In a bold step at Brazils active B3 stock exchange, Ptria Renda Urbana (HGRU11) aims to raise R$1.5 billion ($267 million).Ptria or HGRU11, is a Brazilian real estate investment fund focused on acquiring and managing urban properties to generate rental income.This move marks their fifth share issuance, one of the largest capital efforts this year, featuring a tempting discount.
Each share is set at R$126.17 ($22.53), almost 3% below market value.However, this opportunity targets only professional investorsthose managing assets over R$10 million ($1.8 million) or approved by a special commission.Still, current shareholders get a chance to invest, showing appreciation for their loyalty.Ptria plans to grow its portfolio.
Recently, it acquired the Succespar Varejo portfolio for about R$800 million ($143 million).Ptria Renda Urbana Targets Growth with R$ 1.5 Billion Stock Market Move.
(Photo Internet reproduction)This portfolio includes 14 prime properties across 12 states, focusing on food retailers, covering 156.9 thousand square meters.Following that, the fund bought assets from Mint Educational REIT for R$112.5 million ($20.09 million) in April.This deal added four educational sites across three major states, bringing 22.8 thousand square meters of educational space into its portfolio.These acquisitions reflect Ptrias strategic push into the retail and education sectors, aiming for high returns.In Brazil, where real estate significantly impacts wealth and stability, such moves attract both small and large investors.By investing across various sectors, Ptria not only diversifies its assets but also strengthens its market position.