The commercial real estate industry in Latin America has witnessed remarkable growth, shaped by urbanization and increased demand for innovative spaces. Companies range from large developers and investment firms to emerging proptech startups, each contributing uniquely to the market. As cities expand, opportunities arise in logistics, office spaces, retail developments, and residential projects. Shifts in consumer behavior and technological advancements are driving market transformations. Looking ahead, sustainability and smart building technologies are anticipated to be pivotal, influencing how properties are developed, managed, and utilized, thereby enhancing both profitability and tenant satisfaction.


The investors featured here comprise a mix of venture capital, private equity, and corporate firms. Operating primarily from cities like Sao Paulo and Mexico City, these firms range in size from small startups to large institutions and were established between 1932 and 2021. In 2024, they collectively executed a notable number of deals, with the notable exception of Loft. Altogether, the 15 investors have made a significant impact, showcasing their commitment to the future of commercial real estate in the region.


Top 15 Commercial Real Estate Investors in Latin America


1. Latitud

  • Website: latitud.com
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 24
  • LinkedIn: latitude4

Latitud is a venture capital firm and startup accelerator based in Sao Paulo, Brazil, founded in 2020. It focuses on supporting tech founders in Latin America by providing funding, mentorship, and community resources to help startups scale and succeed. Latitud has been actively involved in the tech ecosystem, with 24 investments in 2024 alone. Among its notable transactions, Latitud led a pre-seed funding round for Pulppo, a Mexican proptech, raising $1.7 million to enhance their product and expand operations. Additionally, Latitud participated in a funding round for aMORA, a real estate startup that received approximately R$16 million to improve property evaluation tools and customer risk profiles, and to acquire real estate in collaboration with other investors. These transactions highlight Latitud's engagement in the commercial real estate sector, particularly through technology-driven solutions.


2. BBVA en México

  • Website: bbva.mx
  • Type: Venture Capital
  • Headquarters: Cuauhtemoc, Ciudad De México, Mexico
  • Founded year: 1932
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: bbva-mexico

BBVA México is a prominent financial institution founded in 1932, located in Cuauhtemoc, Ciudad De México. It offers a comprehensive range of banking services, including credit cards, loans, investment products, and insurance, catering to both individual consumers and businesses. In recent years, BBVA has been involved in notable transactions within the commercial real estate sector, such as providing debt financing for FIBRA Macquarie, which raised $90 million in June 2022, and Walton Street Capital, which secured $106.9 million in September 2024. Additionally, they participated in financing 360 Industrial Parks, which raised $67.4 million in August 2024. These transactions highlight BBVA's active role in supporting commercial real estate ventures through their financial services.


3. Norte Ventures

  • Website: norte.ventures
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2020
  • Headcount: 1-10
  • Number of deals in 2024: 11
  • LinkedIn: norteventures

Norte Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2020. The firm specializes in providing resources and support for startups in the technology sector, with a strong emphasis on empowering entrepreneurs and fostering innovation in the Brazilian market. In 2024, Norte Ventures has made 11 investments, including significant contributions to the proptech sector. Notable transactions include a seed investment in CredAluga, which raised approximately $3.8 million, and participation in funding rounds for Yuca, a company that aims to democratize real estate investments and has raised a total of $14.7 million across multiple rounds. Additionally, they invested in Alude, which focuses on providing technology solutions for real estate brokers. These investments highlight Norte Ventures' commitment to supporting technology-driven solutions in the real estate industry.


4. Loft

  • Website: loft.com.br
  • Type: Corporate
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2018
  • Headcount: 1001-5000
  • LinkedIn: loftbr

Loft is a corporate real estate platform based in Sao Paulo, Brazil, founded in 2018. It specializes in facilitating the buying and selling of properties, offering services such as property evaluation, financing, and management solutions. The company leverages technology to streamline real estate transactions, making them more efficient and accessible for both individual consumers and real estate agencies. Notably, Loft has made several strategic acquisitions to bolster its position in the real estate market, including the acquisition of 123i, a platform that likely enhances their property listing capabilities, and Vista Software, which may improve their technological infrastructure. Additionally, Loft acquired a 100% stake in Credihome Finance Participações S.A. and a 40% stake in CredPago, a fintech company, indicating their interest in integrating financial services with real estate transactions. These transactions highlight Loft's active role in the commercial real estate sector, as they seek to innovate and expand their service offerings.


5. Onevc

  • Website: onevc.vc
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2017
  • Headcount: 1-10
  • Number of deals in 2024: 9
  • LinkedIn: onevc

ONEVC is a venture capital firm founded in 2017, based in Sao Paulo, Brazil, specializing in seed-stage investments across Latin America. The firm supports startup founders by providing financial backing and operational assistance, particularly in talent acquisition and business strategy. Notably, Onevc has participated in significant transactions within the proptech space, such as its involvement in Houm, a Chilean proptech startup that raised a $35 million Series A round to expand its operations in multiple Latin American cities. Additionally, Onevc participated in seed funding rounds for SuaQuadra, which aims to strengthen its operations and support growth in the real estate sector. These transactions highlight Onevc's engagement with companies that have a direct impact on commercial real estate, showcasing its relevance in this industry.


