Zell Pulls Out of Malls, Finance in Brazil

RIO DE JANEIRO, BRAZIL-Equity International has sold its interests in Brazilian Finance & Real Estate and BR Malls, though it will still hold a few other CRE firms in the country.

By Robert Carr | July 20, 2012 at 01:08 PM

RIO DE JANEIRO, BRAZIL-For all his praise of Brazil during the downturn, Sam Zell has pulled back on his investments in the country. His Chicago-based Equity International announced late Thursday that it has sold its interests in Brazilian Finance & Real Estate and BR Malls.

Brazil’s Central Bank recently approved the BFRE sale to a partnership of BTG Pactual and Caixa Economica Federal, said Equity in a statement. BTG, a S

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

1 Real Estate Markets That Could Win in Several Tariff Scenarios

2 CRE's Women of Influence 2025

3 U.S. Apartment Supply Drops Sharply in Early 2025 as Completions Fall Below 2024 Peak

4 Blackstone Says Tariffs Are Affecting CRE Investment

5 JOANN’s Demise Traced Through Shifting Foot Traffic and Fierce Competition

Real Estate
GlobeSt. ELITE Women of Influence (WOI) 2025
July 21, 2025 - Denver

GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
More Information
Real Estate
GlobeSt. Multifamily Fall 2025
October 15, 2025 - Los Angeles

Join the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!
More Information
Workers' Compensation Risk Management Award for Excellence Nominations
May 05, 2025 - Nomination Deadline

The 2025 Workers Comp Risk Management Award for Excellence honors outstanding loss control, safety and return-to-work programs.
More Information

CMBS Loan Losses Climb Sharply as Loss Severity Hits New High

By Erik Sherman | April 24, 2025

The average loss severity was 81.27%, up significantly from February.

CMBS Loan Losses Climb Sharply as Loss Severity Hits New High

Investors Lose Faith in Safe Havens During Market Turmoil

By Kristen Smithberg | April 23, 2025

John Chang explores the investment outlook for international capital, institutional and private investors.

Investors Lose Faith in Safe Havens During Market Turmoil

Loan Modifications Nearly Double to $39B as Extend and Pretend Tactics Surge

By Erik Sherman | April 22, 2025

Loan modifications jumped year-over-year in March to $39.3 billion.

Loan Modifications Nearly Double to $39B as Extend and Pretend Tactics Surge

Leveling Up: Choosing the Best Renters Insurance Partner for Your Multifamily Housing Portfolio link

Guide

Sponsored by Assurant

Leveling Up: Choosing the Best Renters Insurance Partner for Your Multifamily Housing Portfolio

Picking the right renters insurance can be a headache. This guide will help you find the perfect partner for your multifamily properties so you can boost resident participation and lower your risk.

Browse More Resources ›

The Return to Office: Recovery Still Underway link

Guide

Sponsored by Placer.ai

The Return to Office: Recovery Still Underway

Are you noticing unexpected shifts in office occupancy and commuter behavior? This report reveals how evolving work patterns are challenging CRE brokers and offers crucial, data-backed insights for 2025. Discover a detailed analysis of office visit fluctuations, an in-depth look at midweek work trends, accurate forecasts for market recovery, real-world examples to inform strategic decisions, and actionable metrics to guide client advising. Download your copy today!

Browse More Resources ›

The State of Commercial Property Management Technology in 2025 link

Report

Sponsored by Building Engines

The State of Commercial Property Management Technology in 2025

Commercial property teams are navigating changing times where technology plays a crucial role in operations, tenant satisfaction, and sustainability. This report, based on insights from 370 industry professionals, reveals the biggest priorities, challenges, and opportunities for CRE technology adoption in 2025. Don’t miss it.

Browse More Resources ›