InvestProperty Group, LLC Raises $11 Million From Accredited
Investors to Participate in Institutional-Quality Real Estate
Investments in Argentina
Firm is Developing Luxury Hotel in Buenos Aires and Winery and
Golf Resort in Mendoza; Properties Will Carry Algodon Brand Name
NEW YORK (Business Wire EON/PRWEB ) March 18, 2008 --
InvestProperty
Group, LLC (IPG Global Properties) has raised over $11
million from accredited investors. InvestProperty Group allows
individual accredited investors to diversify from the U.S. market by
participating in institutional-quality real estate investments in
Argentina, and capitalizing on an emerging market.
InvestProperty Group is developing Algodon
Mansion, a luxury hotel in the Recoleta neighborhood of Buenos
Aires. It will have ten luxury suites and is scheduled to open in
December 2008. IPG has also purchased and is developing the Algodon
Wine Estates in San Rafael, Mendoza, Argentina. The property
currently includes a winery and wine business, lodge, award-winning
restaurant, and golf course. The property produces many varieties of
wine with the largest being Malbec and Bonarda. Expansion for the estate
includes a hotel, additional golf courses, a championship tennis
complex, polo fields and luxury homesites. Algodon is a luxury brand
that IPG created for its Argentine properties and opportunities.
Said InvestProperty Group Chairman Scott Mathis, “The
significant interest and investment from U.S. accredited investors
enables us to accelerate development of the Algodon properties and
investigate other real-estate related opportunities in Argentina.
High-net worth individuals in the U.S. are recognizing that Argentina’s
property market represents a potentially rewarding way to hedge the
volatile and uncertain U.S. property and capital markets. Investing in
Argentina’s real estate remains discounted,
but it’s emerging quickly. Unlike most
high-end offshore property opportunities, the devalued dollar still goes
far.”
He added, “At IPG we’re
delighted to give accredited investors the ability, which we believe is
rare, to invest in Argentine real estate opportunities that would
otherwise only be available to institutional investors.”
For more information, please contact Alexandra Corriveau at
Sommerfield Communications, Inc. at 212-255-8386 or alexandra@sommerfield.com
About InvestProperty Group
InvestProperty Group, LLC is affiliated with Diversified
Private Equity Corp. (DPEC Partners), an integrated company whose
businesses bring entrepreneurial, private equity and
institutional-quality investments to accredited individual investors.
Qualified investors participate in IPG and other DPEC-offered
investments via DPEC’s wholly owned registered
broker-dealer, DPEC Capital, a FINRA member firm. DPEC Capital
focuses principally on opportunities created by DPEC companies.
See the original story at: http://eon.businesswire.com/releases/investproperty_group/algodon/prweb784854.htm
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