6. Caravela Capital

  • Website: caravela.capital
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2019
  • Headcount: 11-50
  • Number of deals in 2024: 5
  • LinkedIn: caravelacapital

Caravela Capital is a venture capital firm based in Sao Paulo, Brazil, founded in 2019. The firm specializes in backing entrepreneurs and early-stage companies, particularly in technology and innovation. Caravela provides funding and mentorship to help startups grow and succeed across various industries. In 2022, they participated in a funding round for aMORA, a real estate startup that raised approximately R$16 million. This investment aims to enhance property evaluation tools and customer risk profiles, as well as to acquire real estate in collaboration with other investors. Additionally, Caravela has been involved in seed funding rounds for other startups, including SuaQuadra and CredAluga, indicating their active role in supporting emerging companies, including those in the real estate sector.


7. Vinci Compass Brasil

  • Website: vincipartners.com
  • Type: Private Equity
  • Headquarters: Rio De Janeiro, Rio De Janeiro, Brazil
  • Founded year: 2009
  • Headcount: 501-1000
  • Number of deals in 2024: 3
  • LinkedIn: vincipartners

Vinci Compass Brasil, part of Vinci Partners, is an investment management firm based in Rio de Janeiro, Brazil, founded in 2009. The firm specializes in a range of financial services, including Private Equity, Infrastructure, Real Estate, and Corporate Advisory. Vinci Partners serves institutional investors and high-net-worth individuals, helping them navigate investment opportunities and optimize their portfolios for growth. In 2024, Vinci Compass Brasil was involved in several transactions, including the acquisition of MAV Capital, an alternative asset manager focused on Brazilian agribusiness, which indicates their active role in managing diverse assets. While the specific transactions listed do not highlight commercial real estate directly, the firm's overall strategy includes real estate investments, aligning them with the commercial real estate sector.


8. Grupo Pegasus


Grupo Pegasus is a private business group based in Bogota, Colombia, founded in 2000. The firm specializes in developing, managing, and investing in a diverse range of enterprises across Latin America. Their services encompass real estate development, retail operations, and technological solutions, catering to both businesses and consumers in various sectors. One notable transaction involving Grupo Pegasus is their participation in the venture round for ARG Realty in January 2022, although the specifics of this transaction are not disclosed. This involvement in real estate-related ventures highlights their engagement in the commercial real estate sector, further supporting their role as an investor in this field.


9. TM3 Capital

  • Website: tm3.capital
  • Type: Corporate
  • Headquarters: Cidade Industrial De Curitiba, Paraná, Brazil
  • Founded year: 2011
  • Headcount: 11-50
  • Number of deals in 2024: 3
  • LinkedIn: triv%c3%a8llam3

TM3 Capital is an investment management firm founded in 2011, located in Cidade Industrial De Curitiba, Paraná, Brazil. The firm specializes in long-term investments across various sectors, including venture capital, asset management, and real estate. TM3 Capital serves both individual and institutional investors, aiming to optimize portfolios and achieve superior returns through innovative investment strategies. Notably, TM3 Capital has participated in funding rounds for real estate-related ventures, such as Spotlar, a Brazilian PropTech startup, which raised funds to expand its operations in major cities, including Curitiba and São Paulo. This involvement in the PropTech sector highlights TM3 Capital's active participation in the real estate market, further supporting their relevance in the commercial real estate investment landscape.


10. Oria Capital


Oria Capital is a private equity firm based in Sao Paulo, Brazil, founded in 2009. The firm specializes in growth equity investments primarily in B2B technology companies, providing capital and strategic guidance to help these firms scale and innovate. While their main focus is on the software sector, Oria Capital has also made significant investments in the real estate domain. Notably, they led a funding round for GrupoRV, a real estate solutions company, raising R$ 35.6 million to develop solutions for the complete life cycle of real estate assets. Additionally, they participated in a Series A funding round for Rede Vistorias, which raised over $6.6 million. These transactions highlight Oria Capital's engagement in the commercial real estate sector, showcasing their ability to support and enhance the growth of companies operating within this industry.


11. Airborne Ventures

  • Website: airborne.ventures
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2021
  • Headcount: 1-10
  • Number of deals in 2024: 10
  • LinkedIn: airborne-ventures

Airborne Ventures is a venture capital firm based in Sao Paulo, Brazil, founded in 2021. The firm specializes in investing in early-stage startups and provides strategic guidance and networking opportunities to entrepreneurs. With a focus on value investing, Airborne Ventures aims to deliver strong returns by identifying promising startups across various sectors. Notably, they participated in the funding of aMORA, a real estate startup that raised approximately R$16 million to enhance property evaluation tools and customer risk profiles, and to acquire real estate in collaboration with other investors. This involvement in the real estate sector highlights their interest in commercial real estate, alongside their broader investment strategy.


