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LatAm IV makes Brazilian residential investment
Paladin Realty Latin America Investors IV (LatAm IV), a $400 million South American affordable housing fund managed by Paladin Realty Partners, has completed an investment in the newly created home building joint venture A-PIMA II. The $60 million partnership with Construtora Altana plans to develop more than 2,400 low-income and lower/middle-income residential units in metropolitan São Paulo, Brazil, with total sales value of approximately $250 million.
“We’re thrilled to expand our presence in Brazil’s largest market,” Randall Loker, managing director of Paladin Realty, said in a statement. “We continue to see growing demand for new affordable housing in Brazil, particularly in São Paulo, as a result of the country’s attractive demographics, rising prosperity and growing access to mortgages. Our rel