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P\u002FVP 0,67 em 28\u002F10\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FRBRI11\u002Fdocumentos\u002F11715","https:\u002F\u002Fwww.kartac.com.br\u002Fimages\u002Fog.png",{"@context":9,"@graph":10},"https:\u002F\u002Fschema.org",[11,17,22,31,49,64],{"@type":12,"@id":13,"name":14,"url":15,"logo":16},"Organization","https:\u002F\u002Fwww.kartac.com.br\u002F#organizacao","Kartac","https:\u002F\u002Fwww.kartac.com.br\u002F","https:\u002F\u002Fwww.kartac.com.br\u002Fandroid-chrome-512x512.png",{"@type":18,"@id":19,"name":14,"url":15,"inLanguage":20,"publisher":21},"WebSite","https:\u002F\u002Fwww.kartac.com.br\u002F#site","pt-BR",{"@id":13},{"@type":23,"@id":24,"url":6,"name":4,"description":5,"inLanguage":20,"isPartOf":25,"dateModified":26,"mainEntity":27,"breadcrumb":29},"WebPage","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FRBRI11\u002Fdocumentos\u002F11715#pagina",{"@id":19},"2026-10-20",{"@id":28},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FRBRI11\u002Fdocumentos\u002F11715#documento",{"@id":30},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FRBRI11\u002Fdocumentos\u002F11715#migalhas",{"@type":32,"@id":28,"name":33,"alternateName":34,"url":6,"inLanguage":20,"about":35,"genre":37,"datePublished":38,"temporalCoverage":39,"author":40,"publisher":46,"isBasedOn":48},"Report","Outros Relatórios RBRI11 de 31\u002F12\u002F2025","(RBRI) Outros Relatórios - 31\u002F12\u002F2025",{"@id":36},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FRBRI11#fundo","Relatórios","2026-03-26","2025-12-31",{"@type":12,"name":41,"identifier":42},"RBR PRIVATE EQUITY GESTAO DE RECURSOS LTDA",{"@type":43,"propertyID":44,"value":45},"PropertyValue","CNPJ","40.147.051\u002F0001-65",{"@type":12,"name":47},"BTG PACTUAL SERVICOS FINANCEIROS S.A. DISTRIBUIDOR","https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1145859",{"@type":50,"@id":36,"name":51,"alternateName":52,"url":55,"category":56,"identifier":57,"provider":62},"InvestmentFund","RBR Desenvolvimento III",[53,54],"RBRI11","FUNDO DE INVESTIMENTO IMOBILIÁRIO - FII RBR DESENVOLVIMENTO III RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FRBRI11","Híbrido",[58,60],{"@type":43,"propertyID":59,"value":53},"Ticker B3",{"@type":43,"propertyID":44,"value":61},"32.441.656\u002F0001-36",{"@type":12,"name":41,"identifier":63},{"@type":43,"propertyID":44,"value":45},{"@type":65,"@id":30,"itemListElement":66},"BreadcrumbList",[67,71,75,77],{"@type":68,"position":69,"name":70,"item":15},"ListItem",1,"Início",{"@type":68,"position":72,"name":73,"item":74},2,"FIIs","https:\u002F\u002Fwww.kartac.com.br\u002Franking",{"@type":68,"position":76,"name":53,"item":55},3,{"@type":68,"position":78,"name":34,"item":6},4,{"atualizado_em":80,"frases":81},"2026-11-04",[82,83,84,85],"Outros Relatórios do RBR Desenvolvimento III (RBRI11), fundo imobiliário híbrido, com data de referência em 31\u002F12\u002F2025, com entrega no FundosNet (B3) em 26\u002F03\u002F2026.","No pregão de 28\u002F10\u002F2026, a cota do RBRI11 fechou a R$ 200,50, com P\u002FVP de 0,67 (valor patrimonial de R$ 301,24 por cota no informe mensal de setembro de 2026).","O patrimônio líquido era de R$ 42,1 milhões no informe mensal de setembro de 2026.","Os indicadores são os mais recentes da base do Kartac, não os do período do documento.",{"id":87,"descricao":34,"assunto":88,"tipo":37,"situacao":89,"texto":90,"link_pdf":91,"estruturado":92,"link_original":48,"data_referencia":39,"data_entrega":93,"versao":69},11715,"Outros Relatórios","(Ativo)","\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0001-00.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0001-01.png\">\u003C\u002Fp>\u003Cp>LR management\u003Cbr>\u003C\u002Fp>\u003Cp>Relatório Gerencial FII RBR Desenvolvimento Residencial III\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0001-03.png\">\u003C\u002Fp>\u003Cp>\u003Cu>Dezembro 2025\u003C\u002Fu> \u003Cstrong>\u003Cu>| Relatório Anual 2025\u003C\u002Fu>\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0002-01.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Nota do Gestor\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Ao longo de 2025, o ambiente macroeconômico permaneceu desafiador para o setor imobiliário. A taxa Selic subiu 2,25 pontos percentuais no ano e encerrou o período em 15,00% a.a., o maior patamar em quase 20 anos.\u003C\u002Fp>\u003Cp>Como consequência, o custo do crédito seguiu elevado para incorporadores e compradores, pressionando a capacidade de pagamento e reduzindo a liquidez das vendas especialmente nos segmentos mais dependentes de financiamento.\u003C\u002Fp>\u003Cp>Nesse contexto, os projetos de médio padrão sentiram de forma mais intensa os efeitos do juro alto, enquanto os segmentos de altíssimo padrão e econômico vêm apresentando maior resiliência relativa, seja pela menor dependência de crédito, seja pela força estrutural da demanda por moradia.\u003C\u002Fp>\u003Cp>Outro tema relevante no ano foi o aumento do escrutínio regulatório sobre os empreendimentos com unidades enquadradas em HIS e HMP, especialmente após a instauração da CPI das Incorporadoras pela Câmara Municipal de São Paulo.\u003C\u002Fp>\u003Cp>A discussão se concentrou, sobretudo, no uso indevido de unidades incentivadas por investidores, que passaram a destiná-las à locação de curta duração em plataformas como Airbnb e Booking, em desacordo com a finalidade original da política habitacional.\u003C\u002Fp>\u003Cp>Como consequência, houve aumento da fiscalização, aplicação de multas e redução do apetite dos investidores para esse tipo de produto, impactando de forma mais sensível os compactos com tese comercial voltada a esse público.\u003C\u002Fp>\u003Cp>Diante desse cenário, seguimos atuando com disciplina na condução do portfólio, com acompanhamento próximo da performance comercial dos empreendimentos e atenção redobrada aos desdobramentos regulatórios.\u003C\u002Fp>\u003Cp>Nos projetos com unidades HIS e HMP, adotamos procedimento padronizado que contempla verificação formal de renda dos compradores por empresas terceirizadas, assinatura de documentos específicos conforme o enquadramento de renda e declaração expressa de ciência sobre as restrições aplicáveis ao produto, com responsabilização do adquirente quanto ao cumprimento das regras. Essa abordagem busca mitigar riscos, preservar segurança jurídica e garantir maior aderência dos projetos ao ambiente regulatório atual.\u003C\u002Fp>\u003Cp>Apesar dos desafios, o mercado imobiliário residencial de São Paulo seguiu apresentando fundamentos positivos em 2025. No ano, foram lançadas 139,7 mil unidades, crescimento de 34% em relação a 2024, enquanto as vendas totalizaram 113,0 mil unidades, alta de 9%, correspondendo a um VGV de R$ 58,8 bilhões, avanço de 3% no período. O principal destaque foi o segmento Minha Casa Minha Vida, que apresentou crescimento em todos os indicadores e reforçou a resiliência da demanda habitacional.\u003C\u002Fp>\u003Cp>Assim, mesmo em um ambiente macroeconômico mais restritivo, São Paulo segue sustentado por fundamentos sólidos, com demanda estrutural por moradia, crescimento populacional e déficit habitacional relevante.\u003C\u002Fp>\u003Cp>A seguir, apresentaremos informações atualizadas sobre os projetos do Fundo de Desenvolvimento Residencial III.