In the United States, MRV hires banks to look for partners for AHS

AHS Development Photo in Florida: MRV

The MRV Hired two banks to look for a partner to help grow the company AHSIts subsidiary To us: Bank of America (Bofa) It P.D.G.Found Column With market sources. The company is accelerating its growth in the North American market, where it builds apartment buildings for rent and then sells the project to large investors.

Last week, The Column MRV is evaluating fundraising alternatives for AHS, which has been confirmed by the committee. Official announcement to the market. MRV agreed to, in the short term, consider the entry of a potential strategic partner into AHS’s corporate structure and / or, in the medium term, the opening up of the subsidiary’s capital.

The fact that banks have already been hired to work on this process shows that this activity has strayed from its objectives, has already begun to enter the practical area and evidence suggests that this may change this year. Searched later, MRV, BofA and BTG did not comment.

The main piece

Two-thirds of MRV Group’s fourth-quarter net income focused on AHS. This is R $ 186.5 million. The subsidiary is a key part of the joint venture to diversify its real estate operations, including developer MRV, developer Urba and AHS ‘”dual” logo in Brazil.

The expectation is that the North American subsidiary will continue to generate attractive earnings in dollars. Founded in the state of Florida, AHS operates in 19 cities in the states of Florida, Texas and Georgia. In total, 10 projects are under construction, with 3,200 apartments up for sale, valued at US $ 915 million or approximately R $ 5.1 billion.

This note was broadcast on 03/24/22 at 5:55 pm.

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