TRX Fund Secures R$130 Million in Capital and Targets Properties for Retailers

TRX Real Estate Investment Fund (TRXF11) has completed a public offering, generating a capital influx of R$130.3 million.  The significant value already serves as a positive indicator for real estate investments, particularly when considering the expected decrease in the interest rate in the coming periods, despite the current high level of Selic at 13.75%.

The fund, known for its strategic investments in the real estate sector, plans to allocate these funds towards ongoing payments and acquisitions. Recent developments indicate the fund's active involvement in expanding its portfolio through property transactions. Notably, TRXF11 has announced the purchase and sale of various assets, including two properties from the GPA group in Indaiatuba and São Paulo, and the acquisition of a store in Belém (PA) from the Mateus Group, in addition to acquiring land and commencing construction of a new build-to-suit store for Obramax in Suzano (SP).

TRXF11 primarily focuses on retail properties, with a particular emphasis on supermarket chains and construction materials stores. The fund adopts a Sale and Leaseback strategy, acquiring properties occupied by major retailers who continue to function as tenants.

Fund Portfolio

The fund's portfolio currently comprises 52 properties, located across 13 states, covering an extensive Gross Leasable Area (GLA) of over 511,000 square meters. Prominent tenants within these properties include Pão de Açúcar, Big, Assaí, and Sodimac. TRXF11 boasts an average rental value of R$29.05/m² for its retail properties, according to information provided by the fund.

Aside from retail stores, TRXF11 also owns a distribution center situated in Caucaia, Ceará.

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