ATIVORE PRIVATE EQUITY IMOBILIÁRIO EUA II FIM IE ("Fund")
CNPJ 57.070.434/0001-85
ANBIMA Code
Fund’s Objective
The US REAL ESTATE BUILD-TO-RENT FUND BR aims to increase the value of its shares in the long term by investing its resources in the US REAL ESTATE BUILD-TO-RENT FUND LUX1 ("Invested Fund"), whose strategy consists of forming a diversified portfolio of private build-to-rent real estate projects ("Build-to-Rent"), with a focus on the residential class. The Invested Fund currently has 5 assets already identified.
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Categories ANBIMA
Multimarket Investment Abroad
Target AudienceTarget
Only charged on the invested fund: 1.1%.
Start of Fund
26/12/2024
Liquidity3
Closed with an expected term of 7 years
Taxation4
Long term
Rate of Fee
0.09% p.a.
Rate of Management
Only charged on the invested fund: 1.1%.
Rate Performance Fee
Charged only on the invested fund: 15% on what exceeds the return of 12% p.a.
Rate Fee Fee
No
Rate of Output
No
Rate Distribution Rate6
3% on the subscription amount + 0.6% p.a.
Rate of Fee
0.09% p.a.
Rate of Management
Only charged on the invested fund: 1.1%.
Rate Performance Fee
Charged only on the invested fund: 15% on what exceeds the return of 12% p.a.
Rate Fee Fee
No
Rate of Output
No
Rate Distribution Distribution
No
Administrator, Custodian e Distributor
Banco Daycoval S.A
Auditor
Pricewaterhouse Coopers Brasil Ltda.
NOTES: 1. Ativore Private Equity Real Estate USA Fund II, compartment of Ativore Real Estate Luxembourg Illiquid Fund SCSp SICAV-SIF. Information regarding the composition of the portfolio as at 31/12/2024. 2. THE FUND DOES NOT HAVE A CURRENCY HEDGE FOR ITS FOREIGN EXPOSURE. RETURN IS NOT NET OF TAXES IN BRAZIL. 3. The duration mentioned refers to the Fund's projection. The regulations state that the Fund will be in force for 10 (ten) years. (4) There is no commitment or guarantee that the Fund will receive the tax treatment applicable to long-term funds. The Fund is subject to semi-annual quota payments. Income from redemptions will be taxed at source. 5. single class fund and two sub-classes. 6. maximum distribution rate for Subclass A is 1.5% p.a. on net assets. According to the Announcement of Commencement of the Offer on 26/12/2024, the distribution rate to be paid will be 0.6% p.a.
PLEASE READ THE FUND RULES AND ITS APPENDIX A FOR FURTHER DETAILS ON THE FUND INVESTED IN.
The information and estimates reflect Ativore Asset's view as of the date of this material. All information and estimates are subject to change and/or limitations and should not be relied upon as the sole basis for decisions.
Estimated demand for 19 million housing units due to the reduction in construction in the aftermath of the 2008 crisis and migration between states from 2022 onwards.8
Estimated demand for 19 million housing units due to the reduction in construction in the aftermath of the 2008 crisis and the migratory movement between states from 2022 onwards. 8
Mortgage rate for 30 years at high levels compared to the last 5 years 9, making it difficult to buy property and increasing the demand for rentals.
Mortgage rate for 30 years at high levels compared to the last 5 years9, making it difficult to buy property and increasing the demand for rentals.
Invest in projects at the development price, absorbing part of the developer's margin, with construction risk mitigators.
Invest in projects at the development price, absorbing part of the developer's margin, with construction risk mitigators.
Exclusive projects, with clear differentials and attractive returns, based on theses aligned with the current market context and the structural changes in the American economy.
Exclusive projects, with clear differentials and attractive returns, based on theses aligned with the current market context and the structural changes in the American economy.
Building properties with a focus on generating income through rent and capital gains from sales over a horizon of approximately 5 years.
