GTIS Brazil Real Estate Fund III raises $680m
GTIS Partners has raised $680 million for its GTIS Brazil Real Estate Fund III.
The firm held the final close in December.
The firm previously raised $810.2 million for GTIS Brazil Real Estate Fund II, which held a final close in December 2011, as well as approximately $700 million of capital in co-investment vehicles.
To date, GTIS has committed approximately $2.1 billion to investments in Brazil, making it one of the most active real estate managers there.
The firm currently has approximately 2 million square meters either built or under development, including more than 7.5 million square feet of office and industrial/logistics assets, more than 151,000 residential units, and approximately 10,000 hotel keys across São Paulo and Rio de Janeiro.