Conconcreto and Century Homebuilders Group joined forces to establish Century Asset Management, a specialized firm dedicated to identifying and developing real estate investments in high-potential urban areas. Their focus is on maximizing returns for Colombian investors interested in Miami’s rental market, offering opportunities without the complexities of setting up international companies.
The fund generates real estate investments opportunities to make profitable the capital of natural or legal persons in the housing apartment rental business in Miami, United States, where Colombians will be able to invest without the need to create companies or companies abroad.
Century Asset Management works alongside professional real estate operators, who are complemented by in-house capabilities to generate value in projects with a focus on generating NOI (Net Operating Income) in the long term.
Those who want to make real estate investments
People who want to make real estate investments will be able to do so through an investment portfolio featuring multifamily projects that have already acquired land, designs, and construction permits to begin development in the short term.
According to the firm, returns can be higher than 12% effective annually (E.A.) and the expected cash flow can be close to 6% annually in dollars, which allows the investment to be diversified outside the country.
“There is a transfer of all the appreciation of the assets to the investor, delivering returns higher than those offered by other real estate rental funds, providing a unique investment alternative given the low financing rates, the increase in demand for housing in the short and medium term due to the migration of people to South Florida, market vacancy rates below 3% and low unemployment rates,” the company said.
This strategic initiative underscores Century Asset Management’s dedication to delivering reliable returns and fostering sustainable growth in Miami’s competitive real estate market, ensuring that investors can capitalize on promising opportunities with confidence in long-term profitability and value creation.
