Fund Bets on Mortgage Mushroom

Fund Bets on Mortgage Mushroom

Brazil

Equity International (EI), the Chicago-based investment firm co-founded by real estate specialist Sam Zell, expects an explosion of growth in the Brazilian mortgage market in the coming years. The belief is among the reasons driving the company’s purchase of a 20.7% stake in Brazilian Finance & Real Estate (BFRE) announced yesterday, Thomas Mcdonald, chief strategic officer, tells LatinFinance. “Mortgage origination [in Brazil] has a high growth trajectory,” says McDonald. “There’s an assure

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