Brazilian institutional investors sold R$ 182 million in real estate funds last week
Domestic institutional investors withdrew R$ 182.2 million from Brazilian REITs while retail buyers added R$ 125.3 million, resulting in a net outflow.
Brazil's real estate fund market closed the first week of September after rising 0.78% to 3,769.71 points on the IFIX index, according to the Latin America REITs Association weekly flow report. The broader CDI benchmark gained 0.26% during this period. Total volume reached R$ 2.36 billion across 314 funds, averaging roughly R$ 473 million daily, which is about 9% higher than the annual average.
The primary driver of weekly performance was a clear split between investor types. Local institutional investors posted a net outflow of R$ 182.2 million. In contrast, retail investors accumulated a net inflow of R$ 125.3 million. Non-resident investors added R$ 55.6 million to the total.
Real estate funds dominated the sell side during this week. Brick-based properties accounted for the majority of capital leaving the market, as detailed in the weekly flow data. TRXF11 led trading activity with an average daily volume of R$ 31.1 million. KNCR11 followed with R$ 21.8 million daily, and HGLG11 traded R$ 20.6 million on average.
