OUR FUNDS – SURFCA
SurFund Casco Antiguo (ticker: SURFCA) is the first publicly traded fund to offer investors of all sizes access to a portfolio of UNESCO World Heritage Site assets.
In the historical location of Casco Antiguo, a UNESCO Heritage site and one of Panama’s top tourism destinations.
Investment Thesis
Historic district real estate has attractive supply and demand profile.
Real estate in historic district provides direct exposure to Panama’s growing tourism industry.
Variable rents contracts provide inflation protection.
Irreplicable core portfolio assembled from rent producing assets built by Conservatorio over its 17 years developing in the historic district provides immediate scale.
Active asset management to curate top quality tenants drives high occupancy, sales and collection rates.
Opportunistic acquisitions of rent producing assets leveraging SURFCA’s tax-efficient public structure drives growth.
Low leverage strategy reduces risk profile.
Net Zero 2030 Carbon Neutrality commitment.
Investment in recovering UNESCO World Hertitage Site buildings.
Technical partnerships to provide training and business development support for small and micro enterprises that make up 70% of our commercial tenants.
SurFund Casco Antiguo Portafolio Data
(as of February 2022)
-
AUM $21 MM
In assets under
management -
11
Operating assets
-
7,000 m²
GLA (Gross
leasable area) -
USD $800K
Revenue for last
twelve months -
30
Tenants
Selected Properties
Casa Ruigar
Las Clementinas
La Cevichería
Casa Ruigar II
El Colegio II
Flor de Lirio
PH Central