About us

Above the deal.
Beside the investor.

Independent, CVM-regulated investment manager for U.S. real estate — serving institutional, family-office and qualified private capital globally since 2012.

Who we are

Institutional U.S. real estate investing, since 2012.

Ativore Asset gives global investors access to U.S. real estate private equity. We raise the capital, select and structure each deal, and govern it through the cycle — as the independent, regulated investment manager within the Ativore Group, pairing fiduciary discipline with proximity to the asset, which we reach through JSB Ativore, our programmatic JV with JSB Capital as operating partner.

We carry forward a cross-border practice serving global investors since 2012, built on institutional governance, investor relations and disciplined capital deployment — under a fiduciary mandate and an independent Investment Committee.

The Ativore Ecosystem One holding · Three member firms
Why invest with us

What you can hold us to.

Four commitments that define how we treat your capital — each one structural, not aspirational.

See full track record
01
You Invest Above the Operator, Not Beside It.
An independent layer selects, negotiates and can decline any deal. You back a fiduciary's judgment across many operators — never a single sponsor's incentives.
02
You Are the Only One Who Pays Us.
We are compensated by investors, never by operators. Rebates negotiated with operators are passed through to you — no double fees, no divided loyalty.
03
We Invest Alongside You.
Every founding partner commits personal capital to the strategies we offer — our outcome is your outcome. Meet the partners →
04
You See Everything, Through the Whole Cycle.
Quarterly institutional reporting, a 24/7 investor portal, and active Investment Committee oversight from acquisition to exit.
Portfolio strategy

Above every deal.A directive — refreshed quarterly.

The Market Outlook framework translates U.S. economic regimes into an executive directive that screens every JSB Ativore opportunity before it reaches the Investment Committee.

01

Macro

Eight regimes name the U.S. economic state. A structural layer isolates slow-moving drivers from the cyclical reading; a risk layer carries scenarios that could redraw the base case.
02

Strategy

Credit spreads, operating fundamentals and cap rate dynamics converge on the leverage spread — cap rate minus all-in cost of capital. A verdict matrix screens which deal types make sense in the current regime, across base, downside and upside leverage scenarios.
03

Directive

Each quarter the verdicts produce one executive directive across five deal dimensions — financing, market selection, pricing, asset structure, hold period. The deal team screens the operator pipeline against the directive.

The Market Outlook is produced by Ativore Asset's investment team — applied to JSB Ativore's investment decisions through the Investment Committee.

Asset selection

Selected with discipline. Above any single operator. Across classes and cycles.

Operators source opportunities. We provide the independent layer above any operator — selection, negotiation and approval through a data-driven framework of private databases, advanced analytical tools and Investment Committee discretion. Each deal is approved or declined case by case.

Asset selection · since 2012
+500+90
Investments analyzed → approved
01Access

Through long-standing relationships with U.S. operating partners, we maintain visibility into a broad pipeline of opportunities — many before they reach the broader market.

02Triage

Initial screen against the current quarterly directive from our Market Outlook framework. If the opportunity doesn't fit the prevailing regime, it doesn't advance.

03Due Diligence

Proprietary financial model and private databases · Value Drivers · Benchmarking · Sensitivity · Stress Tests · advanced analytical tools.

04Negotiation

Investor protections, information rights, governance over strategic decisions. Operator rebates passed through to investors — no double fees.

05IC Approval

The Investment Committee deliberates · binary outcome · two to four weeks end-to-end. Approval is the only signal capital is committed.

Figures reflect the selection record of the cross-border practice carried forward by Ativore Asset since 2012, across current regulated funds and predecessor advisory portfolios.

Cross-border structuring

Five jurisdictions. Tax‑optimized for each investor's profile.

Every investor accesses the same asset through the structure that maximizes after-tax returns for their residence and profile. We design vehicles across five jurisdictions — and combinations of them — depending on investor location, asset class and applicable treaty.

At realization, both U.S.-resident and global investors may elect to defer capital gain by rolling proceeds into the next deal — through the structure appropriate to each investor's profile.

Asset jurisdiction Investor access structures

United States

Asset jurisdiction

U.S. LP and LLC structures at asset level. Native to U.S.-resident investors.

BVI

British Virgin Islands

Offshore feeder vehicles for global investors. Tax-neutral wrapper.

Cayman

Cayman Islands

Master funds and limited partnerships. Institutional standard.

Luxembourg

EU structures

European compliance vehicles. For institutional capital from the EU/EEA.

Brazil

CVM-regulated

Local funds for Brazilian institutional and qualified private investors. CVM Resolution 160 / 4373.

Reporting & governance

Oversight through the cycle.Reported with institutional discipline.

From acquisition to realization, every investment is monitored quarterly — with institutional-grade reporting to investors and active Investment Committee oversight at every decision point.

What investors receive

Reporting

  • Quarterly investor reportscapital account, NAV and per-asset performance vs underwriting baseline
  • Centralized investor portal24/7 access to documents, reports and performance data
  • Material event notificationsrefinancings, exits, underwriting variance escalations between cycles
INSTITUTIONAL OVERSIGHT Disciplined. Transparent. Aligned. 01 ACQUISITION 02 MONITORING (QUARTERLY) 03 DECISIONS 04 REALIZATION
How the IC stays active

Governance

  • Quarterly IC revieweach investment monitored against underwriting baseline
  • Exit timing decisionsremain with the Investment Committee throughout the life of the deal
  • Refinancing and capital allocationdecisions reviewed against the quarterly directive
Active Investment Committee At every decision point.
Quarterly cadence
Disciplined process
Investor alignment