Mexico's Fibra Park Life to go public on March 31

MEXICO CITY, March 20 (Reuters) - Mexican real estate investment trust Fibra Park Life, which specializes in rental housing, plans to debut on the domestic stock market on March 31 with an initial public offering of units worth approximately 308 million pesos ($17.2 million), the company said on Friday.

Fibra Park Life expects to place up to 1.4 million real estate investment certificates at a price ranging from 200 to 240 pesos each, according to company filings.

The firm had originally planned to debut on the market this week. Fibra Park Life did not immediately comment on the reasons behind the delay.

Its initial portfolio consists of four properties, located in prime real estate areas of the capital Mexico City and the central city of Queretaro, which together comprise a total of 287 residential units.

Fibra Park Life plans to use the proceeds from the transaction to finance new acquisitions and operating capital.

(1 dollar = 17.9010 Mexican pesos)