Half a Million Rent: Pátria Investimentos FII Acquires Office Tower on Paulista Avenue for R$ 71 Million

Pátria Renda Urbana (HGRU11), a real estate investment fund, has announced the completion of its acquisition of the Paulista 2000 building, located on Avenida Paulista in São Paulo, for R$ 71,997,250.12. The purchase price is approximately R$ 11,825 per square meter, with a Cap Rate of 9.24%, according to data from SiiLA.

The property, which is single-tenant, is fully leased to University Anhembi Morumbi, a subsidiary of Ânima Educação. With this acquisition, the fund will receive a monthly rent exceeding R$ 543,700, equivalent to R$ 89.31 per square meter. This amount will be included in the fund's distribution of earnings, with 95% of profits for the semester being passed on to shareholders, as stated in the relevant fact announcement.

In a statement, Pátria emphasized the importance of the tenant's sector—education—highlighting that the property is "operationally relevant for the tenant; the lease has a long-term alignment; the location is attractive and strategic for the region; and the tenant demonstrates financial stability."

• Learn more: HGLG11 acquires an asset in Goiás for R$ 251 million, expanding the fund's reach into the Brazilian Midwest