Numerous . REITs and other institutions have invested in real property connected to maquiladoras, retail development and tourism. This trend should persist because Mexico is ripe for continued investment. With respect to retail development, for example, there are fewer than 1,000 malls and shopping centers in Mexico, which has a population of approximately 110 million people. In comparison, there are more than 102,000 malls and shopping centers in the ., which has a population of approximately 306 million people. The International Council of Shopping Centers (ICSC) indicates that “there are just square feet of retail per capita in Mexico,.