Fund Inception
Aug. 2012
Administration fee
1.0% p.a.
Performance fee
20% of what exceeds IPCA + 6% p.a.
Fund expiration
Aug. 2023
NOTE
Fund in the disinvestment phase
Profitability
The Fund is in the disinvestment phase of the projects in its portfolio and the distributions made are composed of earnings and the return of capital and therefore should not be considered for yield calculations and pricing for the purchase of shares on the secondary market.
Features
Fund Objective
Generate capital gains for shareholders in the long term, from the development of real estate projects present in the Fund’s portfolio.
Recommended for
Investors who wish to invest in a diversified portfolio of projects for real estate incorporation, with the support of a specialized management team, and enable additional returns compared to the real market.
Development
Active participation in residential projects, from the purchase of land and project development to the delivery of units to buyers.
Diversification
Targeting different profiles of developments developed by specialist real estate developers by type and region.
Contains
Real estate portfolio
Diversified portfolio focused on residential real estate projects concentrated in the best regions of the country through diligent processes that support the careful selection of assets.
Control
Continuous monitoring of invested projects with partner developers for better analysis of the risk and return expectations of each project.
Performance fee
20% of what exceeds IPCA + 6% p.a.
How it works
With diligent processes and continuous monitoring of all stages of the venture.
1. Pre-project
Mapping of opportunities in the real estate market:
– Developers present potential projects;
– Contacts made by Kinea directly with developers.
Project analysis and due diligence:
Selection of projects based on technical evaluations and return expectations;
– Fiscal and legal due diligence in the SPEs of the projects;
– Analyses: Market, Partner Developer, Product, Sales Price, Estimated development and construction costs;
– Projects are submitted to Kinea’s Investment Committee for approval or disapproval of investment.
2. Project
0 – 18 months: Project inception
– Land acquisition;
– Development of real estate product;
– Project approval with government agencies.
18 – 30 months: Pre-sale launch
– Marketing campaign;
– Commercial follow-up with the partner developer.
30 – 60 months: Construction
– Construction of the work according to the scheduled timetable;
– Monitoring of the physical and financial progress of the work;
– Monitoring of sales;
– Active management of the venture.
3. Disinvestment
60 – 72 months: Transfer of receivables to banks
– At the end of the work, customers are able to carry out real estate financing with financial institutions;
– Delivery of keys to buyers;
– Distribution of venture results to the Fund in relation to the percentage of the Fund’s swap.
Team
Carlos Martins
Partner and Equity Real Estate Fund Manager
Executive partner and manager responsible for equity real estate funds. Carlos is a founding partner of Kinea, responsible for implementing the real estate funds area. He has been working in the real estate industry since 2007, being responsible for asset management, investor relations, and business origination and capture. Actively participates in real estate investment committees. Prior to Kinea, he worked for 15 years at BankBoston, where he passed through the credit and international operations areas and for 6 years, was in the structured & corporate finance area. He started his career at Citibank.
Carlos holds an MBA from the Boston School/Columbia University and an Executive MBA from IBMEC, currently Insper, and a degree in business administration from Fundação Getúlio Vargas (EAESP-FGV) and attended the YMP (Young Manager Program) at INSEAD.
Bruna Sotopietra
Ivan Simão
Sales and Investor Relations
Ivan joined Kinea in August 2014. Previously, he worked in investment product structuring at Itaú Unibanco. He also worked at Banco Indusval Multistock in the proprietary fund management area and on the derivatives desk at a brokerage associated with the institution. Ivan has a degree in Business Administration from the Pontifical Catholic University of São Paulo (PUC-SP).
Marcel Chalem
Controller
Marcel is a member of Kinea’s Target Asset Management department and has been with the company since December 2009. He is responsible for monitoring and overseeing Kinea’s 40 real estate development projects, as well as managing the income fund’s financial controls. Prior to joining Kinea, Marcel worked at Lindencorp Desenvolvimento Imobiliário, where he served as Structured Finance Manager, responsible for structuring the company’s structured finance projects and even participating in the setup of income-oriented real estate funds developed by the company. In addition to his experience in real estate, Marcel has also worked at Fit Residencial (Gafisa), where he was responsible for investment analysis and financial planning. He has more than 12 years of experience in the real estate market.
Marcel holds a specialization in Real Estate Finance from MIT – Massachusetts Institute of Technology, an MBA in Finance from Insper – SP, and a degree in Business Administration from Universidade Presbiteriana Mackenzie.
Rodolfo Piersanti
Sales and Developer Relations
Rodolfo is part of Kinea’s Real Estate team, focusing on sales and relationship with developers. Prior to Kinea, he worked as a development coordinator at Odebrecht Realizações Imobiliárias, dealing with the entire cycle of real estate incorporation: land prospecting and acquisition, legislation analysis, product development, sales, and unit delivery to customers. He also worked at Bairro Novo in the role of work production.
Rodolfo holds a degree in Production Engineering from the Mackenzie Presbyterian University and Civil Engineering from the Anhembi Morumbi University.
Documents
| Document name | Date of Update | |
|---|---|---|
| Informe Mensal
4/2024 |
4/2024 | |
| Aviso aos Cotistas
4/2024 |
4/2024 | |
| Carta do Gestor
3/2024 |
3/2024 | |
| Aviso aos Cotistas
1/2024 |
1/2024 | |
| Assembleia
11/2023 |
11/2023 | |
| Carta do Gestor – Trimestral
10/2019 |
10/2019 | |
| Regulamento Vigente
4/2017 |
4/2017 | |
To view the Fund’s documents, visit all documents.
Contact Us
EMAIL US
BASED IN
Rua Minas de Prata, 30
São Paulo
Brazil