Question · Q4 2025
Fernanda Sayão asked for more details on Patria's aggressive growth strategy in the real estate business and how dependent this growth is on lower interest rates.
Answer
Alexandre Saigh, CEO of Patria, expressed enthusiasm for the real estate business, particularly in Brazil where Patria is the largest REIT manager, emphasizing the importance of scale. He confirmed that the asset class is generally interest rate-dependent, with fundraising accelerating as rates decline, as observed in Brazil and Chile. He anticipates lower Brazilian interest rates in 2026 will boost fundraising for Brazilian REITs and highlighted strategies like asset-for-shares exchanges for liquidity and inheritance planning.
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