In an interview with REsource, João Paulo Germanos, manager of FII TELM11, highlighted the fundamentals behind the transaction:

“Excellent location, solid tenant, appropriate acquisition price, and installment-based payment. In addition, the high yield in the first two years of the deal, combined with potential capital gains upon sale, are fully aligned with TELM11’s strategy.”

Splitting the acquisition between two of the firm’s funds was also strategic. According to the manager, the joint participation of TELM11 and TEPP11 provided greater security for the transaction:

“The acquisition would have been too large for TELM11 if carried out independently, requiring the divestment of quality assets or leveraging—neither of which is desirable at this moment.”

Tellus also emphasized that the prime location, combined with management efforts focused on cost reduction and building improvements, should drive asset appreciation. Regarding future acquisitions in the region, the firm remained cautious:

“TELM11’s strategy is to act opportunistically across different asset classes and geographies, always assessing risk-return and capital gain potential. The decision to increase our stake in Faria Lima will depend on new opportunities that present the same balance between price, asset quality, and returns for shareholders.”

The transaction reinforces the fund’s multistrategy profile, which combines credit, properties with repurchase options, and direct stakes in physical assets.

“This acquisition in Faria Lima perfectly reflects that proposal: a high-quality corporate property, acquired at market price, with a seller-finance structure that guarantees significant short-term yield. The move demonstrates the firm’s ability to originate deals that create value for shareholders.”