|
|
Article: Citigroup Property Investors Takes On Loreto Bay Company's Sustainable Vision Through a Joint Venture.
- Article from:
- PR Newswire
- Article date:
- January 24, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
LORETO, Mexico, Jan. 24 /PRNewswire/ -- Loreto Bay Company and Citigroup Property Investors (CPI) announced today a joint venture resulting in shared ownership of Loreto Bay Company. The Company is the developer of North America's largest sustainable resort community located in the region of Loreto in Baja California Sur, Mexico. Citigroup Property Investors provided growth capital to the Company to accelerate its business plan, and contributed its share of the Inn at Loreto Bay, a previous joint venture by the two companies, in exchange for units of Loreto Bay Company.
"Citigroup Property Investors' strong reputation and interest in our sustainable platform ...