GlobeNewswire·Dec 11, 2025, 7:30 AM ET

Patria Investments Announces Acquisition of RBR Gestão, adding US$ 1.5 bn in Listed Real Estate Investment Trusts ("REITs") in Brazil

Patria Investments Limited announced an agreement to acquire RBR Gestão de Recursos Ltda., which will hold approximately US$1.5 billion in listed Real Estate Investment Trusts (REITs) following internal reorganization.
RBR Gestão currently manages 12 funds, including 11 listed REITs focused on Credit & Multi-Asset strategies, while non-perimeter assets remain with other RBR Group companies.
The transaction is not subject to shareholder or antitrust approvals but remains subject to customary conditions precedent & is expected to close in Q1 2026.
Post-acquisition, Patria will become the leading listed REIT manager in Brazil with scale across Office, Logistics, Credit, Multi-Asset, & Urban Retail strategies.
The deal adds approximately US$1.3 billion in Fee Earning Assets under Management (FEAUM), increasing Patria's total Real Estate FEAUM to US$8.5 billion pro-forma as of 3Q25.
Patria's Real Estate FEAUM has achieved a Compound Annual Growth Rate (CAGR) of over 65% since its IPO in early 2021, with high-margin strategies representing over 20% of total FEAUM.
90% of Patria's Real Estate strategies are structured in permanent capital vehicles.
Transaction terms are undisclosed, but the acquisition is expected to be accretive to both Focal Return on Equity (FRE) & Diluted Earnings per Share (DE) in the first year.