consorcio ara february 2006 www consorcioara com mx is a mexican housing building corporation specialized in affordable entry level construction at large scale which includes urban infrastructure schools shopping centers and recreation areas 28 years has built more than 150 000 units also developments for middle income residential segments as well hospitals hotels industrial warehouses office buildings national presence wide geographic diversification operations 17 states covering those regions with higher economic demographic growth owns an strategic land bank of 34 7 million square meters enough to build 146 221 homes master plan 1 introduction the largest industry fifth concrete producer nation all self consumed since s ipo september 1996 achieved or exceeded it goals 36 quarters stock part ipc calculation january 1999 msci june 2002 first homebuilder pay dividend ever may 2005 yield 3 best rating