A Brazilian logistics real estate investment trust (REIT) saw its share price rocket 24.9% Thursday following a strategic acquisition offer. GGR Covepi Renda Imobiliária (GGRC11) proposed buying all warehouse properties owned by REC Logística(RELG11) for R$133 million (approximately $26.6 million). Brazilian REITs, locally known as “FIIs,” operate similarly to their international counterparts by pooling investor […]
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