O’Donnell formed its first fund in 1994 and developed a 34 hectares (“has”) green field industrial zoned land in Querétaro, Mexico (JV structure). It financed the project with US$3.0mm of initial private equity capital, and later secured it with debt financing from JP Morgan and GE Capital.


• In 2004, O’Donnell signed a co-investment agreement with Prudential Real Estate Investors (“PREI”), to co-invest and develop industrial assets. The transaction was distinguished by the following:
PREI’s first co-investment platform in Latin America; It was seeded with a 278,000 sf built-to-suit (“BTS”) with Mattel in North Mexico City. Soon thereafter, O’Donnell sold its investor’s interest in OAIQ, which represented a 4-building portfolio sale totaling more than 627,000 sf, to the O’Donnell / PREI JV (the “Partnership”).
  
• From 2004 to 2008, the Partnership grew their industrial portfolio’s leasable area at a ~50% CAGR; and, the Partnership included 39 properties in 7 industrial markets, totaling 7.56m sf., with an average property size of 193,846 sf.
93% of the portfolio’s area was built ground up on a speculative basis, and the remaining 7% represented build to suits or opportunistic acquisitions.
• By 2008, O’Donnell co-owned and managed the fifth largest industrial portfolio in Mexico, in large part as a result of these portfolio additions.
• In 2009 and 2011 O’Donnell was chosen by PREI to manage a total of 39 additional buildings (4.97mm sf.) located in 7 markets in northern Mexico. The addition of the Brasa and Bermudez portfolios (2009) combined with the contribution of the IGS portfolio (2011) increased O’Donnell’s portfolio size by 67%.
• In 2013, O’Donnell contributed its assets to PREI’s industrial Mexican FIBRA (Terrafina) (a Mexican Real Estate Investment Trust or REIT), which was valued at US$1.0 bn, and O’Donnell managed 60% of the initial portfolio.
On Dec 2013, the company leased 1.5 mm sf., renewed 3.5 mm sf., and developed a 30 has. industrial park in Monterrey, a 50 has. industrial in Querétaro, and expanded a building in North Mexico City totaling 181,729 sf. Today, O’Donnell manages 78 properties, which jointly add up to 12.36 mm sf. in 12 markets throughout Mexico.