Why Puerto Rico
A ten-year long recession has plagued the island causing nearly half a million people to leave to the continental United States over the past several years. On top of that, September 2017 brought the back-to-back hurricanes of Irma and Maria, which have left many parts of the island still without power nearly six months later.
Post-Maria, a moratorium on foreclosures was declared by the Puerto Rican government, but that policy will be lifted as of May 2018. With nearly one-third of the island's home owners behind on their mortgage payments and a pre-hurricane foreclosure and delinquency rate that already clocked in at 35% (double the national average in the hight of the housing burst in 2010), the next several years are going to see thousands of distressed properties coming to market.
This presents a significant investment opportunity, which will result in many predatory investors coming onto the island. Our fund is seeking to create an investment vehicle for individuals to leverage their capital and support the revitalization of Puerto Rico, while not sacrificing ROI.
Fund Model
Vida Hermosa invests in low income, multi-family properties across Puerto Rico.
Social Good
An overarching value that sets us apart as an investment opportunity is that we are fundamentally committed to being a positive force in revitalizing and rebuilding Puerto Rico. Beyond our work in rehabilitating distressed properties and providing clean and safe places for people to live, we plan to put our money to work with a portion of our returns going directly to social impact on the island.
Newsroom
"U.S. government extends foreclosure relief in Puerto Rico, Virgin Islands"
By Nick Brown, Reuters - March 1, 2018
"For Investors, Puerto Rico Is a Fantasy Blank Slate"
By Yarimar Bonilla, The Nation - February 28, 2018
"Choosing to stay in Puerto Rico, seeking economic and political renaissance"
By Luisita Lopez Torregrosa, NBC News - February 17, 2018
Reach Out
Are you interested in putting your money to good use and getting a solid ROI at the same time? Get in touch.