North American Institutional Investors Eye Brazil´s Multi-unit Real Estate Rental Market

A partnership of North American investors and Brazilian real estate professionals will be one of the first-ever institutionally owned and operated multifamily real estate investment platforms in Brazil.

RIO DE JANEIRO, BRAZIL - On Tuesday, January 19th, the Canada Pension Plan Investment Board (CPP Investments), which manages around C$456.7 billion (R$1.9 trillion) in pension assets on behalf of the 20 million contributors and beneficiaries of the Canada Pension Plan, announced that it is part of an investment consortium including Greystar Real Estate Partners and Cyrela Brazil that will partner with Brazilian real estate developer SKR to develop, own and operate a purpose-built multifamily rental project in the Pinheiros/Rebouças district of São Paulo.

With completion expected in 2023, CPP says the asset . . .

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