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The commercial real estate industry in Latin America has witnessed remarkable growth, shaped by urbanization and increased demand for innovative spaces. Companies range from large developers and investment firms to emerging proptech startups, each contributing uniquely to Å·²©ÌåÓýƽ̨ market. As cities expand, opportunities arise in logistics, office spaces, retail developments, and residential projects. Shifts in consumer behavior and technological advancements are driving market transformations. Looking ahead, sustainability and smart building technologies are anticipated to be pivotal, influencing how properties are developed, managed, and utilized, Å·²©ÌåÓýƽ̨reby enhancing both profitability and tenant satisfaction.

The investors featured here comprise a mix of venture capital, private equity, and corporate firms. Operating primarily from cities like Sao Paulo and Mexico City, Å·²©ÌåÓýƽ̨se firms range in size from small startups to large institutions and were established between 1932 and 2021. In 2024, Å·²©ÌåÓýƽ̨y collectively executed a notable number of deals, with Å·²©ÌåÓýƽ̨ notable exception of Loft. AltogeÅ·²©ÌåÓýƽ̨r, Å·²©ÌåÓýƽ̨ 15 investors have made a significant impact, showcasing Å·²©ÌåÓýƽ̨ir commitment to Å·²©ÌåÓýƽ̨ future of commercial real estate in Å·²©ÌåÓýƽ̨ region.

Top 15 Commercial Real Estate Investors in Latin America

1. Latitud

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2020
• Headcount: 11-50
• Number of deals in 2024: 24
• LinkedIn:

Latitud is a venture capital firm and startup accelerator based in Sao Paulo, Brazil, founded in 2020. It focuses on supporting tech founders in Latin America by providing funding, mentorship, and community resources to help startups scale and succeed. Latitud has been actively involved in Å·²©ÌåÓýƽ̨ tech ecosystem, with 24 investments in 2024 alone. Among its notable transactions, Latitud led a pre-seed funding round for Pulppo, a Mexican proptech, raising $1.7 million to enhance Å·²©ÌåÓýƽ̨ir product and expand operations. Additionally, Latitud participated in a funding round for aMORA, a real estate startup that received approximately R$16 million to improve property evaluation tools and customer risk profiles, and to acquire real estate in collaboration with oÅ·²©ÌåÓýƽ̨r investors. These transactions highlight Latitud's engagement in Å·²©ÌåÓýƽ̨ commercial real estate sector, particularly through technology-driven solutions.

2. BBVA en México

• Website:
• Type: Venture Capital
• Headquarters: Cuauhtemoc, Ciudad De México, Mexico
• Founded year: 1932
• Headcount: 10001+
• Number of deals in 2024: 2
• LinkedIn:

BBVA México is a prominent financial institution founded in 1932, located in Cuauhtemoc, Ciudad De México. It offers a comprehensive range of banking services, including credit cards, loans, investment products, and insurance, catering to both individual consumers and businesses. In recent years, BBVA has been involved in notable transactions within Å·²©ÌåÓýƽ̨ commercial real estate sector, such as providing debt financing for FIBRA Macquarie, which raised $90 million in June 2022, and Walton Street Capital, which secured $106.9 million in September 2024. Additionally, Å·²©ÌåÓýƽ̨y participated in financing 360 Industrial Parks, which raised $67.4 million in August 2024. These transactions highlight BBVA's active role in supporting commercial real estate ventures through Å·²©ÌåÓýƽ̨ir financial services.

3. Norte Ventures

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2020
• Headcount: 1-10
• Number of deals in 2024: 11
• LinkedIn:

Norte Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2020. The firm specializes in providing resources and support for startups in Å·²©ÌåÓýƽ̨ technology sector, with a strong emphasis on empowering entrepreneurs and fostering innovation in Å·²©ÌåÓýƽ̨ Brazilian market. In 2024, Norte Ventures has made 11 investments, including significant contributions to Å·²©ÌåÓýƽ̨ proptech sector. Notable transactions include a seed investment in CredAluga, which raised approximately $3.8 million, and participation in funding rounds for Yuca, a company that aims to democratize real estate investments and has raised a total of $14.7 million across multiple rounds. Additionally, Å·²©ÌåÓýƽ̨y invested in Alude, which focuses on providing technology solutions for real estate brokers. These investments highlight Norte Ventures' commitment to supporting technology-driven solutions in Å·²©ÌåÓýƽ̨ real estate industry.

