Kinea and Brookfield structure joint fund for Brazil’s multifamily market

Partnership remains in the pre-operational stage, with no official fundraising launch scheduled yet

SUBSCRIBER EXCLUSIVE

Carlos Martins, partner at asset manager Kinea, which invests in multifamily alongside Brookfield

By: SiiLA News

05/27/2026

Kinea entered a new phase of investment in Brazil’s multifamily segment in May, becoming the manager of the newly created fund Kinea Brookfield Plataforma Residencial II FII RL. Registered under corporate tax ID (CNPJ) 66.919.014/0001-11, the vehicle is currently in a pre-operational stage, with no declared assets or shareholders to date. The move indicates the creation of a legal investment structure, although initial capitalization has not yet begun.

As with other funds managed by Kinea, Intrag was also appointed as the administrator of the new vehicle. Although the fund’s pipeline has not yet been disclosed, the individual strategies adopted by each company in the multifamily segment so far provide insight into what may be expected from this new structure.

Kinea Portfolio

While Kinea operates primarily in financial funds, the asset manager also maintains a significant presence in “hard asset” real estate funds, spanning infrastructure, shopping centers, office buildings, logistics warehouses, and multifamily through KRES11.

The company currently has four income-generating residential developments located in São Paulo’s West and South zones, all classified as Class B assets: Campo Belo Congonhas (operational), Sabiá Moema (under construction), Artur Azevedo Pinheiros (retrofit – operational), and Oscar Porto Paraíso (under construction).

Brookfield Portfolio

Brookfield, in turn, owns 32 towers within its multifamily platform, making it the largest player in the Brazilian market, with a strong concentration of Class C assets. Of these, 19 have already been completed, while 13 remain under development, including three projects whose asset classification has not yet been defined.

According to research conducted by SiiLA market intelligence, Kinea hired a third-party firm to begin evaluating Brookfield’s assets so that, following the assessment process, fundraising efforts for the new fund can move forward. Until the publication of this report, neither company had commented on the transaction.

This full article is only available to SiiLA Market Analytics Subscribers.
Subscriber? Sign In

Interested in becoming a Market Analytics subscriber? Contact Us about the benefits of joining SiiLA’s Market Analytics.

Latam

Brazil

National

Multifamily

Market Analytics

Transactions

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.