12. Cacao Capital VC


Cacao Capital VC is a boutique investment and consulting firm based in Guatemala, founded in 2019. The firm specializes in supporting startups and entrepreneurs through various services, including mentorship, investment readiness assessments, and advisory services. Cacao Capital collaborates with investors and organizations to enhance the entrepreneurial ecosystem in Latin America, focusing on impactful projects and driving growth for their clients. Notably, they participated in a pre-seed funding round for Propi, a real estate marketplace company based in El Salvador, which raised $2.5 million. This involvement highlights their engagement in the real estate sector. Additionally, they were part of a funding round for Abaco Capital SA, further showcasing their investment activity in diverse sectors, including real estate.


13. RBR Asset Management

  • Website: rbrasset.com.br
  • Type: Venture Capital
  • Headquarters: Sao Paulo, Sao Paulo, Brazil
  • Founded year: 2014
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: rbr-asset-management

RBR Asset Management is an investment management firm founded in 2014, based in Sao Paulo, Brazil. The firm specializes in real estate and infrastructure investments, offering a variety of investment funds aimed at both individual and institutional investors. RBR Asset focuses on managing assets across residential, commercial, and logistics properties, as well as providing credit opportunities. Notably, RBR Asset participated in the funding round for aMORA, a real estate startup that aims to enhance property evaluation tools and customer risk profiles, indicating their commitment to innovative real estate solutions. Additionally, they were involved in the recent investment in Makasí, further showcasing their active role in the real estate investment landscape. RBR Asset operates primarily in Brazil and the United States, positioning itself as a significant player in the commercial real estate market.


14. Addem Capital

  • Website: addem-capital.com
  • Type: Venture Capital
  • Headquarters: Cuauhtemoc, Ciudad De México, Mexico
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: addem-capital

Addem Capital is a structured debt fund based in Cuauhtemoc, Ciudad De México, founded in 2020. The firm specializes in providing financing solutions to businesses across Latin America, with a focus on structured debt lines that cater to various sectors, including fintech, renewable energy, agriculture, health, and notably, real estate. In 2023, Addem Capital participated in a significant debt financing transaction for Wen Living, raising $20 million, which indicates their involvement in real estate financing. Additionally, they provided $3 million in debt financing to Bien para Bien in 2022. These transactions highlight Addem Capital's role in enhancing liquidity and supporting growth in the commercial real estate market, alongside their broader investment strategy.


15. WAMEX Private Equity

  • Website: wamex.mx
  • Type: Corporate
  • Headquarters: Mexico City, Mexico City, Mexico
  • Founded year: 1999
  • Headcount: 11-50
  • LinkedIn: wamex-private-equity

WAMEX Private Equity is a private equity firm based in Mexico City, founded in 1999. The firm specializes in investments in middle-market companies across various sectors, including healthcare, energy, and notably, real estate. They provide financial and strategic advisory services to help businesses grow and navigate market challenges. One of their significant transactions includes an investment in Awen Developers, which raised an undisclosed amount in a private equity round in January 2019. Additionally, their portfolio features companies like Hoteles City Express, which operates in the hospitality sector, further emphasizing their engagement in commercial real estate. WAMEX's approach focuses on enhancing operational efficiency and market presence, indicating their strategic involvement in sectors that include commercial real estate.



Commercial Real Estate Insights: Key Investors in Latin America


InvestorHeadquarterSizeFoundedDeals 2024
LatitudSao Paulo, Sao Paulo, Brazil11-50202024
BBVA en MéxicoCuauhtemoc, Ciudad De México, Mexico10001+19322
Norte VenturesSao Paulo, Sao Paulo, Brazil1-10202011
LoftSao Paulo, Sao Paulo, Brazil1001-500020180
OnevcSao Paulo, Sao Paulo, Brazil1-1020179
Caravela CapitalSao Paulo, Sao Paulo, Brazil11-5020195
Vinci Compass BrasilRio De Janeiro, Rio De Janeiro, Brazil501-100020093
Grupo PegasusBogota, Bogota, Colombia11-5020000
TM3 CapitalCidade Industrial De Curitiba, Paraná, Brazil11-5020113
Oria CapitalSao Paulo, Sao Paulo, Brazil11-5020090
Airborne VenturesSao Paulo, Sao Paulo, Brazil1-10202110
Cacao Capital VCGuatemala1-1020192
RBR Asset ManagementSao Paulo, Sao Paulo, Brazil11-5020141
Addem CapitalCuauhtemoc, Ciudad De México, Mexico11-5020201
WAMEX Private EquityMexico City, Mexico City, Mexico11-5019990


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