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IRSA Snapshot
No one in Argentina is crying for IRSA, one of the country's largest real estate investment and development firms. IRSA, with its subsidiaries and joint ventures, manages a portfolio of shopping centers and office buildings primarily in Buenos Aires. The company also develops residential subdivisions and apartments (specializing in high-rises and loft-style conversions) and owns shares in several Argentine luxury hotels. It owns a majority of Tarshop, which originates credit cards for its shopping center tenants, and it also owns about 95% of Alto Palermo. Argentina-based agricultural firm Cresud owns more than 50% of IRSA.
