On Monday (7), inVista Real Estate announced the sale of its stake in Shopping Cidade Jardim, located at Zona Sul of São Paulo city, for approximately R$40 million (about USD 7.2 million). The divestment, carried out through the ISCJ11 real estate investment trust (REIT), concludes a value-add strategy that was set from the fund’s inception.

ISCJ11 was created to capitalize on a short- to medium-term opportunity within a high-performing retail asset. The fund achieved a net return exceeding 170% of the CDI benchmark, significantly outperforming its initial target of inflation (IPCA) + 6% per year. The result reinforces the fund manager’s disciplined execution and ability to deliver above-market returns within a defined timeframe.

The deal also highlights strong investor appetite for prime, income-generating real estate. With a vacancy rate of less than 1% at the time of sale, Shopping Cidade Jardim’s high occupancy and premier location were key factors in attracting interest from other institutional players.

With the divestment now finalized, inVista is returning capital to shareholders and turning its focus to new opportunities. ISCJ11 launched its IPO in 2023, with 187,000 shares distributed among 55 investors.

“This exit comes two years after the fund’s launch and reflects our core thesis: investing with a clear beginning, middle, and end—always with the goal of creating value and liquidity for our investors within a defined horizon,” said Thiago Leomil, Co-founder of inVista Real Estate.