\u003C\u002Fp>\u003Ch5>\u003Cstrong>Informações do Fundo\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cstrong>Data de Início Prazo de Duração Taxa Gestão Taxa de Administração Taxa Performance\u003C\u002Fstrong> Abr\u002F2019 8 anos 1,5% a.a. 0,2% a.a. 20% do que exceder IPCA + 6% a.a. \u003Cstrong>Administrador Capital Subscrito Capital Integralizado PL (dez\u002F25) CNPJ\u003C\u002Fstrong> BTG Pactual Serviços Financeiros S.A. DTVM R$169.478.000 R$139.665.000 R$67.910.754,48 32.441.656\u002F0001-36\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Uma imagem contendo Interface gráfica do usuárioDescrição gerada automaticamente\u003Cbr>\u003C\u002Fp>\u003Cp>Fonte: Globo; Secovi (Pesquisa Mercado Imobiliário de São Paulo – 2025)\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0003-01.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Nota do Gestor\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Considerando as vendas do início de 2026, os projetos Conceição, Alcatrazes, Vila Olímpia, Lapa e Maracatins estão 100% concluídos e vendidos .\u003C\u002Fp>\u003Cp>Além destes, os empreendimentos Pompeia, Eusébio Matoso, Place Klabin, Onze de Junho e Vila Romana também estão bem endereçados. As obras estão concluídas e há baixo volume de estoque. Todos estão +90% vendidos.\u003C\u002Fp>\u003Cp>Por fim, os projetos Tupinás e Ricardo Jafet estão com resultado abaixo do esperado. Nestes dois empreendimentos observamos uma forte concorrência de produtos, dificuldade das regiões em sustentar os preços desejados, além do cenário macroeconômico que reduz o apetite dos investidores imobiliários.\u003C\u002Fp>\u003Cp>No Tupinás, as obras da Fase I foram finalizadas no 1T25 e as obras da Fase II no 1T26 – com habite-se recém emitido. Atualmente, o empreendimento como um todo está 51% vendido, sendo 72% na Fase I e 27% na Fase II. A baixa velocidade de vendas preocupa, apesar disso , entre dezembro de 2025 e fevereiro de 2026 tivemos uma média de vendas de 10 unidades\u002Fmês – número que reflete algumas mudanças que estamos fazendo no âmbito comercial - como alteração e crescimento do time de vendas, aumento nas campanhas de marketing digital e promoções esporádicas. Nossa meta é manter esse pace de vendas para o ano de 2026 para mitigar os riscos de aportes futuros.\u003C\u002Fp>\u003Cp>Em relação ao Ricardo Jafet, o empreendimento foi lançado em ago\u002F24 e encontra-se 37% vendido, com uma média de 2 unidades comercializadas por mês. Dentre essas vendas, + 45% estão ocorrendo no modelo associativo , no qual o cliente adquire a unidade já vinculada a um financiamento com a Caixa Econômica Federal, que passa a liberar os recursos ao incorporador de forma gradual ao longo da obra. No início de 2026 atingimos o valor mínimo exigido pela Caixa para liberação do financiamento à produção e, a partir desse momento, a necessidade de aporte de capital no projeto é reduzida de forma drástica. Dito isso, nossa meta principal neste projeto é acelerar o ritmo de vendas e aumentar a participação do modelo Caixa – devemos atingir isso com ações promocionais em andamento e com o início das obras que ajuda a impulsionar as vendas.\u003C\u002Fp>\u003Cp>Por fim, até o encerramento de 2025, o fundo realizou distribuições que totalizam R$ 108,94 milhões. Seguiremos monitorando detalhadamente o fluxo de caixa dos projetos, com o objetivo de evitar novas chamadas de capital, apesar dos riscos já mencionados relacionados aos projetos Tupinás e Ricardo Jafet.\u003C\u002Fp>\u003Cp>Nos indicadores financeiros apresentados abaixo, observa-se que o fundo projeta uma TIR líquida ao investidor de 6,93% a.a., um múltiplo de 1,40x e um lucro estimado de R$ 55,45 milhões . Esses resultados são equivalentes a uma rentabilidade de 7,85% a.a., quando comparados a investimentos sujeitos à tributação.\u003C\u002Fp>\u003Ch5>\u003Cstrong>Informações do Fundo\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cstrong>Data de Início Prazo de Duração Taxa Gestão Taxa de Administração Taxa Performance\u003C\u002Fstrong> Abr\u002F2019 8 anos 1,5% a.a. 0,2% a.a. 20% do que exceder IPCA + 6% a.a. \u003Cstrong>Administrador Capital Subscrito Capital Integralizado PL (dez\u002F25) CNPJ\u003C\u002Fstrong> BTG Pactual Serviços Financeiros S.A. DTVM R$169.478.000 R$139.665.000 R$67.910.754,48 32.441.656\u002F0001-36\u003C\u002Fp>\u003Cp>Fonte: Globo; Secovi (Pesquisa Mercado Imobiliário de São Paulo – 2025)\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Uma imagem contendo Interface gráfica do usuárioDescrição gerada automaticamente\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0004-01.png\">\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Siga nossas redes sociais\u003C\u002Fp>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Números Relevantes do Fundo\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0004-10.png\">\u003C\u002Fp>\u003Cp>*Indicadores Financeiros líquidos no nível do investidor. Data-base: dezembro de 2025.\u003C\u002Fp>\u003Ch5>\u003Cstrong>Informações dos Projetos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Projeto\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Segmento\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>de Mercado\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Lançamento\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Entrega\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Esperada\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>VGV Potencial\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>Aprovado em Comitê\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>TIR\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Margem\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>MOIC\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Conceição\u003C\u002Ftd>\u003Ctd>Econômico\u003C\u002Ftd>\u003Ctd>2T19\u003C\u002Ftd>\u003Ctd>3T21\u003C\u002Ftd>\u003Ctd>43,0\u003C\u002Ftd>\u003Ctd>78,2%\u003C\u002Ftd>\u003Ctd>20,6%\u003C\u002Ftd>\u003Ctd>2,4x\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Pompeia\u003C\u002Ftd>\u003Ctd>Econômico\u003C\u002Ftd>\u003Ctd>3T21\u003C\u002Ftd>\u003Ctd>4T24\u003C\u002Ftd>\u003Ctd>89,8\u003C\u002Ftd>\u003Ctd>8,1%\u003C\u002Ftd>\u003Ctd>8,2%\u003C\u002Ftd>\u003Ctd>1,4x\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Maracatins\u003C\u002Ftd>\u003Ctd>Econômico\u003C\u002Ftd>\u003Ctd>4T20\u003C\u002Ftd>\u003Ctd>4T23\u003C\u002Ftd>\u003Ctd>69,8\u003C\u002Ftd>\u003Ctd>14,1%\u003C\u002Ftd>\u003Ctd>13,3%\u003C\u002Ftd>\u003Ctd>1,9x\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lapa\u003C\u002Ftd>\u003Ctd>Econômico\u003C\u002Ftd>\u003Ctd>4T20\u003C\u002Ftd>\u003Ctd>4T23\u003C\u002Ftd>\u003Ctd>77,9\u003C\u002Ftd>\u003Ctd>7,1%\u003C\u002Ftd>\u003Ctd>5,9%\u003C\u002Ftd>\u003Ctd>1,2x\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vila Mariana\u003C\u002Ftd>\u003Ctd>Médio Padrão\u003C\u002Ftd>\u003Ctd>4T21\u003C\u002Ftd>\u003Ctd>2T25\u003C\u002Ftd>\u003Ctd>148,2\u003C\u002Ftd>\u003Ctd>6,3%\u003C\u002Ftd>\u003Ctd>4,0%\u003C\u002Ftd>\u003Ctd>1,3x\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Eusébio Matoso\u003C\u002Ftd>\u003Ctd>Econômico\u003C\u002Ftd>\u003Ctd>3T21\u003C\u002Ftd>\u003Ctd>2T24\u003C\u002Ftd>\u003Ctd>57,8\u003C\u002Ftd>\u003Ctd>14,5%\u003C\u002Ftd>\u003Ctd>9,2%\u003C\u002Ftd>\u003Ctd>1,5x\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Tupinás\u003C\u002Ftd>\u003Ctd>Econômico\u003C\u002Ftd>\u003Ctd>4T21\u003C\u002Ftd>\u003Ctd>4T25\u003C\u002Ftd>\u003Ctd>202,9\u003C\u002Ftd>\u003Ctd>0,9%\u003C\u002Ftd>\u003Ctd>1,2%\u003C\u002Ftd>\u003Ctd>1,0x\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Klabin\u003C\u002Ftd>\u003Ctd>Médio Padrão\u003C\u002Ftd>\u003Ctd>3T21\u003C\u002Ftd>\u003Ctd>2T25\u003C\u002Ftd>\u003Ctd>213,1\u003C\u002Ftd>\u003Ctd>4,8%\u003C\u002Ftd>\u003Ctd>7,5%\u003C\u002Ftd>\u003Ctd>1,2x\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vila