By IPE staff2021-01-19T17:37:00+00:00 Canada Pension Plan Investment Board (CPP Investments), Greystar Real Estate Partners and Cyrela Brazil Realty have created a Brazilian multifamily development venture with SKR. The partnership will own and operate a purpose-built 220-unit rental multifamily project in the Pinheiros/Rebouças district of São Paulo expected to be delivered in 2023, making it the first institutionally-owned and operated multifamily platform in Brazil. Hilary Spann, managing director and CPP Investments Americas real estate head, said: “CPP Investments continues to see increasing demand in the rental multifamily sector in Brazil, which will particularly benefit developers of modern, high-quality residential space.”