Grupo Ferré Rangel, a Puerto Rico-based family office known for its focus on high-growth companies, has launched a new wholly owned subsidiary, Kingbird Properties, to expand its real estate portfolio in the U.S. and Latin America, the company announced.
The storm is expected to reach Puerto Rico between Tuesday and Wednesday, as a Category 5 hurricane, which could represent catastrophic damage for the island.
Numerous businesses have already announced plans to remain closed Tuesday and Wednesday as the massive Hurricane María approaches Puerto Rico, bringing with it potentially catastrophic damages, as weather officials have said.