Important notice
Last updated: June 11, 2026 · Effective: June 11, 2026
1. General
This website is published under the JSB Ativore Real Estate brand — a joint venture between Ativore Asset (investment manager / fiduciary) and JSB Capital (operating partner) for U.S. real estate investments. References to "JSB Ativore" on this website refer to that joint venture arrangement, which operates on a deal-by-deal basis through specific investment vehicles, and not to any single legal entity. The content of this website is provided for informational purposes only. Nothing on this website constitutes investment, legal, accounting or tax advice, or a recommendation to adopt any investment strategy. It is not directed at any person in any jurisdiction where its publication or availability would be contrary to law.
2. No offering
Nothing on this website constitutes an offer to sell, or a solicitation of an offer to buy, any security or interest in any vehicle. All investments presented on this website are closed to new investors; no investment is being offered through this website. Any future offering would be made solely to eligible investors — persons who qualify as "accredited investors" under Regulation D of the U.S. Securities Act of 1933, or as non-U.S. persons in offshore transactions under Regulation S thereunder, and who meet any applicable eligibility requirements of their own jurisdiction — through definitive offering documents on a private-placement basis, which would supersede in their entirety the information presented here. An investment decision should be made only on the basis of such documents, including their risk factors, and after consultation with the investor's own legal, tax and financial advisers.
3. Risk of loss
An investment in real estate involves substantial risk, including illiquidity, long holding periods with no certainty of distributions, dependence on key personnel, the use of leverage, construction and development risk, market and macroeconomic conditions, and the possible loss of the entire amount invested. There can be no assurance that any investment objective will be achieved.
4. Performance information
Realized returns presented on this website are expressed in U.S. dollars and presented gross of fees, expenses and carried interest. Target returns are presented net of all fees, expenses and carried interest and are projections based on current underwriting assumptions; they are hypothetical in nature, are not guarantees, and actual results may differ materially. Selected investments shown are not representative of the entirety; a complete list of realized investments is available upon request. Past performance is not indicative of future results.
5. Track record attribution
The operating track record shown on this website represents the activities of JSB Capital as operating partner of the joint venture, not of JSB Ativore or Ativore Asset. JSB Ativore does not maintain consolidated AUM; it operates on a deal-by-deal basis.
6. Forward-looking statements
This website may contain forward-looking statements, including target returns, projected exit dates and market views. Such statements are based on current expectations and assumptions, involve known and unknown risks and uncertainties, and may prove incorrect. Actual results may differ materially. None of JSB Ativore, Ativore Asset or JSB Capital undertakes any obligation to update any forward-looking statement.
7. Regulatory status
Any interests in vehicles referenced on this website have not been registered under the U.S. Securities Act of 1933, the U.S. Investment Company Act of 1940 or the securities laws of any state or other jurisdiction; such interests were offered, and any future offering would be made, solely in reliance on exemptions from, or in transactions not subject to, the registration requirements of such laws, including offerings made outside the United States in reliance on Regulation S. No securities regulator or other governmental authority has approved or passed upon the merits of any offering or the accuracy of this website. JSB Ativore is not a registered investment adviser or broker-dealer in the United States. Ativore Asset is an investment manager regulated by the Brazilian Securities Commission (CVM); its registration with the CVM does not constitute registration or supervision by any U.S. authority.
8. Third-party information
Certain information on this website is derived from third-party sources believed to be reliable. None of JSB Ativore, Ativore Asset or JSB Capital guarantees its accuracy or completeness, and the information has not been independently audited or verified.
9. Changes
The contents of this website may be modified, updated or removed at any time without notice. Questions regarding this notice may be directed to contact@jsbativore.com.