Institutional investors sell R$182M in Brazilian real estate FIIs

Institutional investors sold R$182 million in Brazilian real estate investment funds (FIIs) last week, with the 'tijolo' (brick-and-mortar) segment accounting for most of the outflow. Total FII market turnover reached R$2.36 billion across 314 funds, indicating a notable shift in institutional positioning toward real estate assets. The move suggests reduced risk appetite in the Brazilian property sector, though the broader market impact remains limited.