Two Amigos

Palisades Capital Realty Advisors managing principal Joaquin de Monet's frequent trips to Mexico aren't just about cheering for the local soccer heroes in the World Cup. Palisades Mexico Partners, his JV with Monterrey-based FINSA president Sergio Arguelles, has launched a fund to buy value-add, Class-A and B office properties in suburban Western US markets. Palisades Private Capital Fund I is raising $50M and slated to acquire three institutional-quality assets in SoCal, Texas, and Arizona. The partnership is targeting $100M in the coming months, connecting with high-net-worth individuals and family offices in Mexico and Latin America. Joaquin and his Palisades Capital team will source investments and manage the fund.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Los Angeles Newsletters
Related Stories

DivcoWest Sells Glendale Office Building For $70M

Daniel Negari Buys Downtown LA Hotel For $34M

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Stockdale Capital Partners, Hamilton Lane Acquire Chino Hills Shopping Center For $157M

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

California Emerging As Data Center Fallback Market Amid Nationwide Opposition

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Chapman Market Owners Get $29M Refinance: The Los Angeles Deal Sheet

Lineage Suing Solar Company Altus Power Over Boyle Heights Warehouse Fire

HPP, Blackstone Nab Extension On $1.1B Loan Tied To 2.2M SF Hollywood Portfolio

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years