Real Estate Investments
Daniel and Alvaro have been business partners since 1998, founding their first entrepreneurial firm focused on information strategy and digital design. Their journey began in architecture school, where, after transferring from the departments of industrial engineering and music, they embraced a systems-thinking approach towards problem-solving, integrating knowledge from various fields.
In 2002, Alvaro moved to the US to broaden his business expertise, working first at a real estate development firm. He earned a master’s degree in real estate investment and finance and later worked for private equity real estate funds in the US and Mexico. Meanwhile, Daniel continued his career in the telecommunications sector, actively participating in corporate restructuring transactions, leading a venture capital incubator, and as a manger in a private equity firm investing in Latin American markets.
Following a decade of corporate and private equity work experience, Alvaro and Daniel ventured into the Colombian real estate market in 2012. They identified the rise of an institutional capital market within a fragmented property landscape. Their observation revealed that existing firms failed to deliver services at the caliber of international standards, and their compensation structures were not consistently aligned with the best interests of property owners.
Seeing an opportunity, they founded BASE Property Group in 2013, believing that long-term asset value requires a deep understanding of the real estate system and active management. BASE employs a holistic systems-thinking approach to identify key value drivers in its investment structures, always prioritizing the interests of property owners and users. The firm integrates professional management services to align with owners’ goals.
Without standards, there can be no improvement.
Founded in 2023, Latin American Real Estate Vehicles (LAREV) is a regional organization for investors and professional managers in the real estate investment industry. LAREV aligns regional investment and reporting standards in real estate, alongside its global peers NCREIF, INREV, ANREV, to promote international best practices and consistent disclosure of investment information. LAREV advocates for a neutral perspective that prioritizes the interests of the industry as a whole over any particular stakeholder interests. LAREV aspires to become a center of knowledge and a centralized repository of real estate investment data for the region to enhance both the quality and quantity of information available for the sector.
Founded in 1982, the National Council of Real Estate Fiduciaries (NCREIF) is a member-driven, not-for-profit association focused on US markets. NCREIF aims to enhance knowledge in the private real estate investment industry by providing transparent and consistent data, performance measurement, analytics, standards, and education. The organization is committed to fostering a collaborative and supportive culture to advance industry transparency, best practices, and professionalism. For more than 40 years, NCREIF has played a pivotal role in defining the highest standards for industry information infrastructure and fiduciary responsibility.
Founded in 2012, ColCapital is the Colombian Private Equity Association, with a focus on fostering, developing, and promoting the Private Equity Funds industry in Colombia. Its objective is to be the transformative, facilitating, and coordinating agent of this industry, acting as a catalyst for collective savings and economic growth, under the highest standards of management. ColCapital aims to achieve this mission through the common representation of its members and the consideration of the interests of all industry stakeholders.
Founded in 1907, the Building Owners and Managers Association (BOMA) International is a federation of U.S. local associations and global affiliates. For over 100 years, BOMA has been the leading trade association for commercial real estate property management, representing owners, managers, service providers, and other property professionals across all commercial building types—office, industrial, healthcare, corporate, and mixed-use. BOMA International is leading institution serving individuals in the real estate property management industry, helping them maximize the value for their careers, organizations, and assets. The organization’s mission is to advance a vibrant commercial real estate industry through advocacy, influence, and knowledge.
Founded in 1948, the Construction Specifications Institute (CSI) is a US not-for-profit association dedicated to improving the communication of construction information through continuous development and transformation of standards and formats. The organization focuses on the education and certification of professionals to enhance project delivery processes. CSI members work tirelessly to effectively communicate the designers’ vision, the material producers’ solutions, and the constructors’ techniques to create outstanding facilities that meet the objectives of facility owners.
At BASE, integrity is the bedrock of our values. We believe in teamwork, understanding that our collective value exceeds that of any individual. Each person assumes a key role in the company’s success. With a team of more than 30 dedicated members, we strive to improve the functionality and value of buildings, working diligently to make them better every day.