Romana\u003C\u002Ftd>\u003Ctd>Médio Padrão\u003C\u002Ftd>\u003Ctd>3T21\u003C\u002Ftd>\u003Ctd>4T24\u003C\u002Ftd>\u003Ctd>129,6\u003C\u002Ftd>\u003Ctd>12,5%\u003C\u002Ftd>\u003Ctd>10,5%\u003C\u002Ftd>\u003Ctd>1,6x\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vila Olímpia\u003C\u002Ftd>\u003Ctd>Econômico\u003C\u002Ftd>\u003Ctd>4T20\u003C\u002Ftd>\u003Ctd>4T23\u003C\u002Ftd>\u003Ctd>143,0\u003C\u002Ftd>\u003Ctd>1220,5%\u003C\u002Ftd>\u003Ctd>30,2%\u003C\u002Ftd>\u003Ctd>10,1x\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Alcatrazes\u003C\u002Ftd>\u003Ctd>Médio Padrão\u003C\u002Ftd>\u003Ctd>2T21\u003C\u002Ftd>\u003Ctd>4T24\u003C\u002Ftd>\u003Ctd>170,1\u003C\u002Ftd>\u003Ctd>30,0%\u003C\u002Ftd>\u003Ctd>20,7%\u003C\u002Ftd>\u003Ctd>2,2x\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ricardo Jafet\u003C\u002Ftd>\u003Ctd>Econômico\u003C\u002Ftd>\u003Ctd>3T24\u003C\u002Ftd>\u003Ctd>1T28\u003C\u002Ftd>\u003Ctd>98,2\u003C\u002Ftd>\u003Ctd>4,5%\u003C\u002Ftd>\u003Ctd>6,1%\u003C\u002Ftd>\u003Ctd>1,3x\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>*Resultados de margem, TIR e MOIC referentes ao retorno estimado no nível do projeto\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Uma imagem contendo Interface gráfica do usuárioDescrição gerada automaticamente\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0005-02.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Projeto\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>% Fundo\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Exposição de Caixa Aprovada\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Recursos Alocados\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Conceição\u003C\u002Ftd>\u003Ctd>50,00%\u003C\u002Ftd>\u003Ctd>6,5\u003C\u002Ftd>\u003Ctd>\u003Cstrong>3,6\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Pompéia\u003C\u002Ftd>\u003Ctd>85,00%\u003C\u002Ftd>\u003Ctd>18,6\u003C\u002Ftd>\u003Ctd>\u003Cstrong>18,6\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>7,2\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Maracatins\u003C\u002Ftd>\u003Ctd>50,00%\u003C\u002Ftd>\u003Ctd>9,7\u003C\u002Ftd>\u003Ctd>\u003Cstrong>9,7\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,3\u003C\u002Fstrong>\u003Cbr>Recurso Alocado\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lapa\u003C\u002Ftd>\u003Ctd>70,00%\u003C\u002Ftd>\u003Ctd>9,5\u003C\u002Ftd>\u003Ctd>\u003Cstrong>9,5\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>7,4\u003C\u002Fstrong>\u003Cbr>Recurso Alocado\u003Cbr>Acima da Exposição\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vila Mariana\u003C\u002Ftd>\u003Ctd>70,00%\u003C\u002Ftd>\u003Ctd>22,9\u003C\u002Ftd>\u003Ctd>\u003Cstrong>14,7\u003C\u002Fstrong>\u003Cbr>Aprovada\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Eusébio Matoso\u003C\u002Ftd>\u003Ctd>60,00%\u003C\u002Ftd>\u003Ctd>9,4\u003C\u002Ftd>\u003Ctd>\u003Cstrong>9,2\u003C\u002Fstrong>\u003Cbr>Expectativa de\u003Cbr>Alocação Futura\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Tupinás\u003C\u002Ftd>\u003Ctd>35,00%\u003C\u002Ftd>\u003Ctd>10,0\u003C\u002Ftd>\u003Ctd>\u003Cstrong>10,0\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>14,4\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Klabin\u003C\u002Ftd>\u003Ctd>32,00%\u003C\u002Ftd>\u003Ctd>16,1\u003C\u002Ftd>\u003Ctd>\u003Cstrong>16,1\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>4,6\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vila Romana\u003C\u002Ftd>\u003Ctd>53,25%\u003C\u002Ftd>\u003Ctd>12,0\u003C\u002Ftd>\u003Ctd>\u003Cstrong>12,0\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>3,5\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vila Olímpia\u003C\u002Ftd>\u003Ctd>40,00%\u003C\u002Ftd>\u003Ctd>3,4\u003C\u002Ftd>\u003Ctd>\u003Cstrong>3,4\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Alcatrazes\u003C\u002Ftd>\u003Ctd>50,00%\u003C\u002Ftd>\u003Ctd>22,3\u003C\u002Ftd>\u003Ctd>\u003Cstrong>19,6\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Ricardo Jafet\u003C\u002Ftd>\u003Ctd>32,00%\u003C\u002Ftd>\u003Ctd>7,5\u003C\u002Ftd>\u003Ctd>\u003Cstrong>7,1\u003C\u002Fstrong>\u003Cbr>\u003Cstrong>0,9\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Total\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>148\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cul>\u003Cli>Previsão de recurso à ser aportado para contingência. Dessa forma, esses valores podem não ser necessários.\u003C\u002Fli>\u003C\u002Ful>\u003Ch5>\u003Cstrong>Total Distribuído em Relação ao Total Previsto (R$ MM)\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0005-12.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0005-13.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Fluxo de caixa projetado do fundo (R$ MM)\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0005-16.png\">\u003C\u002Fp>\u003Ch5>\u003Cstrong>Fluxo de caixa projetado do fundo para cada 1mm subscrito (R$ milhares)\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0005-18.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Uma imagem contendo Interface gráfica do usuárioDescrição gerada automaticamente\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0006-02.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fp>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0006-09.png\">\u003C\u002Fp>\u003Cp>Clique nos projetos no mapa para ser direcionado ao endereço. O mapa com todos os ativos pode ser acessado por meio desse link.\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003C\u002Fth>\u003Cth>\u003Cstrong>Projeto\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>Região\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003Cth>\u003Cstrong>Logradouro\u003C\u002Fstrong>\u003Cbr>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>01\u003C\u002Ftd>\u003Ctd>Conceição\u003C\u002Ftd>\u003Ctd>Vila Guarani\u003C\u002Ftd>\u003Ctd>Av. Dr. Hugo Beolchi, 640\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>02\u003C\u002Ftd>\u003Ctd>Pompeia\u003C\u002Ftd>\u003Ctd>Pompeia\u003C\u002Ftd>\u003Ctd>Av. Pompeia, 691\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>03\u003C\u002Ftd>\u003Ctd>Maracatins\u003C\u002Ftd>\u003Ctd>Indianópolis\u003C\u002Ftd>\u003Ctd>Alameda dos Maracatins, 292\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>04\u003C\u002Ftd>\u003Ctd>Lapa\u003C\u002Ftd>\u003Ctd>Lapa de Baixo\u003C\u002Ftd>\u003Ctd>Av. José Maria de Faria, 294\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>05\u003C\u002Ftd>\u003Ctd>Vila Mariana\u003C\u002Ftd>\u003Ctd>Vila Clementino\u003C\u002Ftd>\u003Ctd>Avenida 11 de Junho, 222\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>06\u003C\u002Ftd>\u003Ctd>Eusébio Matoso\u003C\u002Ftd>\u003Ctd>Pinheiros\u003C\u002Ftd>\u003Ctd>Rua Eusébio Matoso, 680\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>07\u003C\u002Ftd>\u003Ctd>Tupinás\u003C\u002Ftd>\u003Ctd>Planalto Paulista\u003C\u002Ftd>\u003Ctd>Alameda dos Tupinás, 94\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>08\u003C\u002Ftd>\u003Ctd>Klabin\u003C\u002Ftd>\u003Ctd>Jardim Aurélia\u003C\u002Ftd>\u003Ctd>Rua José Abolafio, 77\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>09\u003C\u002Ftd>\u003Ctd>Vila Romana\u003C\u002Ftd>\u003Ctd>Água Branca\u003C\u002Ftd>\u003Ctd>Praça Cornélia, 48\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>10\u003C\u002Ftd>\u003Ctd>Vila Olímpia\u003C\u002Ftd>\u003Ctd>Vila Olímpia\u003C\u002Ftd>\u003Ctd>Alameda Raja Gabaglia, 289\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>11\u003C\u002Ftd>\u003Ctd>Alcatrazes\u003C\u002Ftd>\u003Ctd>Vila da Saúde\u003C\u002Ftd>\u003Ctd>Rua dos Alcatrazes, 94\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>12\u003C\u002Ftd>\u003Ctd>RicardoJafet\u003C\u002Ftd>\u003Ctd>Vila Mariana\u003C\u002Ftd>\u003Ctd>Avenida RicardoJafet, 2512\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Cronograma de lançamento\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0006-13.