GenX Capital Partners to Develop Luxury Beachfront Eco-Resort in Isla Aguada, Mexico

MIAMI, November 15, 2018 (Newswire.com) - GenX Capital Partners has been aggressively active the last the few years investing in and placing equity and debt for mid-level and institutional quality real estate developers and acquisition firms, closing sizeable equity deals for such powerhouses as Millennia Companies, Stark Enterprises, Hudson Holdings to name just a few. In the past 12 months, however, the firm has also begun acquiring and/or investing in undervalued and opportunistic assets for their own account, with acquisitions from $250,000 to $10+ million. Managing Partner Mark McClure says that they are not geographically restricted and can venture outside the United States if the deal has enough merit and there is a significant opportunistic component that is just too good to pass up. Isla Aguada in Campeche, Mexico presented just that type of opportunity.

"Over the past 2 years we have kept our eye on Isla Aguada, a sleepy fishing island in Campeche, Mexico with miles and miles of unspoiled white sandy beaches, crystal blue waters and increased tourism as the Mexican government along with European and Russian investors continue to build and create infrastructure. Not too far away in Cancun and Playa Del Carmen commercial beachfront parcels are $20+ million dollars, it's insane, and growth is heading this way. We had the opportunity to acquire a sizeable beach front position that consists of 40 acres and runs 1.24 miles deep, complete with a gorgeous lagoon, palm trees, right off a major highway and a city aggressively looking to bring growth and tourism here, so we decided to make a move", McClure stated.

McClure may be on to something. Since January of this year, there have been an astounding 49 purchase and sales agreements executed on the beachfront strip of Isla Aguada for residential and eco-resort hotel development projects, with upscale Club Med in negotiations to bring their five-star resort to the island, not too far from GenX Capital's development. Furthermore, the Isla Aguada hotel zone area recorded the highest land price inflation that pushed the cost of one linear meter of oceanfront land to $20,000 USD, up from $15,000 USD per linear meter year ago, resulting in a 33% jump in land valuation.

"No question this is an ideal opportunity for not only commercial developers like GenX Capital, but individual real estate investors as well. When Cancun exploded and Playa Del Carmen started to materialize, developers were telling investors to put their money in Playa Del Carmen as it was the 'next Cancun.' Now it's cost prohibitive to buy beachfront in Playa Del Carmen. Then Tulum exploded and on and on and on. Isla Iguada is the next hot spot. We are seeing significant Russian, European and Canadian money pouring in and snatching up the best beachfront parcels and we didn't want to stand ideal. We see current values increasing next year five and six-fold at a minimum. I mean you can come here and get the gorgeous blue water and white sandy beaches of Cancun and Playa Del Carmen without the crowds, crime and overpriced room rates. Now is the time to capitalize on this momentum. In the stock market, you had Apple, Facebook, Microsoft, etc., companies you wished you had got into at the ground level. Real estate has those same types of market situations and Isla Aguada is that type of opportunity," McClure added.

GenX Capital Partners says it plans to break ground 3rd quarter of 2019 with 14 beachfront bungalows (renderings pictured), luxury pool bar/restaurant and fitness facility. All the 1 bedroom units will be a spacious 1,200 square feet, include a kitchen and private infinite pool and list for $250,000-$450,000 USD with low interest, 50% seller financing. The firm intends to conduct a full-scale marketing launch January 2019.

Source: GenX Capital Partners

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