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Gafisa S.A. Message Board

  • the_entitled the_entitled Dec 20, 2012 12:10 PM Flag

    Pension Funds showing up en masse.

    three times more fy2013...and we’re not even trying.

    “Fundacao Real Grandeza, the pension fund for Furnas Centrais Eletricas SA, plans to invest about 150 million reais in real estate funds next year after investing 40 million this year…The government has been encouraging real estate funds to expand with tax incentives to increase financing options for housing and construction industries in order to boost employment and the economy.” Bloomberg it under the title Brazil REITs’ Record Returns Lure Yield-Hungry: Mortgages

    There’s a $80M secondary for working capital. Orders must be coming fast and furious.

    Sentiment: Strong Buy

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