Hedge Investments REIT Announces Sale of Memorial Office Building for R$ 44.5 Million

Last Friday (October 10), the Memorial Office Real Estate Investment Fund (FMOF11), managed by Hedge Investments, announced the completion of the sale of its only asset, the Memorial Office Building, for R$ 44.5 million, with a 2% brokerage discount.

The net amount to be paid to the fund is approximately R$ 43.6 million, which will be divided into three installments: R$ 24.4 million upon signing the deed, R$ 10 million within one year, and another R$ 10 million within two years after signing. The last two payments will be adjusted according to the IPCA/IBGE inflation index.

According to SiiLA’s analysis, the estimated cap rate for the transaction is 7.74%.

The transaction was approved on July 19, 2025, but the deed was signed later (the exact date was not disclosed). Following the sale, the manager announced in a material fact that it would make a partial redemption of shares, returning part of the proceeds to investors.

When contacted for comment by the REsource team, Hedge Investments declined to provide statements beyond what was already included in its management reports.