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Uma imagem contendo Interface gráfica do usuárioDescrição gerada automaticamente\u003Cbr>CS) e\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0007-02.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fp>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch5>\u003Cstrong>Total de Lançamentos (VGV R$ MM)\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0007-09.png\">\u003C\u002Fp>\u003Cp>*Os valores apresentados acima correspondem ao VGV potencial aprovado em comitê, e não faz referência à tabela de vendas praticada nos empreendimentos já lançados (correção de INCC do período + gordura).\u003C\u002Fp>\u003Ch5>\u003Cstrong>Status dos projetos no fundo (% N° projetos)\u003C\u002Fstrong>\u003C\u002Fh5>\u003Ch5>\u003Cstrong>Projetos por segmento de mercado (%VGV)\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>*Casa Verde e Amarela | Minha Casa Minha Vida\u003C\u002Fp>\u003Ch5>\u003Cstrong>Avanço de Vendas e Obras dos Projetos Lançados\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>% Vendido % Avanço Obra\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0007-16.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Uma imagem contendo Interface gráfica do usuárioDescrição gerada automaticamente\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0008-00.png\">\u003C\u002Fp>\u003Cp>IRER\u002F\u003Cbr>\u003C\u002Fp>\u003Cp>rbrasset.com.br Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch2>Portfólio\u003C\u002Fh2>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0008-03.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Uma imagem contendo Interface gráfica do usuárioDescrição gerada automaticamente\u003Cbr>\u003C\u002Fp>\u003Cblockquote>\u003Cp>Siga nossas redes sociais \u003Cu>200\u003C\u002Fu>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0009-02.png\">\u003C\u002Fp>\u003Cp>ALRBR\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Portfolio de Projetos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch4>\u003Cstrong>Conceição\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cstrong>Informações do Projeto\u003C\u002Fstrong> Segmento de mercado MCMV (Minha Casa Minha Vida)\u003C\u002Fp>\u003Ch5>\u003Cstrong>Status Atual – Entregue\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cul>\u003Cli>\u003Cp>➢ Apartamentos de 26 a 35m²;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ 100% das unidades vendidas e repassadas;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Obras finalizadas, dentro do prazo e custo.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ch5>\u003Cstrong>Acompanhamento Indicadores\u003C\u002Fstrong>\u003C\u002Fh5>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Resultados\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003Cstrong>Atual\u003C\u002Fstrong>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>TIR\u003C\u002Ftd>\u003Ctd>78,25%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Margem\u003C\u002Ftd>\u003Ctd>20,59%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MOIC\u003C\u002Ftd>\u003Ctd>2,40x\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Acompanhamento de Vendas - 100%\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0009-16.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0009-17.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0009-18.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0009-19.png\">\u003C\u002Fp>\u003Cul>\u003Cli>Preços de venda sem comissão\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Uma imagem contendo Interface gráfica do usuárioDescrição gerada automaticamente\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0010-02.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Portfolio de Projetos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch4>\u003Cstrong>Pompeia\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cstrong>Informações do Projeto\u003C\u002Fstrong> Segmento de mercado MCMV (Minha Casa Minha Vida)\u003C\u002Fp>\u003Ch5>\u003Cstrong>Status Atual – Entregue\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cul>\u003Cli>\u003Cp>➢ Apartamentos de 24 a 39m²;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Projeto lançado em Julho de 2021 com +95% das unidades vendidas;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Obras finalizadas.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Acompanhamento Geral\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Premissas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lançamento\u003C\u002Ftd>\u003Ctd>set-20\u003C\u002Ftd>\u003Ctd>jul-21\u003C\u002Ftd>\u003Ctd>jul-21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Início de Obra\u003C\u002Ftd>\u003Ctd>fev-21\u003C\u002Ftd>\u003Ctd>mar-22\u003C\u002Ftd>\u003Ctd>jun-22\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Privativa Líq. Permuta (m²)\u003C\u002Ftd>\u003Ctd>9.647\u003C\u002Ftd>\u003Ctd>9.857\u003C\u002Ftd>\u003Ctd>9.345\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Custo de Obra (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>5.229\u002Fm²\u003C\u002Ftd>\u003Ctd>5.520\u002Fm²\u003C\u002Ftd>\u003Ctd>5.620\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Precificação do Estoque (sem comissão)\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ nominal)\u003C\u002Ftd>\u003Ctd>8.839\u002Fm²\u003C\u002Ftd>\u003Ctd>9.507\u002Fm²\u003C\u002Ftd>\u003Ctd>11.748\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>14.005\u002Fm²\u003C\u002Ftd>\u003Ctd>13.120\u002Fm²\u003C\u002Ftd>\u003Ctd>11.748\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vendas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas Totais\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>97%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Resultados\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TIR\u003C\u002Ftd>\u003Ctd>35,82%\u003C\u002Ftd>\u003Ctd>20,40%\u003C\u002Ftd>\u003Ctd>8,12%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Margem\u003C\u002Ftd>\u003Ctd>20,93%\u003C\u002Ftd>\u003Ctd>18,50%\u003C\u002Ftd>\u003Ctd>8,17%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MOIC\u003C\u002Ftd>\u003Ctd>1,86x\u003C\u002Ftd>\u003Ctd>1,84x\u003C\u002Ftd>\u003Ctd>1,37x\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Acompanhamento de Vendas - 97%\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0010-18.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0010-19.