Related and Published Articles
. Introduction As with most real estate cycles, at one point in time things appear to be perfect. This usually corresponds to a low interest rate environment, strong demand, available land, credit, and suppliers that can execute. Often during these boom times, the...
Uncle Mauricio Comes Home – Brazil’s Individual Investor Returns to Real Estate
How global investors can take advantage of this moment in Brazil’s cycle before Brazilian individual investors fully return to the real estate market.
The Next Cycle – A Blueprint for Brazil Asset Managers, Part 1
Maximizing an asset manager’s ability to scale during Brazil’s next cycle: how to balance the need for capital while building up assets under management.
The Pendulum Swings – Brazil´s Economy Starts to Rebound
A snapshot of Brazil´s economic shift, from the depth of the recession to the change in outlook and current economic momentum. Proactive strategies for deep value real estate investors at this time in the cycle.
We visit the small town of Teachey, NC, population 500, and discover that one cannot make a Silk Purse from a Pig’s Ear. We cover why some sellers thought their assets were worth more than their actual market value and how this is changing rapidly based on various pressures. Importantly, we also reveal why this results in large-scale deep value investment opportunities
Who is John Galt?
A philosophical discussion about free enterprise in emerging markets. The story starts in Venezuela and examines the good, the bad, and the ugly of free markets and whether there is any other solution.
Now It Matters
Timing is almost everything. This newsletter specifically covers the high-return investment opportunity in Brazil’s lot subdivision market.
Using Gil Scott-Heron’s poetic genius as an introduction, we discuss how Brazilian society is changing and how this creates investment opportunities.
A journey to La Mancha, Spain provides an analysis of the São Paulo residential housing market post political and financial crisis and new opportunities based on this new environment and market equilibrium.
Thrill is Gone
B.B. King’s “The Thrill is Gone” takes us on a journey to Itta Bena, MS where we gain perspective on the Brazilian currency and potential hedging strategies for USD investors.
Ronald Reagan is not from Rio, but if he were it would be an important fact. This newsletter provides a summary of why politics is important in emerging markets.
The Advantage of a Disadvantage
Written at 3:30 am with a strong espresso, this newsletter goes into depth about why foreign capital investors may have a distinct advantage at investing in deep value real estate opportunities in Brazil.
This newsletter discusses the best friend that you may have never met. We discuss the actions and psychology of Brazil’s deep value real estate investor and how international investors can participate.
Top Ten Lists – Why Emerging Market Asset Managers Cannot Raise Large-Scale Capital
We love Top Ten Lists! Please find the Top Ten Reasons Emerging Market Managers cannot raise large-scale capital
Through the use of the unprecedented elections of Donald Trump and Barack Obama, this newsletter covers why now is an ideal time for emerging market asset managers to partner with large-scale LP capital.
This newsletter covers how much of Brazilian wealth remains “At the Beach” and out of the real estate market based on high yields from fixed-income products in Brazil.
Secret Santa is a great tradition! This newsletter covers Michel Temer’s Secret Santa Gift of 2016: a constitutional amendment which limits government spending and assists Brazil’s forward yield curve . Happy Holidays!
Flying Pigs are not common, nor are no-brainer investment opportunities. Quality Sale-Leaseback assets in Brazil may be one of those investment strategies.
Post Impeachment and Commercial Real Estate
Value investors’ starting gun in Brazil could be defined as President Dilma’s Impeachment date. This newsletter covers why this is the case.
Light at End of Tunnel
BTS – Easy Button
Industrial Real Estate, perhaps the largest scale value investment opportunity currently, has two components: Sale-LeaseBack and BTS. This newsletter covers the BTS market and why it is an opportunity.
Brazil’s lack of long-term debt capital for stabilized assets creates unique challenges and opportunities. One of these niche opportunities is the commercial floor investment thesis.
An analysis of São Paulo’s residential market and the distressed residential investment opportunity.
Where is the Beef?
A detailed analysis of how São Paulo’s new zoning master plan affects the value of real estate through a detailed analysis of the zoning code.
Upside of a Downside – Part Two
On a relative basis, there are a limited number of international hotels in Brazil. Why and is this an opportunity?
A JV opportunity in Brazil’s Commercial Real Estate sector.
Upside of a Downside – Part One
Brazil’s economy goes from rock star to falling rock. Does this create opportunity?
InDev Capital is happy to announce that our team will be in NYC in April to sponsor the Latin Markets Forum on Institutional Real Estate - Latin America, at the Sofitel Hotel in New York, NY on April 13th - 14th, 2015. This will be InDev Capital’s second sponsorship...
One Desenvolvimento Imobiliario Size of JV: US$135 million Product: Urban infill residential development, São Paulo Return Expectation: 25% IRR Sales: R$2 Billion In 2013, the InDev/JPP joint venture was contracted by One Desenvolvimento Imobiliario to lead their...