Chazen Mexico* Real Estate Study Tour

Transcription

1 Chazen Mexico* Real Estate Study Tour March 16 24, 2019 *NOTE: The Real Estate Study Tour is no longer going to Panama

2 Organizers April Jason Valentina Federica Chris Chye Yun Pardo Burelli Grube

3 Why Mexico now? The nominal GDP of Mexico is $1.177 trillion, making it the 14th richest country in the world Mexico has trade agreements with 40 countries, including the United States and many countries in the EU Mexico s fledgling market for real-estate investment trusts has come a long way since Fibra Uno launched the first Mexican REIT (also the first Latin American REIT) in 2011 Large foreign direct investment, coupled with population growth and the broadening of the service sector, is fueling a growing commercial real estate market in Mexico City

4 Mexico City What else is special? Mexico City is built on a lake called Texcoco The city is constantly sinking and has sunk more than nine meters in some areas over the last 100 years Mexico City is the largest Spanishspeaking city in the world; it is the richest city in Latin America Mexico City is a street food paradise With a pedigree dating back to pre-hispanic times the Spaniards were reportedly amazed when they arrived to find ready-to-eat food they called antojitos ( little cravings ) for sale on the streets and in the markets

5 Company Visits (Tentative)

6 Teotihuacan Zocalo Panama Canal Museo de Antropologia Museo Soumaya Museo Soumaya Casa Azul

7 Teotihuacan Zocalo Panama Canal Casa Azul

8 Teotihuacan Zocalo Panama Canal Tentative Trip #1: Holbox Island remote, car-less, laid-back island off of Yucatan Peninsula pristine beaches and azure waters delicious seafood explore marine life street art

9 Teotihuacan Zocalo Tentative Trip #2: Oaxaca Panama Canal colonial old town renowned for its food tour and taste mezcal at artisanal production facilities expedition to natural rock formations Hierve el Agua

10 Teotihuacan Zocalo Panama Canal Tentative Trip #3: Cabo San Lucas Resort city at the southern tip of the Baja California Peninsula Known for its beaches, scuba diving locations, balnearios, the sea arch El Arco Castillo de Cabo de Chapultepec San Lucas, and marine life

11 Itinerary (Tentative) Dates: March 16 24, 2019 Tentative Idea #3: Cabo San Lucas Mexico City Tentative Idea #2: Oaxaca Tentative Idea #1: Holbox Island Number of students: 36 student participants (including 5 student organizers) Faculty Advisor: Leanne Lachman

12 Itinerary (Tentative) Saturday 3/16 Sunday 3/17 Monday 3/18 Tuesday 3/19 Wednesday 3/20 Thursday 3/21 Friday 3/22 Saturday 3/23 Sunday 3/24 9:00 AM Banamex / Citi JLL Mexico - 9:30 AM Iñaki Echeverria Real Estate Market Overview 10:00 AM Banking 10:30 AM Potential 11:00 AM Hospitality San Jose del 11:30 AM International Flight Prologis Company Visit Cabo 12:00 PM NYC - Cabo/Cancun (for 12:30 PM Holbox)/Oaxaca 1:00 PM Lunch Lunch Lunch at 1:30 PM Lunch "Fishers" Diemetro 2:00 PM Restaurant Lunch Architectos 2:30 PM LBR - Tour of 3:00 PM PREI Torre Bancomer 3:30 PM 4:00 PM Domestic Flight 4:30 PM 5:00 PM 5:30 PM 6:00 PM 6:30 PM 7:00 PM 7:30 PM 8:00 PM 8:30 PM 9:00 PM 9:30 PM 10:00 PM 10:30 PM 11:00 PM Check into Hotel Whale Watching/Island Hopping Welcome Dinner Local Nightlife Mezcaleria Tour Dinner at Hotel Rooftop Bar Cabo/Cancun/Oax aca - Mexico City Dinner at Hotel Hotel Bar Thor Urbana Capital / Hotel Stop Dinner at "El Cardenal" Alumni/Sponsor Drinks Hines SEDUVI (Dev. & Housing) Dinner at "El Lago" Restaurant Mama Rumba Salsa Club Reichman International Gfa Grupo Immobiliarion Dinner Bull Café & Bar AIG Global Real Estate Lunch LBR - Tour of Torre Bancomer Dinner Hipodromo de las Americas & Royal Yak Casino Basilica de Guadelupe & Tlatelolco Tour Lunch Visit to Teotihuacan Pyramids & Museum Dinner at Hotel Last night Social Brekfast Travel to Airport Flight back to New York Company Visit Site Tour Meal Social Activity (Optional) Cultural Activity

13 Per person: $1,800 - $2,000 Includes the following: Budget Ground Transportation within Mexico Airfare within Mexico Admissions and tour guides for cultural site visits included in the itinerary Most meals 4-5* hotel accommodation (double occupancy) Gratuity for tour guides & drivers Does not include the following: Roundtrip airfare from NYC Cabo/Holbox/Oaxaca and Mexico City NYC (approx. $ ) Personal purchases and optional activities Travel vaccinations Visas (as necessary)

14 Chazen Logistics Only full-time MBA students can attend (no significant others) Students with holds on their accounts will not be able to participate Students must attend the entire tour and all company visits are mandatory Students must have valid travel medical insurance Please do not attempt to shadow this trip Sign up is through a Dutch auction bidding process: chazentours.gsb.columbia.edu Participants must be a member of the Real Estate Association by the start of the trip Study tour Bidding Dates: Bidding Start: Thursday, November 8 Tuesday, November 13, 4pm Bidding Result: posted Wednesday, November 14 All successful bidders will receive an to pay a $500 non-refundable deposit within 48 hours Unsuccessful bidders will be placed on a waitlist (based on bid amount-highest to lowest. If a students secures a spot on the tour, he will be charged his/her waitlist bid amount

15 Questions? Please reach out to Jason Yun