Last year, our partnership with Uliving and Patria created a further 548 student units in São Paulo and Porto Alegre through the completion of two developments. This 25% uplift in homes within a year has created a total of 2,188 new beds in underserved markets.

Both developments feature a suite of amenities, such as extensive common areas, gyms, and food and beverage operations, along with shared kitchens, study rooms and laundry facilities – providing high-quality housing to meet real market demand.

Leasing performance has been remarkably strong across the entirety of the portfolio, with lease renewals reaching nearly 80% of their target within the first month.