Citigroup Property Investors Takes On Loreto Bay Company's Sustainable Vision Through a Joint Venture.

PR Newswire | January 24, 2007 | Copyright

LORETO, Mexico, Jan. 24 /PRNewswire/ -- Loreto Bay Company and Citigroup Property Investors (CPI) announced today a joint venture resulting in shared ownership of Loreto Bay Company. The Company is the developer of North America's largest sustainable resort community located in the region of Loreto in Baja California Sur, Mexico. Citigroup Property Investors provided growth capital to the Company to accelerate its business plan, and contributed its share of the Inn at Loreto Bay, a previous joint venture by the two companies, in exchange for units of Loreto Bay Company.

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