US Real Estate Senior Fund buys Brazilian start-up

Statue of Liberty and Manhattan; Creates a fund targeting Corona Proptex Photo: Reuters / Bjorn Gills

Home Ventures, owned by US real estate veteran John Corona, has added a Brazilian company to its portfolio. TownSq, a management and communications startup for condominiums born in Porto Alegre in 2013, was 100% acquired by the fund. The transaction amount has not been released.

Within the fund, TownSq closed two acquisitions. It acquired ATG, the site that manages the financial management of condominiums and community archives for recording documents and property history.

Gaúcha already had a partnership with Corona in condominium management

The relationship between Rio Grande do Sul and the woman from Corona began five years ago when she entered into a partnership with Associates, founded by an investor and one of the largest condominium management companies in the United States. After that, the Brazilian went to the United States and expanded his presence to Mexico and Canada.

This note was broadcast on 05/06/22 at 12:28 pm.

Broadcast + is a leading platform in the financial markets with real-time news and quotes, as well as other features to assist in analysis and decision making.

To learn more about Broadcast + and to request a demo, Access.