GTIS Partners is playing the long game in Brazil. The New York-based investment management company was the first major international investor in the country’s real estate market and today remains the largest foreign real estate investor in Brazil. Tom Shapiro, president of GTIS and a Tishman Speyer alumnus, spoke to REFI’s Eleanor Duncan about why he is not concerned that the recent political protests in Brazil will derail the country’s momentum or about market worries of a housing bubble in the U.S.

Tom Shapiro
Tom Shapiro

What kind of opportunities do you see in Brazil?
We see Brazil as an opportunity to provide product that hasn’t existed in the past—office buildings, warehouses, hotels—to a different standard. Brazil’s middle class has grown to 36 million, there’s low unemployment and a very prosperous economy.

Yes, the market....

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