Strategy, selection and structuring — fiduciary to the investor, ahead of every capital commitment. Serving global investors since 2012.
Ativore Asset is an independent investment manager — carrying forward a U.S. real estate practice built since 2012 — structuring and governing U.S. real estate private equity and private credit, across diversified funds and single trophy deals, with reach into 30+ U.S. states.
We serve institutional, family-office and qualified private investors, partnering with local operators to reach the asset — while strategy, selection and structuring stay with us.
Track record of the cross-border practice carried forward by Ativore Asset since 2012 — across current CVM-regulated funds (manager founded 2019) and predecessor advisory portfolios (2012–2018). Past performance is not indicative of future results.
Exposure to the world's reserve currency. Capital appreciation through equity strategies and contractual dollar income through credit positions — relevant for cross-border investors building dollar-denominated portfolios.
For investors concentrated in a single economy and currency, private U.S. real estate adds a hard-asset sleeve that historically holds purchasing power and moves with neither public markets nor home-market cycles — diversification that is hard to assemble without access to private deals.
The U.S. tax framework — depreciation, partnership structures, treaty access, 1031 like-kind exchanges — provides material after-tax efficiency for qualified international investors when vehicles are appropriately structured.
Returns that don't rely on the market rising. We see value earlier, access deals before the broad market, underwrite with discipline, structure across borders to protect net returns, and create value hands-on after closing.
A proprietary, Investment Committee–driven Market Outlook paired with granular intelligence from local operators — reading cycle, submarket, supply and capital flows to find where value is forming.
Strategic partnerships are not built in haste. Since 2012, we have mapped +300 U.S. real estate operators, analyzed +100 in depth, and approved +20 U.S. operators — each held to four selection principles:
With one of our approved operators — JSB Capital — we went beyond deal-by-deal and built a programmatic joint venture, JSB Ativore, giving our investors standing presence near the asset across 30+ U.S. states: local sourcing, on-the-ground underwriting, and hands-on asset management — executed by JSB Capital as operating partner, while selection, structuring and governance stay with us.
Visit the JSB Ativore siteSourced through JSB Capital’s decade-old U.S. network of operators, brokers, developers and lenders — informed by submarket rents and supply pipelines that broader buyers don’t see.
Margin from buying below replacement cost, the developer’s margin in build-to-rent, or cycle-aware timing — every deal underwritten against our quarterly directive and stress-tested by our Investment Committee.
Hands-on repositioning, leasing analytics and pricing across JSB Capital’s in-house residential portfolio — net operating income that grows independent of cap-rate compression.
Refinancings, sales and major capital decisions are read from the ground and governed within the JV — with Ativore Asset participating as fiduciary through the life of the investment.
Our perspective on U.S. real estate markets, deal-level case studies, and the methodology behind our Investment Committee — published for investors, partners, and the broader institutional community.
Featured
A presente instituição aderiu ao Código ANBIMA de Administração e Gestão de Recursos de Terceiros, nas atividades de Gestão de Recursos de Terceiros e de Distribuição de Produtos de Investimento.
Ativore Gestora de Recursos Ltda. · CNPJ 33.754.914/0001-05
Investment manager authorized by the Brazilian Securities Commission (CVM) · Resolução CVM 21/2021
