Brazilian Rolls Out RE Fund

JHSF is preparing a BRL400m ($196m) Brazilian domestic market real estate fund focused on residential property. The Rio Bravo Fazenda Boa Vista Capital Protegido Fundo de Investimento Imobiliario (FII) is able to be upsized to as much as BRL540m, according to a regulatory document. The developer is expected to begin marketing February 21. Private equity firm Rio Bravo is the fund’s coordinator and administrator.