Brazilian Rolls Out Mall RE Fund

Brazilian real estate investment firm RB Capital is preparing a BRL122m ($61m) shopping center-focused real-estate fund, according to regulatory documents. The RB Capital 5R Shopping Centers Fundo de Investimento Imobiliario (FII) fund is to consist of the Shopping Praca Taquaral, located in the state of Sao Paulo and operated by the firm 5R. The timing of the transaction is unclear. RB Capital is managing the placement itself.