For Fibra Uno, Mexico’s first REIT, positivity is essential in moving forward during the pandemic. In that interest, President Moises El-Mann Arazi and Fibra Uno are leveraging a strong 2020 and decades of real estate experience to stabilize operations till reopening.
Fibra Uno, the country’s strongest REIT, registered its best quarter at the start of 2020. It posted 12.3-percent growth at 5,169 million pesos and a net operating income increase of 13.4-percent at 4,160 million pesos year-over-year.
— Moises El-Mann Arazi (@Moises_El_Mann) August 20, 2020
Using these returns as an operating platform, Fibra Uno and Moises El-Mann Arazi implemented unique and individualized rent plans for tenants and tenant businesses. The team also provided emergency assistance in keeping essential businesses stocked. Moises El-Mann Arazi understands that reopening is a question of patience, which requires positivity.
He points to encouraging statistics, including Fibra Uno’s exceptional performance pre-pandemic, which signals a strong real estate industry, and the reopening of tourist destinations and hotels, which remain at 50 percent occupancy. He also notes Mexico’s boom in technology startups following the country’s Fintech Law. For Moises El-Mann Arazi, it’s all about perspective. The real estate industry has always seen ups and downs, and indications, he says, point to a continuing and robust industry. Moises El-Mann Arazi is the Fibra Uno President. He draws on 40 years of real estate experience in his real estate fundraising activities and his development of over 170 key projects.
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