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Acompanhamento de Obra - 100%\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0010-26.png\">\u003C\u002Fp>\u003Cp>100\u003Cbr>90\u003Cbr>80\u003Cbr>70\u003Cbr>60\u003Cbr>50\u003Cbr>40\u003Cbr>30\u003Cbr>20\u003Cbr>10\u003Cbr>0%\u003Cbr>0 2 4 6 8 10 12 14 16 18 20 22 24 26 28\u003Cbr>Curva Contrato Acumulada Curva Real Acumulada\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0010-27.png\">\u003C\u002Fp>\u003Cblockquote>\u003Cp>Siga nossas redes sociais \u003Cu>200\u003C\u002Fu>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0011-02.png\">\u003C\u002Fp>\u003Cp>JLRER'asset management\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Portfolio de Projetos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch4>\u003Cstrong>Maracatins\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cstrong>Informações do Projeto\u003C\u002Fstrong> Segmento de mercado HMP\u003C\u002Fp>\u003Ch5>\u003Cstrong>Status Atual – Entregue\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cul>\u003Cli>\u003Cp>➢ Apartamentos de 27 a 41m²;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Projeto lançado em Dezembro de 2020 com 100% das unidades vendidas;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Obras finalizadas;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Financiamento quitado.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Acompanhamento Geral\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Premissas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lançamento\u003C\u002Ftd>\u003Ctd>nov-20\u003C\u002Ftd>\u003Ctd>dez-20\u003C\u002Ftd>\u003Ctd>dez-20\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Início de Obra\u003C\u002Ftd>\u003Ctd>mai-21\u003C\u002Ftd>\u003Ctd>jun-21\u003C\u002Ftd>\u003Ctd>ago-21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Privativa Líq. Permuta (m²)\u003C\u002Ftd>\u003Ctd>5.426\u003C\u002Ftd>\u003Ctd>5.396\u003C\u002Ftd>\u003Ctd>6.326\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Custo de Obra (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>6.739\u002Fm²\u003C\u002Ftd>\u003Ctd>6.816\u002Fm²\u003C\u002Ftd>\u003Ctd>5.399\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Precificação do Estoque (sem comissão)\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ nominal)\u003C\u002Ftd>\u003Ctd>12.445\u002Fm²\u003C\u002Ftd>\u003Ctd>12.350\u002Fm²\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>20.333\u002Fm²\u003C\u002Ftd>\u003Ctd>18.264\u002Fm²\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vendas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas Totais\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Resultados\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TIR\u003C\u002Ftd>\u003Ctd>21,61%\u003C\u002Ftd>\u003Ctd>19,49%\u003C\u002Ftd>\u003Ctd>14,08%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Margem\u003C\u002Ftd>\u003Ctd>23,78%\u003C\u002Ftd>\u003Ctd>18,07%\u003C\u002Ftd>\u003Ctd>13,31%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MOIC\u003C\u002Ftd>\u003Ctd>1,86x\u003C\u002Ftd>\u003Ctd>1,71x\u003C\u002Ftd>\u003Ctd>1,91x\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Acompanhamento de Vendas - 100%\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0011-16.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0011-17.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Acompanhamento de Obra - 100%\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0011-24.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0011-25.png\">\u003C\u002Fp>\u003Cp>%\u003Cbr>e\u003Cbr>\u003C\u002Fp>\u003Cblockquote>\u003Cp>Siga nossas redes sociais \u003Cu>000\u003C\u002Fu>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0012-02.png\">\u003C\u002Fp>\u003Cp>ILRER]\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Portfolio de Projetos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch4>\u003Cstrong>Lapa\u003C\u002Fstrong>\u003C\u002Fh4>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Informações do Projeto\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Segmento de mercado\u003C\u002Ftd>\u003Ctd>MCMV (Minha Casa Minha Vida)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Status Atual – Entregue\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cul>\u003Cli>\u003Cp>➢ Apartamentos de 34 e 37m²;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Projeto lançado em Outubro de 2020 com 100% das unidades vendidas (considerando as vendas de 2026);\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Obras finalizadas;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Financiamento quitado.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Acompanhamento Geral\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Premissas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lançamento\u003C\u002Ftd>\u003Ctd>abr-20\u003C\u002Ftd>\u003Ctd>out-20\u003C\u002Ftd>\u003Ctd>out-20\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Início de Obra\u003C\u002Ftd>\u003Ctd>out-20\u003C\u002Ftd>\u003Ctd>out-21\u003C\u002Ftd>\u003Ctd>jan-22\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Privativa Líq. Permuta (m²)\u003C\u002Ftd>\u003Ctd>12.558\u003C\u002Ftd>\u003Ctd>12.833\u003C\u002Ftd>\u003Ctd>12.833\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Custo de Obra (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>4.379\u002Fm²\u003C\u002Ftd>\u003Ctd>4.468\u002Fm²\u003C\u002Ftd>\u003Ctd>4.037\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Precificação do Estoque (sem comissão)\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ nominal)\u003C\u002Ftd>\u003Ctd>5.783\u002Fm²\u003C\u002Ftd>\u003Ctd>5.892\u002Fm²\u003C\u002Ftd>\u003Ctd>7.125\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>9.380\u002Fm²\u003C\u002Ftd>\u003Ctd>9.138\u002Fm²\u003C\u002Ftd>\u003Ctd>7.125\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vendas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas Totais\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>99%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Resultados\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TIR\u003C\u002Ftd>\u003Ctd>34,80%\u003C\u002Ftd>\u003Ctd>43,07%\u003C\u002Ftd>\u003Ctd>7,06%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Margem\u003C\u002Ftd>\u003Ctd>16,34%\u003C\u002Ftd>\u003Ctd>14,11%\u003C\u002Ftd>\u003Ctd>5,86%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MOIC\u003C\u002Ftd>\u003Ctd>1,92x\u003C\u002Ftd>\u003Ctd>2,21x\u003C\u002Ftd>\u003Ctd>1,22x\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Acompanhamento de Vendas - 99%\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0012-15.png\">\u003C\u002Fp>\u003Ch5>\u003Cstrong>Acompanhamento de Obra - 100%\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0012-17.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0012-18.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0012-24.png\">\u003C\u002Fp>\u003Cp>“ESA, é im RE Er\u003Cbr>EM uia E\u003Cbr>A! sp q\u003Cbr>\u003C\u002Fp>\u003Cblockquote>\u003Cp>Siga nossas redes sociais \u003Cu>900\u003C\u002Fu>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0013-03.png\">\u003C\u002Fp>\u003Cp>JL RBR|\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Portfolio de Projetos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch4>\u003Cstrong>Vila Mariana\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cstrong>Informações do Projeto\u003C\u002Fstrong> Segmento de mercado Médio Padrão\u003C\u002Fp>\u003Ch5>\u003Cstrong>Status Atual – Obra\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cul>\u003Cli>\u003Cp>➢ Apartamentos de 34, 66 e 115m²;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Projeto lançado em Novembro de 2021 com +95% das unidades vendidas;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Estoque composto por 4 lojas (em fechamento comercial para venda);\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Obras finalizadas;\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Acompanhamento Geral\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Premissas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lançamento\u003C\u002Ftd>\u003Ctd>fev-21\u003C\u002Ftd>\u003Ctd>dez-21\u003C\u002Ftd>\u003Ctd>nov-21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Início