Ivanhoé Cambridge and Hines announce multifamily joint venture in Brazil

Ivanhoé Cambridge and Hines, the global real estate firms, today announced a new joint venture to develop, own, and operate best-in-class multifamily buildings in São Paulo, Brazil. The venture will have the capacity to invest up to R$750 million of equity to deliver highly amenitized, international-caliber products and services to a market that is lacking in purpose-built multifamily rental projects. Hines’ multifamily property management firm, Willowick Residential, will be responsible for the property management of each project upon completion.

For more details, read the complete news release on Ivanhoé Cambridge's website.