The Inter Real Estate U.S. Fund – IREUS, has announced the completion first phase of Resia Golden Glades, a 420-unit residential community in Miami, Florida, marking a significant milestone in the fund’s investment strategy.
The fund which has a focus on investing in multifamily real estate developments in the U.S, launched in September 2023 and raised $30 million in capital from investors in Brazil and other countries in Latin America.
“The investment in Miami with the Golden Glades project, demonstrates our ability to identify and capitalize on high-value opportunities in the U.S. real estate market,” said Cassio Segura, Manager of Inter US Management, the General Partner of IREUS. “It reflects a sophisticated approach to market selection and our commitment to providing our investors with access to quality offerings.”
With an investment strategy that focuses on markets with strong demographic trends, the fund’s selection of Florida for this investment and Fort Worth in Texas for a second project shows its commitment to providing quality opportunities for its investors. The Miami property has generated leasing interest at rates above initial projections, contributing to the fund’s performance outlook.
The completion of this phase represents the fund’s execution of its core strategy to invest in institutional-quality residential properties in markets with strong rental demand fundamentals and to continue to provide access to the U.S real estate investment market.
With the success of its first investment, the IREUS just launched its second fund, which has focused its investment in the development of North City, a 464-unit multifamily complex in Fort Worth, Texas.
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About Inter
Inter&Co (NASDAQ: INTR), the company that controls Banco Inter in Brazil and the subsidiary Inter&Co Payments, is the pioneering super app serving over 40 million customers across the Americas. Inter’s ecosystem offers a broad array of services, including banking, investments, mortgages, credit, insurance, and cross-border payments. The financial super app also boasts a dynamic marketplace, linking consumers with shopping discounts, cashback rewards, and exclusive access to marquee events across the globe.Focused on innovation and captivating member experiences, Inter delivers comprehensive financial and lifestyle solutions to meet the evolving needs of modern consumers. Securities brokerage services provided by Inter&Co Securities LLC (“Inter Securities”), member of FINRA/SIPC. clearing through DriveWealth, LLC and Pershing LLC. Inter Securities is a wholly owned subsidiary of Inter US Holding Inc. Inter Securities provides United States securities brokerage services to customers of Inter Distribuidora de Títulos e Valores Mobiliários Ltda. (“Inter DTVM”), a Brazilian securities dealer authorized by the Brazilian Securities Commission and the Central Bank of Brazil. As per CVM Guidance Opinion nº 33, dated 09.30.2005, Inter Securities entered into an agreement with Inter DTVM through which Inter DTVM intermediates the services of Inter Securities to investors resident, domiciled, or incorporated in Brazil (“Brazil Investors”). The CVM jurisdiction is limited to the Brazilian territory and its supervisory power is limited to Inter DTVM. Inter DTVM’s services should not be understood as an offering of securities directed to Brazil Investors. Brokerage services for assets listed in the United States are provided exclusively through Inter Securities, without interference from Inter DTVM.