Alvaro Jaramillo is a founding member of BASE Property Group and, as Managing Director, he shares the firm’s executive and leadership functions. He focuses on investment management, financial structuring, and advisory services. Before joining BASE, he held the position of Vice President of DTZ Rockwood/RCIM (2007-2013), where he played an active role in the investment and management of the ING/Clarion Partners Lion Mexico Fund, as well as structuring a separately managed investment vehicle for AIMCo in Mexico.
His prior background includes work at Stonemar Properties in New York (2006-2007), a private equity firm focused on shopping center acquisitions and operations, where he participated in the investment and management of a portfolio of US retail assets. Prior to that Alvaro held the position of Development Manager at Aegis Property Group in Philadelphia (2002-2005), a development management firm catering to institutional clients and corporate real estate owners.
With more than 20 years of experience, Alvaro brings extensive expertise to the firm, particularly in the institutional real estate investment sector in Colombia, Mexico, and the US. Currently, he serves as a member of the investment committee for several real estate funds in Colombia, and actively participates in industry-specific knowledge centers such as LAREV and ColCapital. Additionally, he holds the position of adjunct professor of real estate studies at Universidad de los Andes and teaches a seminar of private equity vehicles at ColCapital/EAFIT in Bogotá Colombia.
Schack Institute of Real Estate, NYU, MSc RE Investment & Finance (2006)
The Wharton School, UPenn, Cert. Finance-Accounting (2004)
Universidad de los Andes, BSc Architecture (2000)
Daniel Rodriguez is a founding member of BASE Property Group and, as Managing Partner, he shares the firm’s executive and leadership functions. He focuses on investor relations, identifying new business opportunities and real estate development management. Prior to joining BASE, he served as CEO of Grupo Veremonte (2011-2013), overseeing investments in Brazil and Colombia. During his tenure, he played a crucial role in the acquisition and re-structuring of Grupo Amper (Spain).
Daniel’s prior background includes working in the telecom industry, where he held the position of General Director at Terra Networks (2007-2011) operating in Colombia, Ecuador, and Venezuela. He also contributed to the restructuring process of Grupo Telecom (2002-2005) which resulted in the sale to Telefonica Colombia (2005-2006). In this role, he implemented a repositioning strategy for the company’s real estate assets.
With over 20 years of experience in managing multinational companies in Latin America, Daniel brings a wealth of expertise to BASE Property Group. He has direct experience in corporate restructuring processes and the repositioning of real estate assets. Daniel maintains a broad network of regional clients and investors participating in the LatAm market.
Additionally, he has served on the board of several multinational firms in the real estate, technology, and public service sectors. Daniel actively participates in industry-specific knowledge centers such as LAREV and ColCapital.
Universidad de los Andes, BSc Architecture (2000)
Lida Rodriguez joined BASE Property Group in 2015. In her current role as Operations Director she is responsible for the firm’s asset management activities, tenant relations, and oversight of the property management team, and a third-party staff of over 50 individuals. Lida actively participates in operational budgeting for new development projects and provides advisory services for our clients.
Prior to BASE, Lida served as Project Director at MTS (2011-2015), a property management firm, where she managed property-level operations for Class A corporate office buildings in Bogotá. Previously, Lida held the position of Operations Coordinator at Coninsa RH (2005-2011), a real estate firm focused on Multifamily assets, where she was responsible for implementing operational efficiency projects. She began her career as an IT Coordinator in Consultoría Colombiana (1999-2005).
With over 15 years of direct experience in real estate operations and property management, Lida plays a crucial role in helping BASE’s clients to anticipate the needs to efficiently run a real estate asset as a going enterprise and identify opportunities to enhance operations.
Universidad Viña del Mar, MBA (2011)
Universidad Viña del Mar, Cert. Business and Project Management (2011)
Universidad San Martin, BSc Systems Engineering (2009)
Maria Adelaida Ramirez
Maria Adelaida Ramirez joined BASE Property Group in 2021 as Development Director. She is responsible for the financial structuring, coordination of pre-construction activities, and capital sourcing for the ground-up development of a 154,000 M2 project, the first phase of a master planned mixed-use complex known as Cafam Floresta Ciudad Central. Additionally, Maria Adelaida actively participates in the financial evaluation of new development projects and providing advisory services to our clients.