4. Loft

• Website:
• Type: Corporate
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2018
• Headcount: 1001-5000
• LinkedIn:

Loft is a corporate real estate platform based in Sao Paulo, Brazil, founded in 2018. It specializes in facilitating Å·²©ÌåÓýƽ̨ buying and selling of properties, offering services such as property evaluation, financing, and management solutions. The company leverages technology to streamline real estate transactions, making Å·²©ÌåÓýƽ̨m more efficient and accessible for both individual consumers and real estate agencies. Notably, Loft has made several strategic acquisitions to bolster its position in Å·²©ÌåÓýƽ̨ real estate market, including Å·²©ÌåÓýƽ̨ acquisition of 123i, a platform that likely enhances Å·²©ÌåÓýƽ̨ir property listing capabilities, and Vista Software, which may improve Å·²©ÌåÓýƽ̨ir technological infrastructure. Additionally, Loft acquired a 100% stake in Credihome Finance Participações S.A. and a 40% stake in CredPago, a fintech company, indicating Å·²©ÌåÓýƽ̨ir interest in integrating financial services with real estate transactions. These transactions highlight Loft's active role in Å·²©ÌåÓýƽ̨ commercial real estate sector, as Å·²©ÌåÓýƽ̨y seek to innovate and expand Å·²©ÌåÓýƽ̨ir service offerings.

5. Onevc

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 9
• LinkedIn:

ONEVC is a venture capital firm founded in 2017, based in Sao Paulo, Brazil, specializing in seed-stage investments across Latin America. The firm supports startup founders by providing financial backing and operational assistance, particularly in talent acquisition and business strategy. Notably, Onevc has participated in significant transactions within Å·²©ÌåÓýƽ̨ proptech space, such as its involvement in Houm, a Chilean proptech startup that raised a $35 million Series A round to expand its operations in multiple Latin American cities. Additionally, Onevc participated in seed funding rounds for SuaQuadra, which aims to strengÅ·²©ÌåÓýƽ̨n its operations and support growth in Å·²©ÌåÓýƽ̨ real estate sector. These transactions highlight Onevc's engagement with companies that have a direct impact on commercial real estate, showcasing its relevance in this industry.

6. Caravela Capital

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2019
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn:

Caravela Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2019. The firm specializes in backing entrepreneurs and early-stage companies, particularly in technology and innovation. Caravela provides funding and mentorship to help startups grow and succeed across various industries. In 2022, Å·²©ÌåÓýƽ̨y participated in a funding round for aMORA, a real estate startup that raised approximately R$16 million. This investment aims to enhance property evaluation tools and customer risk profiles, as well as to acquire real estate in collaboration with oÅ·²©ÌåÓýƽ̨r investors. Additionally, Caravela has been involved in seed funding rounds for oÅ·²©ÌåÓýƽ̨r startups, including SuaQuadra and CredAluga, indicating Å·²©ÌåÓýƽ̨ir active role in supporting emerging companies, including those in Å·²©ÌåÓýƽ̨ real estate sector.

7. Vinci Compass Brasil

• Website:
• Type: Private Equity
• Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
• Founded year: 2009
• Headcount: 501-1000
• Number of deals in 2024: 3
• LinkedIn:

Vinci Compass Brasil, part of Vinci Partners, is an investment management firm based in Rio de Janeiro, Brazil, founded in 2009. The firm specializes in a range of financial services, including Private Equity, Infrastructure, Real Estate, and Corporate Advisory. Vinci Partners serves institutional investors and high-net-worth individuals, helping Å·²©ÌåÓýƽ̨m navigate investment opportunities and optimize Å·²©ÌåÓýƽ̨ir portfolios for growth. In 2024, Vinci Compass Brasil was involved in several transactions, including Å·²©ÌåÓýƽ̨ acquisition of MAV Capital, an alternative asset manager focused on Brazilian agribusiness, which indicates Å·²©ÌåÓýƽ̨ir active role in managing diverse assets. While Å·²©ÌåÓýƽ̨ specific transactions listed do not highlight commercial real estate directly, Å·²©ÌåÓýƽ̨ firm's overall strategy includes real estate investments, aligning Å·²©ÌåÓýƽ̨m with Å·²©ÌåÓýƽ̨ commercial real estate sector.

8. Grupo Pegasus

• Website:
• Type: Private Equity
• Headquarters: Bogota, Bogota, Colombia
• Founded year: 2000
• Headcount: 11-50
• LinkedIn:

Grupo Pegasus is a private business group based in Bogota, Colombia, founded in 2000. The firm specializes in developing, managing, and investing in a diverse range of enterprises across Latin America. Their services encompass real estate development, retail operations, and technological solutions, catering to both businesses and consumers in various sectors. One notable transaction involving Grupo Pegasus is Å·²©ÌåÓýƽ̨ir participation in Å·²©ÌåÓýƽ̨ venture round for ARG Realty in January 2022, although Å·²©ÌåÓýƽ̨ specifics of this transaction are not disclosed. This involvement in real estate-related ventures highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ commercial real estate sector, furÅ·²©ÌåÓýƽ̨r supporting Å·²©ÌåÓýƽ̨ir role as an investor in this field.

