Mass housing CEO goes on 7-city US investor tour
8990 Holdings (HOUSE PM) CEO JJ B. Attencio (left).
SAN FRANCISCO — Decker & Co, an institutional broker specializing in Southeast Asia and the Asian Frontier, recently completed a US investor tour for 8990 Holdings (HOUSE PM) CEO JJ B. Attencio.
Attencio spent two weeks in the US traveling in New York, Colorado, Salt Lake city,San Diego, Newport Beach, Los Angeles and San Francisco visiting investors with total assets of more than $88 billion.
He leads the largest mass housing developer in the Philippines. It is known for construction technology that allows it to build housing units in as little as 8 to 10 days.
He presented the company’s growth plans and financial condition with potential US-based global investors.
At present, Attencio estimates his company has a housing backlog of 3.6 million units. He says strong demand is due to overseas foreign workers (OFWs) remitting money back to the Philippines, as well as the growth of business process outsourcing companies, which employ a million young people, many of whom are ready for affordable housing.
“We are pleased to bring leaders such as JJ Attencio to the US to meet with investors,” said Mark Decker, founder and president of Decker & Co.
“US institutional investors are interested in learning more about these companies and appreciate the opportunity to meet with management teams.”
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