Astamar Asset Management LLC, a Carlsbad (San Diego) & Texas-based private equity firm, has rapidly grown its international real estate portfolio to nearly $100 million in assets under management, reflecting surging investor demand across Mexico, the United States, and Dubai’s booming property markets.
Founded by Carlo Dupone and Ozden “Dalia” Avsar, the firm has established itself as a cross-border investment powerhouse, bridging opportunities between North America, Latin America, and Dubai.
Carlo, who has personally placed more than $90 million in debt financing and currently oversees a $15 million debt portfolio, leads the company’s fund management and acquisitions strategy. Dalia, a global entrepreneur and strategic advisor, brings decades of international business expertise and investor relations experience to the leadership team.
Astamar Asset Management LLC operates three private REITs under its growing global platform:
- Latitude 20 Equity Fund LLC – Focused on luxury and income-producing real estate in Mexico, a market attracting strong U.S., Canadian, and European investor interest.
- Latitude 25 Equity Fund LLC – Targeting Dubai, one of the fastest-growing global real estate hubs with mixed-use properties, hospitality assets, and strategic land acquisitions.
- Latitude 38 Equity Fund LLC – Concentrated on United States multi-family housing, with a strategy of acquiring and managing apartment communities ranging from 100 to 500+ units for long-term growth and income.
“Our vision has always been global,” said Carlo Dupone, CEO and Principal Fund Manager. “By combining institutional-grade strategies with international reach, we’re delivering both dividend cash flow and equity appreciation to investors seeking diversification outside traditional markets.”
The firm’s rapid expansion highlights the increasing appetite among accredited investors for alternative real estate investments that balance income stability with growth potential in emerging and established markets alike.
The firm’s flagship Latitude 20 Equity Fund has already secured $45 million of its $75 million cap, demonstrating strong investor confidence in the company’s international investment model. The fund targets strategic acquisitions in Mexico’s premier tourist destinations including Cabo, Cancún, Tulum, Playa del Carmen, Mérida, Nuevo Nayarit, Puerto Vallarta, Rosarito, and Ensenada.
“Our vision is to build a globally recognized private equity firm rooted in transparency, disciplined investment strategies, and sustainable growth. We are committed to creating opportunities that generate wealth for our investors while fostering responsible development in the markets we serve,” said Carlo Dupone, CEO & Principal Fund Manager.
The international real estate investment firm has positioned itself to benefit from significant demographic shifts in Mexico’s property market. Americans, Canadians, and Europeans are increasingly purchasing vacation homes and investment properties throughout the country, driven by affordability, lifestyle benefits, and strong rental income potential through platforms like Airbnb and VRBO.
Mexico’s appeal extends beyond tourism, with many international buyers seeking permanent residences or retirement homes. The country offers proximity to the United States, lower living costs, and year-round favorable weather conditions. Canadian buyers have historically dominated foreign real estate purchases in Mexico, particularly in coastal markets where they can escape harsh winters while generating rental income during off-seasons.
European investors from Spain, France, Germany, and the UK are also entering Mexico’s luxury property markets in growing numbers. These buyers are attracted by competitive pricing compared to European coastal cities and Mexico’s expanding international connectivity.
In Dubai, Astamar’s Latitude 25 Equity Fund capitalizes on one of the world’s fastest-growing real estate markets. The emirate’s tax-friendly policies, rapid population growth, and strong short-term rental demand create opportunities for both rental cash flow and equity appreciation. Luxury condominiums and branded residences in central Dubai locations are experiencing double-digit appreciation rates while generating substantial rental income.
The firm’s leadership team, including co-founder and principal Ozden “Dalia” Avsar, brings extensive experience in real estate development, fund management, international sales, compliance, and property operations. This expertise has enabled Astamar Asset Management to structure REIT-compliant investment vehicles and navigate complex international markets.
The company’s investment strategy focuses on balancing immediate cash flow from short-term rentals with long-term capital appreciation. In Mexico’s tourist destinations, properties benefit from consistent occupancy rates and premium nightly rental pricing, delivering quarterly dividends to investors while property values appreciate alongside infrastructure development and increased foreign investment.
Dubai’s real estate market offers similar dual benefits, with luxury properties generating robust rental yields while experiencing significant value growth driven by the city’s continued international appeal and economic expansion.
The firm differentiates itself through its emphasis on transparency, sustainability, and compliance across all markets. Whether developing luxury condominiums in Mexico, acquiring multi-family housing in the United States, or structuring investment vehicles in Dubai, the company maintains consistent standards for ethical management and investor protection.
As international real estate markets continue attracting cross-border investment, Astamar Asset Management’s multi-fund approach provides investors with diversified exposure to high-growth markets while maintaining disciplined investment strategies and risk management protocols.