de Obra\u003C\u002Ftd>\u003Ctd>set-21\u003C\u002Ftd>\u003Ctd>jun-22\u003C\u002Ftd>\u003Ctd>set-22\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Privativa Líq. Permuta (m²)\u003C\u002Ftd>\u003Ctd>11.276\u003C\u002Ftd>\u003Ctd>11.098\u003C\u002Ftd>\u003Ctd>10.875\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Custo de Obra (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>6.915\u002Fm²\u003C\u002Ftd>\u003Ctd>6.518\u002Fm²\u003C\u002Ftd>\u003Ctd>6.351\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Precificação do Estoque (sem comissão)\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ nominal)\u003C\u002Ftd>\u003Ctd>11.141\u002Fm²\u003C\u002Ftd>\u003Ctd>13.235\u002Fm²\u003C\u002Ftd>\u003Ctd>7.338\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>18.071\u002Fm²\u003C\u002Ftd>\u003Ctd>17.263\u002Fm²\u003C\u002Ftd>\u003Ctd>7.338\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vendas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas Totais\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>96%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Resultados\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TIR\u003C\u002Ftd>\u003Ctd>23,42%\u003C\u002Ftd>\u003Ctd>29,25%\u003C\u002Ftd>\u003Ctd>6,33%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Margem\u003C\u002Ftd>\u003Ctd>18,66%\u003C\u002Ftd>\u003Ctd>19,77%\u003C\u002Ftd>\u003Ctd>4,02%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MOIC\u003C\u002Ftd>\u003Ctd>1,75x\u003C\u002Ftd>\u003Ctd>1,81x\u003C\u002Ftd>\u003Ctd>1,29x\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0013-16.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0013-17.png\">\u003C\u002Fp>\u003Cp>~~=~~ Vendas Comitê Acumulada ~~=~~ Vendas Atual Acumulada ~~=~~ Curva Contrato Acumulada ~~=~~ Curva Real Acumulada\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0013-19.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0013-25.png\">\u003C\u002Fp>\u003Cp>Re DAN ; TE\u003Cbr>\u002F EeARES fx ss Ê\u003Cbr>\u003C\u002Fp>\u003Cblockquote>\u003Cp>Siga nossas redes sociais \u003Cu>200\u003C\u002Fu>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0014-03.png\">\u003C\u002Fp>\u003Cp>JLRBR\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Portfolio de Projetos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch4>\u003Cstrong>Eusébio Matoso\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cstrong>Informações do Projeto\u003C\u002Fstrong> Segmento de mercado MCMV (Minha Casa Minha Vida)\u003C\u002Fp>\u003Ch5>\u003Cstrong>Status Atual – Entregue\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cul>\u003Cli>\u003Cp>➢ Apartamentos de 24 a 40m²;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Projeto lançado em Julho de 2021 com +97% das unidades vendidas;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Estoque composto por 6 salas comerciais\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Obras finalizadas.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Acompanhamento Geral\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Premissas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lançamento\u003C\u002Ftd>\u003Ctd>mar-21\u003C\u002Ftd>\u003Ctd>jul-21\u003C\u002Ftd>\u003Ctd>jul-21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Início de Obra\u003C\u002Ftd>\u003Ctd>set-21\u003C\u002Ftd>\u003Ctd>mar-22\u003C\u002Ftd>\u003Ctd>dez-21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Privativa Líq. Permuta (m²)\u003C\u002Ftd>\u003Ctd>6.217\u003C\u002Ftd>\u003Ctd>5.920\u003C\u002Ftd>\u003Ctd>5.858\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Custo de Obra (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>5.275\u002Fm²\u003C\u002Ftd>\u003Ctd>5.520\u002Fm²\u003C\u002Ftd>\u003Ctd>5.816\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Precificação do Estoque (sem comissão)\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ nominal)\u003C\u002Ftd>\u003Ctd>9.211\u002Fm²\u003C\u002Ftd>\u003Ctd>11.438\u002Fm²\u003C\u002Ftd>\u003Ctd>6.080\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>14.724\u002Fm²\u003C\u002Ftd>\u003Ctd>15.783\u002Fm²\u003C\u002Ftd>\u003Ctd>6.080\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vendas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas Totais\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>98%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Resultados\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TIR\u003C\u002Ftd>\u003Ctd>23,04%\u003C\u002Ftd>\u003Ctd>24,80%\u003C\u002Ftd>\u003Ctd>14,52%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Margem\u003C\u002Ftd>\u003Ctd>19,86%\u003C\u002Ftd>\u003Ctd>23,40%\u003C\u002Ftd>\u003Ctd>9,17%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MOIC\u003C\u002Ftd>\u003Ctd>1,77x\u003C\u002Ftd>\u003Ctd>2,1x\u003C\u002Ftd>\u003Ctd>1,46x\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0014-16.png\">\u003C\u002Fp>\u003Cul>\u003Cli>\u003Cp>~~==~~ Vendas Comitê Acumulada ~~=~~ Vendas Atual Acumulada Curva Contrato Acumulada\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>~~==~~ Vendas Atual Acumulada ~~=~~ Curva Contrato Acumulada ~~=~~ Curva Real Acumulada\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0014-20.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0014-25.png\">\u003C\u002Fp>\u003Cp>o 2\u003Cbr>\u003C\u002Fp>\u003Cblockquote>\u003Cp>Siga nossas redes sociais \u003Cu>200\u003C\u002Fu>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0015-03.png\">\u003C\u002Fp>\u003Cp>JLRBR\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Portfolio de Projetos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch4>\u003Cstrong>Tupinás\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cstrong>Informações do Projeto\u003C\u002Fstrong> Segmento de mercado MCMV (Minha Casa Minha Vida) + HMP\u003C\u002Fp>\u003Ch5>\u003Cstrong>Status Atual – Obra\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cul>\u003Cli>\u003Cp>➢ Apartamentos de 20 a 50m²;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ 1ª Fase do Projeto lançada em Out\u002F21 com +72% das unidades vendidas;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ 2ª Fase do Projeto lançada em Set\u002F23 com +27% das unidades vendidas;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ 51% vendido do total de unidades (fase 1 e 2);\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Obras 100% finalizadas;\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Acompanhamento Geral\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Premissas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lançamento Fase 1\u003C\u002Ftd>\u003Ctd>mai-21\u003C\u002Ftd>\u003Ctd>out-21\u003C\u002Ftd>\u003Ctd>out-21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Início de Obra Fase 1\u003C\u002Ftd>\u003Ctd>nov-21\u003C\u002Ftd>\u003Ctd>out-22\u003C\u002Ftd>\u003Ctd>nov-22\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lançamento Fase 2\u003C\u002Ftd>\u003Ctd>nov-22\u003C\u002Ftd>\u003Ctd>abr-22\u003C\u002Ftd>\u003Ctd>set-23\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Início de Obra Fase 2\u003C\u002Ftd>\u003Ctd>mai-23\u003C\u002Ftd>\u003Ctd>abr-23\u003C\u002Ftd>\u003Ctd>out-23\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Privativa Líq. Permuta (m²)\u003C\u002Ftd>\u003Ctd>24.409\u003C\u002Ftd>\u003Ctd>25.083\u003C\u002Ftd>\u003Ctd>25.083\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Custo de Obra(R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>4.627\u002Fm²\u003C\u002Ftd>\u003Ctd>5.633\u002Fm²\u003C\u002Ftd>\u003Ctd>4.689\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Precificação