Before joining BASE, Maria Adelaida served as an Investment Manager at Paladin Realty (2020-2021) as part of a private equity real estate fund, directly responsible for asset management, and was involved in capital raising, and investor relations. Previously she held the position of Director of Investments and Analysis at Inverlink (2015-2019), where she participated in the capital raising process for its real estate fund and subsequent merger with BTG Pactual to create Visum. Before that she worked as a Project Manager at a local real estate development firm.
With over 10 years of experience of institutional real estate investments and development in Colombia, Maria Adelaida helps BASE’s clients bridge the gap between financial knowledge and real development expertise.
Universidad de los Andes, BSc Industrial Engineering (2011)
Universidad de los Andes, BSc Business Administration (2011)
Luis Ernesto Alvarez
Luis Ernesto Alvarez joined BASE Property Group in 2023 as Construction Director. He is responsible for project management, including coordination of technical design activities, construction budgeting and procurement planning for the construction of a 154,000 M2 project, the first phase of a master planned mixed-use complex known as Cafam Floresta Ciudad Central. Additionally, Luis Ernesto oversees in the technical aspects of projects led by BASE’s development team and provides advisory services to our clients.
Prior to joining BASE, Luis Ernesto served as Project Coordinator at SGS, (2021-2022) a multinational engineering and construction supervision firm where he focused on overseeing large infrastructure projects for EAAB, Bogotá’s water supply and sewage company. Before that Luis Ernesto held the role of Director of Projects and Operations at SD&C (2002-2021) a Colombian construction firm with a track record on both private real estate and public sector infrastructure projects. Prior to that he worked at Mayor’s Office of Bogotá (1999-2004) where he was responsible for the coordination and maintenance of more than 1,300 public works and parks. Luis Ernesto has prior experience working at local engineering firms.
With over 25 years of experience in project management and construction, Luis Ernesto contributes to BASE’s development team by enhancing its construction cost forecasting models, value engineering, and contract procurement. Luis Eduardo is a certified member of the Project Management Institute (PMI).
Universidad EAFIT, Cert. Finance (2001)
Universidad Javeriana, BSc Civil Engineering (1997)
Juan David Hernández
Controller & General AccountantLinkedin
Juan David Hernandez joined BASE Property Group in 2022 as Controller and General Accountant. In his current role, he oversees the accounting processes for all special purpose real estate vehicles managed by BASE on behalf of its clients, and acts as the general accountant for the company. Juan David is responsible for coordinating tax reporting information with our clients’ accounting teams and third-party advisors. Additionally, he leads innovation projects within the company, focusing on enhancing accounting procedures with ERP software and information integration with real estate industry-specific operational platforms.
Prior to joining BASE, Juan David served as the Finance and Accounting Director at DSI (2020-2022) a local food wholesale company, where he was responsible managing the company’s finances and acting as the general accountant. Before that, he worked Sandvik Colombia (2010-2020), part of a global engineering group serving the mining industry. There, he held the position of General Accountant and was responsible financial reporting in Colombia, and consolidation with regional entities in Peru and Chile to report to headquarters in Sweden. Prior to that Juan David worked as a Senior Accounting Analyst in Mitsubishi Electric Colombia (2008-2010). He also has prior experience working as an accounting assistant in other local companies.
With over 10 years of experience in financial management and accounting for multinational companies in Latin America, Juan David contributes to BASE’s commitment to implementing the best global practices in financial reporting for its clients.
Universidad EAN, MBA (2022)
Universidad Libre, BSc Certified Public Accountant (2012)
Best Corporate Building
Bienal Panamericana de Arquitectura
Silver Award Architectural Proyect
Bienal Colombiana de Arquitectura
Best Commercial Building
Bienal Arquitectura Buenos Aires
Best Office Mid-Rise Building
Global Architizer A+ Awards
Gold Award in Innovation in Construction
Premios Cemex Colombia
Silver Award in Building Construction
Premios Cemex Colombia
Real Estate Excellence
Bienal Iberoamericana de Arquitectura
Commercial & Mixed-Use Buildings
Innovation in Construction
Premio Cemex Internacional