Homex

Homex was formed in 1989 at Culiacán, Sinaloa. Its initial focus was commercial construction. In the early 1990s, the company expanded into other states, and began work in affordable housing construction. In 1999, ZN Mexico Funds acquired a minority stake.In 2002, the company received a major investment of $32 million from Sam Zell, through his Equity International Investment Fund. In the mid 2000s, Homex grew rapidly, expanding production from 5,000 homes a year to over 50,000 homes per year. Homex went public in 2004, with shares dual-listed on the New York Stock Exchange and Mexican Stock Exchange; the offering raised $141 million. The company issued a private offering of US$250 million in Senior Guaranteed Notes in 2005, and a secondary public offering of approximately 46 million shares of its common stock in 2006.

After acquiring rival builder Casas Beta through a merger in 2005, Homex became the largest homebuilder in Mexico in terms of operating profit and net income. In the late 2000s, the company expanded into international, tourism-related, and government infrastructure development. Equity International divested in 2008.

Starting in 2011, Homex started a transition towards vertical construction in Mexico.

In 2014, Homex was delisted from the New York Stock Exchange.