do Estoque(sem comissão)\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ nominal)\u003C\u002Ftd>\u003Ctd>6.650\u002Fm²\u003C\u002Ftd>\u003Ctd>8.932\u002Fm²\u003C\u002Ftd>\u003Ctd>9.135\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque(R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>10.313\u002Fm²\u003C\u002Ftd>\u003Ctd>11.650\u002Fm²\u003C\u002Ftd>\u003Ctd>9.135\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vendas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas Totais\u003C\u002Ftd>\u003Ctd>85%\u003C\u002Ftd>\u003Ctd>94%\u003C\u002Ftd>\u003Ctd>51%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Resultados\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TIR\u003C\u002Ftd>\u003Ctd>26,72%\u003C\u002Ftd>\u003Ctd>22,61%\u003C\u002Ftd>\u003Ctd>0,93%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Margem\u003C\u002Ftd>\u003Ctd>18,52%\u003C\u002Ftd>\u003Ctd>17,08%\u003C\u002Ftd>\u003Ctd>1,22%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MOIC\u003C\u002Ftd>\u003Ctd>2,11x\u003C\u002Ftd>\u003Ctd>1,81x\u003C\u002Ftd>\u003Ctd>1,04x\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0015-17.png\">\u003C\u002Fp>\u003Cp>~~=~~ Vendas Comitê Acumulada ~~=~~ Vendas Atual Acumulada ~~=~~ Curva Contrato Acumulada ~~=~~ Curva Real Acumulada\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0015-19.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0015-25.png\">\u003C\u002Fp>\u003Cp>E a rem:\u003Cbr>\u003C\u002Fp>\u003Cblockquote>\u003Cp>Siga nossas redes sociais \u003Cu>200\u003C\u002Fu>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0016-02.png\">\u003C\u002Fp>\u003Cp>JLRBR\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Portfolio de Projetos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch4>\u003Cstrong>Klabin\u003C\u002Fstrong>\u003C\u002Fh4>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Informações do Projeto\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Segmento de mercado\u003C\u002Ftd>\u003Ctd>Médio Padrão\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Status Atual – Obra\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cul>\u003Cli>\u003Cp>➢ Apartamentos de 22, 118 a 136m²;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Projeto lançado em Julho de 2021 com +90% de unidades vendidas (considerando as vendas de 2026);\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Obra 100% finalizada\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Acompanhamento Geral\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Premissas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lançamento\u003C\u002Ftd>\u003Ctd>jun-20\u003C\u002Ftd>\u003Ctd>jun-21\u003C\u002Ftd>\u003Ctd>jul-21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Início de Obra\u003C\u002Ftd>\u003Ctd>mar-21\u003C\u002Ftd>\u003Ctd>dez-21\u003C\u002Ftd>\u003Ctd>out-22\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Privativa Líq. Permuta (m²)\u003C\u002Ftd>\u003Ctd>18.685\u003C\u002Ftd>\u003Ctd>18.200\u003C\u002Ftd>\u003Ctd>18.023\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Custo de Obra (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>5.595\u002Fm²\u003C\u002Ftd>\u003Ctd>5.725\u002Fm²\u003C\u002Ftd>\u003Ctd>5.524\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Precificação do Estoque (sem comissão)\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ nominal)\u003C\u002Ftd>\u003Ctd>10.270\u002Fm²\u003C\u002Ftd>\u003Ctd>11.359\u002Fm²\u003C\u002Ftd>\u003Ctd>10.234\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>16.418\u002Fm²\u003C\u002Ftd>\u003Ctd>16.023\u002Fm²\u003C\u002Ftd>\u003Ctd>10.234\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vendas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas Totais\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>89%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Resultados\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TIR\u003C\u002Ftd>\u003Ctd>24,17%\u003C\u002Ftd>\u003Ctd>21,71%\u003C\u002Ftd>\u003Ctd>4,82%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Margem\u003C\u002Ftd>\u003Ctd>23,31%\u003C\u002Ftd>\u003Ctd>24,59%\u003C\u002Ftd>\u003Ctd>7,49%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MOIC\u003C\u002Ftd>\u003Ctd>1,99x\u003C\u002Ftd>\u003Ctd>2,09x\u003C\u002Ftd>\u003Ctd>1,24x\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Acompanhamento de Vendas - 89%\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0016-15.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0016-16.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0016-22.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0016-23.png\">\u003C\u002Fp>\u003Cp>o 28\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0017-02.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Portfolio de Projetos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch4>\u003Cstrong>Vila Romana\u003C\u002Fstrong>\u003C\u002Fh4>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Informações do Projeto\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Segmento de mercado\u003C\u002Ftd>\u003Ctd>Médio Padrão\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Status Atual – Entregue\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cul>\u003Cli>\u003Cp>➢ Apartamentos de 21, 61, 88 e 104m²;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Projeto lançado em Agosto de 2021 com +90% das unidades vendidas (considerando as vendas de 2026);\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Obras finalizadas.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Acompanhamento Geral\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Premissas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lançamento\u003C\u002Ftd>\u003Ctd>out-20\u003C\u002Ftd>\u003Ctd>ago-21\u003C\u002Ftd>\u003Ctd>ago-21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Início de Obra\u003C\u002Ftd>\u003Ctd>jun-21\u003C\u002Ftd>\u003Ctd>mar-22\u003C\u002Ftd>\u003Ctd>mai-22\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Privativa Líq. Permuta (m²)\u003C\u002Ftd>\u003Ctd>10.959\u003C\u002Ftd>\u003Ctd>11.786\u003C\u002Ftd>\u003Ctd>11.708\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Custo de Obra (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>5.839\u002Fm²\u003C\u002Ftd>\u003Ctd>7.005\u002Fm²\u003C\u002Ftd>\u003Ctd>6.217\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Precificação do Estoque (sem comissão)\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ nominal)\u003C\u002Ftd>\u003Ctd>9.332\u002Fm²\u003C\u002Ftd>\u003Ctd>11.265\u002Fm²\u003C\u002Ftd>\u003Ctd>9.644\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>15.136\u002Fm²\u003C\u002Ftd>\u003Ctd>14.886\u002Fm²\u003C\u002Ftd>\u003Ctd>9.644\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vendas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas Totais\u003C\u002Ftd>\u003Ctd>92%\u003C\u002Ftd>\u003Ctd>92%\u003C\u002Ftd>\u003Ctd>89%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Resultados\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TIR\u003C\u002Ftd>\u003Ctd>24,77%\u003C\u002Ftd>\u003Ctd>22,78%\u003C\u002Ftd>\u003Ctd>12,48%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Margem\u003C\u002Ftd>\u003Ctd>21,70%\u003C\u002Ftd>\u003Ctd>16,59%\u003C\u002Ftd>\u003Ctd>10,51%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MOIC\u003C\u002Ftd>\u003Ctd>2,04x\u003C\u002Ftd>\u003Ctd>1,86x\u003C\u002Ftd>\u003Ctd>1,63x\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0017-17.