Join our mailing list for Real Estate News, Events, Insights & Resources.
Brookfield bets on multifamily and negotiates with Luggo
- In the first purchase, 5,100 apartments were acquired for R$1.26 billion.
By: SiiLA News
10/21/2022 Luggo, an MRV proptech focused on residential rental,
and Brookfield have negotiated the second batch of a package of residential
buildings. This negotiation is expected to involve a similar amount to that of
last December when the first package purchase took place. In a conversation
with Estadão newspaper, MRV's CFO, Ricardo Paixão, stated that the company
remains enthusiastic about the partnership and is always looking for new
business opportunities.
In the first purchase, 5,100 apartments were acquired
for R$1.26 billion, and now the expectation is to reach a similar amount.
If the transaction is concluded, Brookfield will have around 10,000 apartments for rent in the country. This move serves as an entry point for the company to grow within the residential segment, increasingly betting on multifamily.
A multifamily property is a residential complex with more than one housing unit in the same building. Properties are called multifamily when all of their apartments are intended for rent and are registered under a single registration number, with a single owner.
SiiLA monitors several of Brookfield's commercial assets, including Faria Lima 3500. This property has a total private area of 22,786 square meters and is located in the Faria Lima region, in the western zone of São Paulo. Delivered in 2014, this asset is classified as class A+.
If the transaction is concluded, Brookfield will have around 10,000 apartments for rent in the country. This move serves as an entry point for the company to grow within the residential segment, increasingly betting on multifamily.
A multifamily property is a residential complex with more than one housing unit in the same building. Properties are called multifamily when all of their apartments are intended for rent and are registered under a single registration number, with a single owner.
SiiLA monitors several of Brookfield's commercial assets, including Faria Lima 3500. This property has a total private area of 22,786 square meters and is located in the Faria Lima region, in the western zone of São Paulo. Delivered in 2014, this asset is classified as class A+.
Want to access a database and analysis of the commercial real estate market? Check out Market Analytics
ABOUT SiiLA
Founded in 2015, SiiLA is the industry leading REsource for comprehensive commercial real estate market insights, news and events across Latin America. The SiiLA suite of innovative products drive greater accuracy, efficiency, and strategic advantages for top players in the commercial real estate industry.
LOG Completes the Largest Industrial Properties Transaction of 2026; CFO Comments
05/05/2026Executive reshuffle: André Lucarelli to replace Ubirajara Freitas at Tegra Incorporadora
05/05/2026HSI Malls sells 49% stake in Maceió mall for R$ 237M
05/04/2026Tenant Exit Increases Vacancy at Birmann 20 and Pressures Hedge’s Fund
04/30/2026Rio Bravo boosts rent 26% and keeps full occupancy in São Paulo
04/30/2026Investments
Record Growth: 7.9% Vacancy in Northeast Fails to Slow Logistics Expansion
7 Bridges Capital Sees Industrial Property Market as a Primary Investment Target
Market Trends
Real Estate Culture Sets Rio and São Paulo Apart: On the Coast, the View Matters; in São Paulo, Prestige Comes from Location
A 12% Vacancy Rate Marks Balance in Mature Real Estate Markets — Here’s Why
Trusted by Leading Publications
EXCLUSIVE CONTENT