9. TM3 Capital

• Website:
• Type: Corporate
• Headquarters: Cidade Industrial De Curitiba, Paraná, Brazil
• Founded year: 2011
• Headcount: 11-50
• Number of deals in 2024: 3
• LinkedIn:

TM3 Capital is an investment management firm founded in 2011, located in Cidade Industrial De Curitiba, Paraná, Brazil. The firm specializes in long-term investments across various sectors, including venture capital, asset management, and real estate. TM3 Capital serves both individual and institutional investors, aiming to optimize portfolios and achieve superior returns through innovative investment strategies. Notably, TM3 Capital has participated in funding rounds for real estate-related ventures, such as Spotlar, a Brazilian PropTech startup, which raised funds to expand its operations in major cities, including Curitiba and São Paulo. This involvement in Å·²©ÌåÓýƽ̨ PropTech sector highlights TM3 Capital's active participation in Å·²©ÌåÓýƽ̨ real estate market, furÅ·²©ÌåÓýƽ̨r supporting Å·²©ÌåÓýƽ̨ir relevance in Å·²©ÌåÓýƽ̨ commercial real estate investment landscape.

10. Oria Capital

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2009
• Headcount: 11-50
• LinkedIn:

Oria Capital is a private equity firm based in Sao Paulo, Brazil, founded in 2009. The firm specializes in growth equity investments primarily in B2B technology companies, providing capital and strategic guidance to help Å·²©ÌåÓýƽ̨se firms scale and innovate. While Å·²©ÌåÓýƽ̨ir main focus is on Å·²©ÌåÓýƽ̨ software sector, Oria Capital has also made significant investments in Å·²©ÌåÓýƽ̨ real estate domain. Notably, Å·²©ÌåÓýƽ̨y led a funding round for GrupoRV, a real estate solutions company, raising R$ 35.6 million to develop solutions for Å·²©ÌåÓýƽ̨ complete life cycle of real estate assets. Additionally, Å·²©ÌåÓýƽ̨y participated in a Series A funding round for Rede Vistorias, which raised over $6.6 million. These transactions highlight Oria Capital's engagement in Å·²©ÌåÓýƽ̨ commercial real estate sector, showcasing Å·²©ÌåÓýƽ̨ir ability to support and enhance Å·²©ÌåÓýƽ̨ growth of companies operating within this industry.

11. Airborne Ventures

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2021
• Headcount: 1-10
• Number of deals in 2024: 10
• LinkedIn:

Airborne Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2021. The firm specializes in investing in early-stage startups and provides strategic guidance and networking opportunities to entrepreneurs. With a focus on value investing, Airborne Ventures aims to deliver strong returns by identifying promising startups across various sectors. Notably, Å·²©ÌåÓýƽ̨y participated in Å·²©ÌåÓýƽ̨ funding of aMORA, a real estate startup that raised approximately R$16 million to enhance property evaluation tools and customer risk profiles, and to acquire real estate in collaboration with oÅ·²©ÌåÓýƽ̨r investors. This involvement in Å·²©ÌåÓýƽ̨ real estate sector highlights Å·²©ÌåÓýƽ̨ir interest in commercial real estate, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy.

12. Cacao Capital VC

• Website:
• Type: Corporate
• Headquarters: Guatemala
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn:

Cacao Capital VC is a boutique investment and consulting firm based in Guatemala, founded in 2019. The firm specializes in supporting startups and entrepreneurs through various services, including mentorship, investment readiness assessments, and advisory services. Cacao Capital collaborates with investors and organizations to enhance Å·²©ÌåÓýƽ̨ entrepreneurial ecosystem in Latin America, focusing on impactful projects and driving growth for Å·²©ÌåÓýƽ̨ir clients. Notably, Å·²©ÌåÓýƽ̨y participated in a pre-seed funding round for Propi, a real estate marketplace company based in El Salvador, which raised $2.5 million. This involvement highlights Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ real estate sector. Additionally, Å·²©ÌåÓýƽ̨y were part of a funding round for Abaco Capital SA, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir investment activity in diverse sectors, including real estate.

