Real Estate Development Investment Funds

Real Estate Development Mutual Funds are independent patrimonies administrated by Management Companies of Mutual Funds, at the risk of the participants, whose primary objective is to invest in real estate projects in various stages of design and construction for completion and sale, or lease options.

In addition, development funds can purchase properties to generate capital gains.

The real estate development funds are constituted as closed funds and are of restricted public offering in accordance with the Regulations on Public Tenders.

This figure play an important role in the real estate industry, as they allow development of large real estate projects with funds from different investors, and also has an structure of debt/capital generally between 70/30 and 80/20.