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The joint venture’s first project will be a $500 million luxury Miami property. Global investment manager Leste Group has partnered with Opportunity Fundo de Investimento Imobiliário, a Brazil-based private investment firm, to form a new real estate development company, LORE Development Group.
Iconic Equities, a real estate investment and development firm focused onindustrial assets, and Leste Real Estate U.S. (“Leste Real Estate”), the real estate investment strategy ofglobal independent alternative investment manager Leste Group, today announced that they haveformed a joint venture backed by institutional capital to acquire $400 million of industrial...