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HOMEX CEO Gerardo de Nicolas is Panelist at Wharton Second Annual Real Estate Forum

 

NEW YORK, Dec. 11 /PRNewswire-FirstCall/ -- Today, Gerardo de Nicolas, Chief Executive Officer of Homex (NYSE: HXM), participated in the Knowledge Wharton Second Annual Real Estate Forum, here in New York City. Mr. de Nicolas joined an international panel, discussing Lessons Learned from Developing Markets, which included other important real estate leaders from developing markets, including Bruce Gardner, Managing Director of Multinational Logistics Partnership from Russia; Gary Garrabrant, CEO of Equity International from the United States; Aniruddha Joshi, Executive Director of Hirco Group from United Kingdom; and Laila Macharia, CEO of Scion Real from Kenya.

At the forum, investors, academics and real estate developers heard firsthand the strategies that these leaders have applied successfully under unique and challenging emerging market scenarios as well as their long term visions for real estate. Mr. de Nicolas shared Mexico's housing success story and the importance of having the support of and close working relationship with dedicated mortgage banking institutions, such as INFONAVIT and FOVISSSTE, combined with a favorable government housing policy, as is the case in Mexico. At the same time, Mr. de Nicolas spoke about Homex' leadership and innovation in the homebuilding industry in Mexico; the company's unique business model and core focus on the affordable entry-level housing sector, as well as its conservative financial policy, providing for a strong financial position; and, finally, the continued positive population dynamics and housing demand which has outpaced the supply of new homes in the country. He expressed confidence in the long term growth outlook for the housing industry and for Homex.

The forum featured other panels and speakers, including other notable international real state leaders, including Sam Zell, Chairman of Equity Group Investments.

About Homex

Homex is a leading, vertically integrated home development company focused on affordable entry-level and middle-income housing in Mexico. It is one of the most geographically diverse homebuilders in the country. Homex has a leading position in the top four markets in Mexico and is the largest home builder in Mexico, based on revenues, number of homes sold and net income.

Homex' reports and other written materials may from time to time contain statements about expected future events and financial results that are forward-looking and subject to risks and uncertainties. Forward-looking statements involve inherent risks and uncertainties. Homex cautions you that a number of important factors can cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include economic and political conditions and government policies in Mexico or elsewhere, including changes in housing and mortgage policies, inflation rates, exchange rates, regulatory developments, customer demand and competition. For those statements, Homex claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Discussion of factors that may affect future results is contained in our filings with the Securities and Exchange Commission.

For additional corporate information please visit the Company's web site at: www.homex.com.mx

    Investor Contacts
    investor.relations@homex.com.mx

    Vania Fueyo
    Investor Relations Officer
    +5266-7758-5838
    vfueyo@homex.com.mx

SOURCE Desarrolladora Homex, S.A.B. de C.V.

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RELATED LINKS
http://www.homex.com.mx

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