The C$434 billion (US$330 billion) Canada Pension Plan Investment Board (CPP Investments) and Greystar Real Estate Partners partnered with Cyrela Brazil Realty in a joint venture to develop, own and operation multi-family rental housing in Sao Paulo.
The platform and partnership were first created by CPP Investments and Cyrela in November 2019 and recently Greystar entered the deal for its foray into the Brazilian rental housing market. CPP will maintain majority interest in the JV and Greystar will acquire ownership interest through the expansion of the partnership.
“CPP Investments sees increasing demand . . .
Unlock this article instantly, along with the rest of our premium content and benefits including daily/weekly/monthly newsletters.