SOURCE: Procopio

January 27, 2006 15:50 ET

Procopio Announces 2006 Investing in Mexican Real Estate Conference

Expert Panelists From U.S. and Mexico Will Educate Investors on Navigating the Perils of Cross-Border Real Estate Transactions

SAN DIEGO, CA -- (MARKET WIRE) -- January 27, 2006 -- In response to upward real estate market trends and growth opportunity in Mexico, Procopio, Cory, Hargreaves & Savitch LLP., is hosting the 2006 Investing in Mexican Real Estate Conference. A third-day extension of the 2006 USD School of Law-Procopio International Tax Institute (ITI), the conference will be devoted entirely to the topic of investing in cross-border real estate and understanding the legal complexities. The one-day conference, scheduled for Saturday, Feb. 25, 2006, will feature a diverse panel of experts from both sides of the border, sharing knowledge and insight on how to successfully navigate this lucrative market.

"Already, one million Americans live in Mexico and the retiring baby boomer population is attracted by the weather, affordability and quality health care," said Patrick W. Martin, Esq., partner and team leader of the tax team at Procopio, Cory, Hargreaves & Savitch LLP. "Housing production and investments have increased nearly 45 percent in the past few years according to a national commission in Mexico. In addition, recent strengthening of property rights and contract laws are making it more feasible for non-citizens to conduct transactions. Success in this market is attainable, but it is essential to get all the facts."

The Investing in Mexican Real Estate conference combines a wealth of resources and information into one day of learning from an extensive body of seasoned professionals. Headlining the event is keynote speaker Lic. Juan Manuel Gutierrez Nava, general counsel, FONATUR (National Tourism Development Fund) Mexico. The conference will feature sessions with the following internationally recognized real estate, business and investing experts:

-- David Collins, president and founder, Active Living International
-- Stephen Games, CEO, Prudential California Realty
-- Gerardo de Nicolas Gutierrez, CEO, Homex Development Corporation
-- Jeffrey Davidow, former U.S. Ambassador to Mexico; president,
    Institute of the Americas

"This highly respected group of speakers will help investors exploring Mexico's booming real estate market avoid potential pitfalls from the start," added Martin.

Conference session highlights, include:

-- Overview: Mexican Real Estate Transactions (Key Differences vs.
    U.S. Deals)
-- Overview: Selling or Acquiring Beach Front Properties -- After the
    Development Closes (Fideicomisos, Ejidos and Alka Seltzer)
-- Overview of Mexican Tax Considerations of Real Estate -- ABCs of SRLs,
   SAs and SCs
-- Financing of Mexican Real Estate Deals -- Recent Developments in U.S.
   and Mexico (Funds and Investors)
-- Complex Mexican Tax Considerations for Real Estate (New Developments,
   Mexican REITs, Withholding Taxes, Value Added Taxes, etc.)
-- Top Ten List: Errors Commonly Made in Mexican Real Estate Deals &
   Hypo Development Deals -- Sales and Purchases
"With foreign investment into Mexico's tourism industry reaching over $3 billion in the past five years and 20 million visitors in 2004, Mexico's real estate development market is poised for significant growth," said, Enrique Hernandez, Esq., chair, international committee, taxation section, State Bar of California; international tax attorney with Procopio, Cory, Hargreaves & Savitch LLP. "Ten years ago, real estate investment in Mexico was risky, but with a strong mortgage finance market and a solid policy regime in place, the market is a growing opportunity for builders and investors of resort and retirement communities."

Additional industry experts speaking at the conference, include; Augustin Gómez del Campo; Eduardo Perez, CEO, Conficasa; Michael Fishman, Greenberg Taurig LLP.; German Goldman Serafin, Notary Public No. 10 for Nayarit (Nuevo Vallarta -- Punta Mita); Juan Jose Thomas, Notary Public No. 7, Tijuana, Baja California; and Lic. Jose Luis Perez Rocha.

The Investing in Mexican Real Estate conference will be held on Saturday, Feb. 25, 2006, from 9 am - 5 pm, at the Joan B. Kroc Center for Peace and Justice, University of San Diego.

The conference cost is $395 for early bird registration before Jan. 31, 2006 and $495 for those registering in February. For more information and to register, visit www.procopio.com/imre, call (800) 491-7353 or email Summer King at swk@procopio.com.

Contact Information

  • Media Contact:
    Todd Backus
    Ph: 619.955.7766
    Email: Email Contact

    Conference Contact:
    Summer King
    Ph: 619.515.3297
    Email: Email Contact