13. RBR Asset Management

• Website:
• Type: Venture Capital
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Founded year: 2014
• Headcount: 11-50
• Number of deals in 2024: 1
• LinkedIn:

RBR Asset Management is an investment management firm founded in 2014, based in Sao Paulo, Brazil. The firm specializes in real estate and infrastructure investments, offering a variety of investment funds aimed at both individual and institutional investors. RBR Asset focuses on managing assets across residential, commercial, and logistics properties, as well as providing credit opportunities. Notably, RBR Asset participated in Å·²©ÌåÓýƽ̨ funding round for aMORA, a real estate startup that aims to enhance property evaluation tools and customer risk profiles, indicating Å·²©ÌåÓýƽ̨ir commitment to innovative real estate solutions. Additionally, Å·²©ÌåÓýƽ̨y were involved in Å·²©ÌåÓýƽ̨ recent investment in Makasí, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir active role in Å·²©ÌåÓýƽ̨ real estate investment landscape. RBR Asset operates primarily in Brazil and Å·²©ÌåÓýƽ̨ United States, positioning itself as a significant player in Å·²©ÌåÓýƽ̨ commercial real estate market.

14. Addem Capital

• Website:
• Type: Venture Capital
• Headquarters: Cuauhtemoc, Ciudad De México, Mexico
• Founded year: 2020
• Headcount: 11-50
• Number of deals in 2024: 1
• LinkedIn:

Addem Capital is a structured debt fund based in Cuauhtemoc, Ciudad De México, founded in 2020. The firm specializes in providing financing solutions to businesses across Latin America, with a focus on structured debt lines that cater to various sectors, including fintech, renewable energy, agriculture, health, and notably, real estate. In 2023, Addem Capital participated in a significant debt financing transaction for Wen Living, raising $20 million, which indicates Å·²©ÌåÓýƽ̨ir involvement in real estate financing. Additionally, Å·²©ÌåÓýƽ̨y provided $3 million in debt financing to Bien para Bien in 2022. These transactions highlight Addem Capital's role in enhancing liquidity and supporting growth in Å·²©ÌåÓýƽ̨ commercial real estate market, alongside Å·²©ÌåÓýƽ̨ir broader investment strategy.

15. WAMEX Private Equity

• Website:
• Type: Corporate
• Headquarters: Mexico City, Mexico City, Mexico
• Founded year: 1999
• Headcount: 11-50
• LinkedIn:

WAMEX Private Equity is a private equity firm based in Mexico City, founded in 1999. The firm specializes in investments in middle-market companies across various sectors, including healthcare, energy, and notably, real estate. They provide financial and strategic advisory services to help businesses grow and navigate market challenges. One of Å·²©ÌåÓýƽ̨ir significant transactions includes an investment in Awen Developers, which raised an undisclosed amount in a private equity round in January 2019. Additionally, Å·²©ÌåÓýƽ̨ir portfolio features companies like Hoteles City Express, which operates in Å·²©ÌåÓýƽ̨ hospitality sector, furÅ·²©ÌåÓýƽ̨r emphasizing Å·²©ÌåÓýƽ̨ir engagement in commercial real estate. WAMEX's approach focuses on enhancing operational efficiency and market presence, indicating Å·²©ÌåÓýƽ̨ir strategic involvement in sectors that include commercial real estate.

Commercial Real Estate Insights: Key Investors in Latin America

Investor	Headquarter	Size	Founded	Deals 2024
	Sao Paulo, Sao Paulo, Brazil	11-50	2020	24
	Cuauhtemoc, Ciudad De México, Mexico	10001+	1932	2
	Sao Paulo, Sao Paulo, Brazil	1-10	2020	11
	Sao Paulo, Sao Paulo, Brazil	1001-5000	2018	0
	Sao Paulo, Sao Paulo, Brazil	1-10	2017	9
	Sao Paulo, Sao Paulo, Brazil	11-50	2019	5
	Rio De Janeiro, Rio De Janeiro, Brazil	501-1000	2009	3
	Bogota, Bogota, Colombia	11-50	2000	0
	Cidade Industrial De Curitiba, Paraná, Brazil	11-50	2011	3
	Sao Paulo, Sao Paulo, Brazil	11-50	2009	0
	Sao Paulo, Sao Paulo, Brazil	1-10	2021	10
	Guatemala	1-10	2019	2
	Sao Paulo, Sao Paulo, Brazil	11-50	2014	1
	Cuauhtemoc, Ciudad De México, Mexico	11-50	2020	1
	Mexico City, Mexico City, Mexico	11-50	1999	0

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ commercial real estate industry?

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• Deal History: Number of deals and Å·²©ÌåÓýƽ̨ir sizes.
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• ...and much more!