Quintin Primo's Capri Africa raising up to $300M for Africa real estate investment fund

Quintin Primo, Co-Founder, Chairman and CEO, Capri Capital Partners

Africa may be too risky for many real estate investors, but Quintin Primo thinks the potential rewards are worth the risk.

After restructuring Capri Capital Partners, the Chicago-based real estate company he co-founded 23 years ago, Primo has high hopes for the continent, believing an expanding population and strong economic growth will deliver good opportunities for one of his businesses, Capri Africa.

And he is convinced that now is the time because African currencies are weak and the price of oil and other commodities produced there are low, holding down real estate prices and other key costs. The African unit is about to make its first investments there, in three retail developments in Ghana and Kenya and an office project in Nigeria, Primo said.

Read more: Quintin Primo's restructured Capri targets Africa – News – Crain's Chicago Business.