The Real Deal New York

NYC players buy up Brazil

A look at the NYC real estate players investing in South America’s largest nation, inflation fears notwithstanding
By Tom Acitelli | February 15, 2012 10:30AM

From the February issue: Until a few years ago, Brazil was but a Plan B among America’s real estate investors. Now they increasingly view South America’s largest nation as a lucrative, and safe, haven for commercial property investment.

“Brazil is a democracy, Brazil has a free press, Brazil elected a left-wing president back in 2002,” Hines Interests senior vice president Doug Munro told The Real Deal by phone last month from his São Paulo office. “Brazil [now] has control over its inflation concerns of the past. In the 1980s, Brazil was just a basket case in terms of the management of its economy. [more]