The Real Deal Miami

Mexican politician under fire for failing to disclose purchase of Sunny Isles condo

Alejandra Barrales owes her condo association more than $7,200 in maintenance fees
March 23, 2017 12:05PM

Rendering of 400 Sunny Isles. Inset: Alejandra Barrales

The head of Mexico’s center-left Party of the Democratic Revolution failed to include her nearly $1 million purchase of a Sunny Isles condo in a list of her assets, leading to a wave of criticism in her home country. 

Alejandra Barrales, who’s led the Mexican opposition party since July, paid $990,000 for a unit at 400 Sunny Isles last year and financed the deal with a $297,000 mortgage. She bought the unit under Maxba Development, a Florida corporation. But Barrales didn’t disclose the property until last week, according to Univision and the Miami Herald.

In 2016, she disclosed a salary of about $75,000, plus $70,000 through “financial activity.” Barrales’ more than $506,000 in earnings come from leases, royalties and other sources. She told Univision that she plans to rent the unit, which is not currently on the market. In the meantime, she owes the 400 Sunny Isles condo association maintenance fees totaling more than $7,200, not including interest.

Mexican elite have flocked to Miami real estate in the past, including first lady Angelica Rivera. The Mexican founder of Citi Bike Miami paid the property taxes on Rivera’s Key Biscayne condo, the Herald previously reported. [Miami Herald] – Katherine Kallergis