MEXICO CITY--(BUSINESS WIRE)--FIBRA Macquarie México (FIBRA Macquarie) (BMV:FIBRAMQ) today announced the appointment of Mr. Juan Monroy as chief executive officer, effective immediately. Mr. Monroy has served as FIBRA Macquarie’s head of acquisitions since FIBRA Macquarie’s inception in 2012 and has also served as its chief operating officer since April 2014.
"Juan is the ideal candidate to lead the next phase of FIBRA Macquarie’s development,” said Mr. Matthew Banks, president of the board of directors of FIBRA Macquarie’s manager. “As CEO, Juan will focus on the continued expansion of FIBRA Macquarie’s portfolio of high-quality properties and the improved performance of its existing properties. In addition, Juan’s range of experience in the real estate sector, both in Mexico and internationally, and his track record of growing businesses in management, board director and corporate development roles, will help drive increased efficiency."
Mr. Monroy succeeds Mr. Jaime Lara. Mr. Lara will continue to work with Macquarie Infrastructure and Real Assets on regional investment initiatives outside FIBRA Macquarie’s investment mandate. In addition, Mr. Lara will continue to be a member of FIBRA Macquarie’s Technical Committee.
“On behalf of the board of directors, I want to thank Jaime for his many valuable contributions as CEO,” said Mr. Banks. “As FIBRA Macquarie’s founding CEO, Jaime has helped us achieve numerous significant milestones including two successful global offerings, several acquisitions of high quality industrial and retail/office properties, and the development of our internal property administration platform. We are pleased that he will continue to be involved with Macquarie in separate business initiatives."
Biographical Details – Juan Monroy
Mr. Monroy joined Macquarie in 2012 and has a total of 18 years of real estate investment and development experience. Prior to joining Macquarie, he was a partner in a real estate development and investment firm focused on residential and retail real estate development, primarily in Mexico City. He is a former director of acquisitions at Acadia Realty Trust, a former vice president of international at Loews Cineplex Entertainment, and a former private equity professional at Onex Investment Corp.
Mr. Monroy received his BA in Business and Finance from the Instituto Tecnológico de Estudios Superiores de Monterrey (ITESM) where he graduated with honors. He received his MBA from NYU Stern School of Business and completed the Real Estate Management Program at Harvard Business School.
About FIBRA Macquarie
FIBRA Macquarie México (FIBRA Macquarie) (BMV: FIBRAMQ) is a real estate investment trust (fideicomiso de inversíon en bienes raices), or FIBRA, listed on the Mexican Stock Exchange (Bolsa Mexicana de Valores) targeting industrial, retail and office real estate opportunities in Mexico, with a primary focus on stabilized income-producing properties. FIBRA Macquarie’s portfolio consists of 260 industrial properties and 17 retail/office properties, located in 24 cities across 19 Mexican states (as of March 31, 2015). Nine of the retail/office properties are held through a 50/50 joint venture with Grupo Frisa. FIBRA Macquarie is managed by Macquarie México Real Estate Management, S.A. de C.V. which operates within the Macquarie Infrastructure and Real Assets division of Macquarie Group. For additional information about FIBRA Macquarie, please visit www.mmreit.com.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Macquarie acts on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries. Macquarie employs approximately 14,000 people and has assets under management of over US$370 billion (as of March 31, 2015).
MIRA is a business within the Macquarie Asset Management division of Macquarie Group and a global alternative asset manager focused on real estate, infrastructure, agriculture and energy assets. MIRA has significant expertise over the entire investment lifecycle, with capabilities in investment sourcing, investment management, investment realization and investor relationships. Established in 1996, MIRA has approximately US$100 billion of total assets under management as of December 31, 2014 with more than 400 employees managing 50 listed and unlisted funds worldwide.
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