Five strategies across equity and credit positions in U.S. real estate — accessed through two vehicle types and allocated quarterly by our Investment Committee through the Market Outlook framework.
A dollar-denominated return stream that pays income, resists inflation, and moves to its own cycle — a third engine for a global portfolio, with a tax framework built for international capital.
Appreciation through equity and contractual income through credit — both in the world's reserve currency.
Real estate values move with rents and operations, not with the daily mood of markets — steadier by nature. And with historically low correlation to stocks and bonds, they add genuine diversification to a portfolio.
Fragmented across thousands of local operators, the U.S. middle market sits largely below the radar of large institutions — pricing is negotiated, not quoted. Disciplined selection turns that inefficiency into return.
Risk-adjusted returns have historically outperformed stocks and bonds through full cycles.
Rents reset and replacement costs rise with inflation — income and capital move together.
Depreciation, treaty access and 1031 exchanges — material after-tax efficiency for qualified international investors.
Two ways to access the same approach — both built to pay income and build capital. Investors choose between diversified portfolios across strategies and asset classes, or direct exposure to specific trophy assets, depending on conviction, risk profile, and cash flow needs.
Portfolios that combine multiple strategies, asset classes, and regions across U.S. real estate. Resilient cash flows across positions, balanced by design.
Direct exposure to a specific trophy or prime asset — for investors who want conviction and concentration in a single position with strong cash flow or appreciation profile.
Equity and credit positions across U.S. real estate, spanning the capital structure. Allocation is calibrated quarterly by our Investment Committee through the Market Outlook framework — which strategies receive capital, and in what proportions, across base, downside, and upside scenarios. Select a strategy to see its profile.
U.S. real estate markets are deep, varied, and uncorrelated within. Our access reaches across 30+ states through programmatic partnerships with operating partners present on the ground.
Investments structured across 30+ U.S. states — trophy markets in the Northeast, Southeast, Midwest, Mountain West and Florida — selected for demographic and economic dynamics that sustain real estate value across cycles.
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
