Fibra Mty Pursuing Strategic Goals in Mexico’s Office, Industrial Markets

Javier Llaca Garcia, COO of Fibra Mty (BMV: FMTY14), joined Nareit for a video interview at REITworld 2017.

Based in the northeastern Mexican city of Monterrey, Fibra Mty primarily owns office and industrial properties.

Llaca said Fibra Mty seeks to convey to potential investors that the company is a “U.S. REIT with a Mexican zip code,” in so far as it has adopted world-class corporate governance practices.

At the time of its initial public offering (IPO) in 2014, Fibra Mty was the first internally managed and advised Mexican REIT, or fibra, Llaca noted. The internal structure creates economies of scale and a better alignment of interests between shareholders and management, he added.

About half of Fibra Mty’s income is generated from properties in the state of Monterrey, Llaca said. The company also has properties across nine other states in Mexico, reflecting Fibra Mty’s mandate to achieve geographic diversity, he added.