LLC is a Houston, Texas-based private equity real estate development firm focused on ground up developments and value-add investments throughout the United States.
Disclaimer: *For sold properties, actual sales price is reported. For active investments, the Estimated Current Value is based on the Managing Member’s estimate of current value. Recent acquisitions are generally valued at the acquisition price. Values may be internally prepared. This web-page/website is for informational purposes only and is qualified in its entirety by reference to the Confidential Private Placement Memorandum (as modified or supplemented from time to time, the “Memorandum”) of any offering of MarketSpace Capital.