Our Story
Our goal was to find an exciting investment niche around which to build a modern, scalable, and environmentally conscious real estate company. We wanted this niche to benefit from a secular macro trend, have structurally attractive supply-demand dynamics, and allow us to innovate, pioneer, and become its leaders.
Founding ProximityParks
ProximityParks origins begin at Stanford Graduate School of Business in 2014, where we engaged in a deep introspective and exploratory process that lasted more than 2 years.
After rounds of research, vetting, and iteration, several trips across the US, Europe, Asia, and Latin America, and countless enriching conversations (including some life-changing ones) with wise professors, investors, and entrepreneurs the world over, ProximityParks was founded in 2017, becoming the first pure-play last mile industrial real estate investment company, focused on Latin America.
The ProximityParks Founders Fund
The ProximityParks Founders Fund was then launched in 2019, with the first portfolio property acquisition shortly thereafter. From then on, our talented team has grown steadily, keeping pace with exciting developments in our property and tenant portfolio.
Our Evolution
ProximityParks Fund II completed its first closing in October 2023, securing USD $190 M in capital commitments from a majority of institutional investors (with a target size of USD $280 M by final closing).
The CEO & Co-founder of ProximityParks co-founded Grupo Inveregio, a real estate development firm with over 20 years of experience, headquartered in Monterrey.
Retail
64,000 sqm
(688,890 sqft)
Retail
64,000 sqm
(688,890 sqft)
Retail
64,000 sqm
(688,890 sqft)
Retail
64,000 sqm
(688,890 sqft)
Over USD $200 M of capital deployed.
ProximityParks origins begin at Stanford Graduate School of Business.
ProximityParks was founded in 2017, becoming the first pure-play last mile industrial real estate investment company, focused on Latin America.
The ProximityParks Fund I was launched in 2019, reaching USD $140 M in total commitments (including co-investment vehicles).
ProximityParks Fund I completed 11 acquisitions for a total of USD $169 M: Five have been stabilized with an occupancy rate of 95%, other six properties are being developed under The ProximityParks Standard.
Thinking Ahead
As we grow and evolve, what sets us apart is our firm belief that the business decisions and practices of today must exceed the standards of tomorrow. We’re always thinking ahead.
At the heart of our vision is a relentless commitment to forward-thinking strategies and innovation. Embrace the future with us – because at ProximityParks, we are always thinking ahead.