VIEW CASE STUDIES
Mixed-use / Urban districts
74 apples
Terrain Typology
Project type
The shareholders had no prior experience in real estate development; the land use had to be changed from agricultural-forestry to urban in a prestigious area, within a post-pandemic context of scarce recreational spaces.
Final business case presentation (Jul. 2022): project value ≈$130M, margin ≈$31M over 15 years, combined revenues from land sales and timber forest exploitation, and generation of 500 direct jobs.
Mixed-use / Urban districts
analyzed built-up area
Terrain Typology
Project type
Structure a 100% bankable model with the cooperative as the sole owner and resolve a quarterly DSCR at the limit of the bank covenant.
Best & Highest Use Thesis (May 2026): Total CAPEX $120M, peak equity $40.2M, equity MOIC 8.9x–14.5x, stabilized DSCR 1.18x–2.23x.
Mixed-use / Urban districts
(3 registered parcels, ≈2.9 acres)
Terrain Typology
Project type
The focus groups rejected the board's two initial hypotheses (family housing and the socioeconomic AB segment); it was necessary to pivot the product.
Final business case (Feb. 2025): sale scenario with 19% IRR, +$2.26M NPV, $25.6M net profit in 3 years.
Mixed-use / Urban districts
(on 83,152 m² of total land, 11.8 manzanas)
Terrain Typology
Project type
Simultaneously validate 5 distinct business components, each with its own market demand and financial metrics.
Final investment prospectus (Jun. 2025): 80,943 m² of built area, total cost $74.58M, EBITDA margin $43.28M, net margin $25.59M, IRR between 13% and 23% depending on the component.
Mixed-use / Urban districts
development
Terrain Typology
Project type
Transforming an industrial warehouse into a multi-phase, mixed-use district on the northern periphery of San Salvador.
Final presentation (Jul. 2024): cost $35.8M, sales revenue $58.2M, net margin 24.6%, sale IRR 16.4%–37%, rental IRR 29%, term 8 years.
Mixed-use / Urban districts
(financial model development area)
Terrain Typology
Project type
Convert the company's own operational facilities into a mixed-use development, in a city with high commercial and residential activity.
Final presentation (Jul. 2024): cost $20.5M, sales revenue $33.1M, net margin 24.3%, sale IRR 15%, rental IRR 25%, execution period 4 years.
Capital Perspective · HBU and structuring · 2024 – 2026