GTIS Partners has completed its acquisition of $248 million in real estate assets by its GTIS Brazil Logistics Real Estate Investment Fund.
Strategically located in the metropolitan area of São Paulo, the assets are logistics warehouses and include Centro Logístico Embu (66,521 square meters/716,026 square feet), Distribution Center Barueri (90,484 square meters/973,962 square feet), Distribution Center Cajamar (102,650 square meters/1.1 million square feet), and Distribution Center Rodoanel (77,587 square meters/835,140 square feet).
The acquisition was structured through the creation of a local real estate investment trust (known in Brazil as FII), which will be externally managed by an affiliate of GTIS Partners and is similar to a U.S. REIT. The acquisition involved an equity investment through the issuance of the FII's shares, accompanied by the issuance of real estate receivables certificates (CRIs) backed by the purchase and sale agreements related to the ac
