DISTRESSED BRAZIL
WHAT
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Acquisition of distressed real estate assets (wholesale)
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Acquisition of real estate from government entities
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Portfolio management
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Residential properties with higher sales velocity than commercial properties
WHY
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It is one of the fastest growing markets in the world
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High interest rates and inflation have increased default and opportunities in real estate
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Buying wholesale creates price bargaining opportunities
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Portfolio management can be a tool to generate greater sales results
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Profitability can exceed 30% per annum
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Buying from distressed asset resolution companies that have already solved financial, legal and regularization problems costs more, but generates faster results
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We always operate with a planned exit strategy
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Before financial, we are real estate specialists. We operate with on-the-ground market intelligence avoiding mistakes made by financial firms operating in the real estate arena
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We offer both buy side and sell side solutions – “turn key” solutions for our international clients
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Our extensive coverage and capillarity everywhere in the country allows us to buy in places with less competition, resulting in higher performance by acting locally
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We create a large land bank the sale or development of buildings and condominiums
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We lease apartments to generate recurring income
HOW
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We perform analysis of portfolios in every local market
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We perform careful selection of opportunities: we want properties with pricing advantage at purchase and liquidity for future sales
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We engage in negotiation and acquisition of properties
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We are responsible for portfolio management
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Retrofit and strategic renovations
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Location selection
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Development
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Resale
WHO
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Portfolio management
• Kuser Properties
• Local Team specialized in Real Estate
· Acquisition
· Development
· Resale
· Marketing
• Active network of real estate brokers covering the entire Brazilian territory
Sources of target assets (who to buy from)
• Banks and Assets Management firms
· 190,000 properties
· US$12 billion in estimated current market value
• Government entities
· 800,000 properties
· US$ 15 billion in estimated current market value
• Auctioneers
· 40,000 properties
· US$ 2 billion in estimated current market value
• Developers (in inventory)
· 50,000 properties
· US$1 billion in estimated current market value
Potential Buyers (whom to sell to)
• Land - small and large (over 100,000 m2)
· Developers
· Land subdivision agents
· Retail
· Wholesale
· Logistics
• Apartments
• Commercial properties
· Final user
· Family Offices
• Warehouse
· Wholesale
· Logistics
HOW MUCH
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The Brazilian Real is worth 20% of the US Dollar
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At the source [of the assets], the market size is about $30 billion
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The market size for sale [of the assets] is estimated at $60 billion
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Initial investment $100MM (suggested investment amount)
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Management fee of 1%
• Buy for 60% of the real value
• Sell for 90% of the real value