Real estate funds break the record in Brazil, grow 25% in 2019, and raise R$ 32.5 billion until November of this year

The year 2019 represented a milestone for the real estate funds market in Brazil. The volume of new issues, the largest in history according to Anbima (Brazilian Association of Financial and Capital Markets Entities), reached R$ 32.5 billion until November, more than double the previous record of R$ 16.1. billion, launched in 2011, or of R$ 16.1 billion by 2018. According to the Valor Investe website, the Brazilian Securities Commission (CVM) still has R$ 2.9 billion, in 12 offers, under analysis.

According to the Valor Investe website, to date, IFIX, the index of real estate funds traded on the Brazilian stock exchange, has appreciated 25%. There are more than 200 FIIs traded on B3, although the Brazilian Securities and Exchange Commission (CVM) has registered about 478 funds that together add up to R$ 121 billion in equity, according to a bulletin released by B3 in November.