Assets with advanced construction and investment in projects already approved and ready to build, with a guarantee of maximum construction cost.
Allocate part of the capital in Preferred Equity with stable cash flow, enabling the payment of dividends, which will grow progressively.
Focus on locations with solid fundamentals, pro-business policies and an identified shortage of residential property.
Prioritize the sale of projects to institutional investors when stabilized and generating cash flow.
NOTES: 7. INFORMATION CONCERNING THE INVESTED FUND, where the Fund's resources will be predominantly invested. 8 Source: U.S. Census Bureau, U.S. Department of Housing and Urban Development; Analysis: Ativore Asset. 9 Source: US Census Bureau; Ativore Asset analysis.
PLEASE READ THE FUND RULES AND ITS APPENDIX A FOR FURTHER DETAILS ON THE FUND INVESTED IN.
The information and estimates reflect Ativore Asset's view as of the date of this material. All information and estimates are subject to change and/or limitations and should not be relied upon as the sole basis for decisions.
In line with the Invested Fund's objective of investing up to 30% in Preferred Equity.
In line with the Investment Fund's objective of investing at least 50% in residential property.
Presence of an imbalance between residential supply and demand.
Advanced construction of the only high-end resort on Orlando's famous International Drive, very close to the new Universal park, with 526 short-term rental units.
Class A multifamily complex with 300 units and one of the best amenity packages in the region, which has limited supply and high barriers to entry.
Mixed-use building with 55 luxury apartments for sale and stores for rent on 5th Avenue South, the best high-income shopping street in Naples, Florida.
NOTES: 7. INFORMATION CONCERNING THE INVESTED FUND, in which the Fund's resources will be predominantly invested. 10. information on the composition of the portfolio as at 31/12/2024.
PLEASE READ THE FUND RULES AND ITS APPENDIX A FOR FURTHER DETAILS ON THE FUND INVESTED IN.
The information and estimates reflect Ativore Asset's view as of the date of this material. All information and estimates are subject to change and/or limitations and should not be relied upon as the sole basis for decisions.
Europe 's largest investment fund center, with AuM of €5.6 trillion.11
The Invested Fund is approved and supervised by the CSSF, the financial market regulator.
A robust regulatory and compliance structure that provides security for investors.
Low tax burden, which does not increase the cost of the Invested Fund's structure.
Principle of fairness between investors laid down by law, which guarantees that everyone is treated on the same terms.
Limited liability for the Fund's investments in the Invested Fund.
1 Source: Association of the Luxembourg Fund Industry.
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NOTES: 7. INFORMATION CONCERNING THE INVESTED FUND, where the Fund's resources will be predominantly invested. 11 Source: Association of the Luxembourg Fund Industry
PLEASE READ THE FUND RULES AND ITS APPENDIX A FOR FURTHER DETAILS ON THE FUND INVESTED IN.
The information and estimates reflect Ativore Asset's view as of the date of this material. All information and estimates are subject to change and/or limitations and should not be relied upon as the sole basis for decisions.
PLEASE READ THE FUND RULES AND ITS APPENDIX A FOR FURTHER DETAILS ON THE FUND INVESTED IN.
The information and estimates reflect Ativore Asset's view as of the date of this material. All information and estimates are subject to change and/or limitations and should not be relied upon as the sole basis for decisions.
Ativore Asset Management is an asset manager focused on investment strategies in the US real estate market via private equity. It was founded in 2019 as part of the Ativore Global group, a holding company that since 2012 has provided consulting services to high and ultra high net worth investors in the assembly of real estate portfolios in the US private market and in international tax planning.
There is no guarantee that the professionals currently employed by Ativore Asset will continue in their positions or that their past performance will serve as an indicator of their future performance.
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São Paulo
Gomes de Carvalho Street, 1195, Unit 61
Zip Code 04547-004 - Vila Olímpia, São Paulo, Brazil.
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