GARE11 sells nine properties to Riza Master for R$791M, five leased to Atacadão

Brazilian real estate fund GARE11 has agreed to sell nine properties, including five leased to retailer Atacadão, to FII Riza Renda Imobiliária Master for R$791 million. The transaction is a portfolio repositioning by GARE11, likely to improve liquidity or focus. The deal's impact on fund unit prices and the broader Brazilian real estate market is uncertain until further details on pricing and terms are disclosed.

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