Brazilian digital bank Inter&Co has partnered with Miami-based real estate developer Resia to launch a private equity fund that will invest in affordable housing developments.
Inter Resia Opportunity Fund I aims to raise $30 million in capital to develop Resia Golden Glades, an affordable housing project in North Miami.
The fund is designed to give non-U.S. international investors access to a “family” of investment funds focused on private equity multifamily development that were previously available only to high-net-worth individuals, the groups said in a statement. Investments in the fund can start from as little as $2,000 in Brazilian funds.
