Latin American Investors Targeted by Miami's "Condo King" Jorge Perez and His Related Group: 4+ New Condo Projects With Intl Sales Group


With ink barely dry on the Community Planning Act, savvy foreign investors are flocking to Florida and its real estate investment opportunities. In the same month that Resort World Miami was announced by Malaysian investors, Condo King Jorge Perez and his well-known firm, The Related Group, revealed their new partnership with International Sales Group, helmed by Philip Spiegelman and Craig Studnicky.

Jorge Perez Knows Real Estate, Florida, and Latin America

You may remember Jorge Perez: in 2005, TIME magazine named him one of the 25 most influential Hispanics in the United States; in 2007, Forbes magazine named him one of the 400 Richest Americans, and in past years, his Related Group was routinely named as one of the largest Hispanic-owned businesses in the USA, although current economic factors have found Related Group no longer on that list in 2010.

The new partnership between the real estate developer and the international brokerage will operate under the name "Related ISG" and their efforts are targeting the South Florida condo market for interested buyers in Mexico, Central America, and South America.

First, they will be promoting a Hollywood, Florida, condo project at Apogee Beach (ground breaking set for early 2012) where condominium homes in the 22 story oceanfront building will be marketed primarily to Latin American buyers.

That's right: Florida is getting an influx of cash from foreign sources, as we've been predicting for awhile now.

Condo King's Dedication to Bringing Latin American Clients Into South Florida Real Estate Gets National Attention

The Wall Street Journal considers Related's financial package to be "unconventional" because it will ask buyers to pay over 80% of their condo's building expense during construction - lots more cash that Americans are used to considering, even at a 20% down payment.

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