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0017-18.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0017-24.png\">\u003C\u002Fp>\u003Cp>Acompanhamento de Obra - 100%\u003Cbr>100%\u003Cbr>80%\u003Cbr>60%\u003Cbr>40%\u003Cbr>20%\u003Cbr>0%\u003Cbr>0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30\u003Cbr>Curva Contrato Acumulada Curva Real Acumulada\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0017-25.png\">\u003C\u002Fp>\u003Cp>Siga nossas redes sociais ~~200~~\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0018-02.png\">\u003C\u002Fp>\u003Cp>JL RBR.\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Portfolio de Projetos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch4>\u003Cstrong>Vila Olímpia\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cstrong>Informações do Projeto\u003C\u002Fstrong> Segmento de mercado MCMV (Minha Casa Minha Vida)\u003C\u002Fp>\u003Ch5>\u003Cstrong>Status Atual – Entregue\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cul>\u003Cli>\u003Cp>➢ Apartamentos de 24 a 42m²;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Projeto lançado em Novembro de 2020 com 100% das unidades vendidas;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Obras finalizadas.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Acompanhamento Geral\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Premissas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lançamento\u003C\u002Ftd>\u003Ctd>set-20\u003C\u002Ftd>\u003Ctd>nov-20\u003C\u002Ftd>\u003Ctd>nov-20\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Início de Obra\u003C\u002Ftd>\u003Ctd>mar-21\u003C\u002Ftd>\u003Ctd>mai-21\u003C\u002Ftd>\u003Ctd>jun-21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Privativa Líq. Permuta (m²)\u003C\u002Ftd>\u003Ctd>12.269\u003C\u002Ftd>\u003Ctd>12.225\u003C\u002Ftd>\u003Ctd>12.225\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Custo de Obra (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>5.448\u002Fm²\u003C\u002Ftd>\u003Ctd>5.479\u002Fm²\u003C\u002Ftd>\u003Ctd>5.024\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Precificação do Estoque (sem comissão)\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ nominal)\u003C\u002Ftd>\u003Ctd>9.025\u002Fm²\u003C\u002Ftd>\u003Ctd>10.061\u002Fm²\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>14.269\u002Fm²\u003C\u002Ftd>\u003Ctd>15.312\u002Fm²\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vendas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas Totais\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>99%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Resultados\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TIR\u003C\u002Ftd>\u003Ctd>85,49%\u003C\u002Ftd>\u003Ctd>91,46%\u003C\u002Ftd>\u003Ctd>1220,51%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Margem\u003C\u002Ftd>\u003Ctd>27,40%\u003C\u002Ftd>\u003Ctd>31,66%\u003C\u002Ftd>\u003Ctd>30,24%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MOIC\u003C\u002Ftd>\u003Ctd>4,72x\u003C\u002Ftd>\u003Ctd>5,21x\u003C\u002Ftd>\u003Ctd>10,06x\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0018-14.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0018-15.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0018-16.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Uma imagem contendo Interface gráfica do usuárioDescrição gerada automaticamente\u003Cbr>Si\u003Cbr>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0018-22.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0019-02.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Portfolio de Projetos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch4>\u003Cstrong>Alcatrazes\u003C\u002Fstrong>\u003C\u002Fh4>\u003Cp>\u003Cstrong>Informações do Projeto\u003C\u002Fstrong> Segmento de mercado Médio Padrão\u003C\u002Fp>\u003Ch5>\u003Cstrong>Status Atual – Obra\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cul>\u003Cli>\u003Cp>➢ Apartamentos de 34, 79 e 123m²;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Projeto lançado em Maio de 2021 com 100% das unidades vendidas;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Obras finalizadas.\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Acompanhamento Geral\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Premissas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lançamento\u003C\u002Ftd>\u003Ctd>mai-21\u003C\u002Ftd>\u003Ctd>mai-21\u003C\u002Ftd>\u003Ctd>mai-21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Início de Obra\u003C\u002Ftd>\u003Ctd>nov-21\u003C\u002Ftd>\u003Ctd>dez-21\u003C\u002Ftd>\u003Ctd>dez-21\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Privativa Líq. Permuta (m²)\u003C\u002Ftd>\u003Ctd>16.314\u003C\u002Ftd>\u003Ctd>16.389\u003C\u002Ftd>\u003Ctd>17.158\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Custo de Obra (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>6.072\u002Fm²\u003C\u002Ftd>\u003Ctd>5.924\u002Fm²\u003C\u002Ftd>\u003Ctd>5.715\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Precificação do Estoque (sem comissão)\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ nominal)\u003C\u002Ftd>\u003Ctd>10.080\u002Fm²\u003C\u002Ftd>\u003Ctd>10.272\u002Fm²\u003C\u002Ftd>\u003Ctd>11.068\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>15.632\u002Fm²\u003C\u002Ftd>\u003Ctd>14.174\u002Fm²\u003C\u002Ftd>\u003Ctd>11.068\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vendas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas Totais\u003C\u002Ftd>\u003Ctd>94%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Resultados\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TIR\u003C\u002Ftd>\u003Ctd>22,31%\u003C\u002Ftd>\u003Ctd>19,91%\u003C\u002Ftd>\u003Ctd>30,03%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Margem\u003C\u002Ftd>\u003Ctd>22,50%\u003C\u002Ftd>\u003Ctd>19,22%\u003C\u002Ftd>\u003Ctd>20,69%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MOIC\u003C\u002Ftd>\u003Ctd>1,86x\u003C\u002Ftd>\u003Ctd>1,69x\u003C\u002Ftd>\u003Ctd>2,20x\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Acompanhamento de Vendas - 100%\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0019-18.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0019-19.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0019-25.png\">\u003C\u002Fp>\u003Cp>Acompanhamento de Obra - 100%\u003Cbr>100%\u003Cbr>80%\u003Cbr>60%\u003Cbr>40%\u003Cbr>20%\u003Cbr>0%\u003Cbr>0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32\u003Cbr>Curva Contrato Acumulada Curva Real Acumulada\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0019-26.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0020-02.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Portfolio de Projetos\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Ch4>\u003Cstrong>Ricardo Jafet\u003C\u002Fstrong>\u003C\u002Fh4>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Informações do Projeto\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Segmento de mercado\u003C\u002Ftd>\u003Ctd>HMP\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Status Atual – Lançamento\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cul>\u003Cli>\u003Cp>➢ Apartamentos de 36m² HMP e 54m² R2V;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Lançamento em Agosto\u002F2024 com 37% das unidades vendidas;\u003C\u002Fp>\u003C\u002Fli>\u003Cli>\u003Cp>➢ Início de obra em Janeiro\u002F2026\u003C\u002Fp>\u003C\u002Fli>\u003C\u002Ful>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>\u003Cstrong>Acompanhamento Geral\u003C\u002Fstrong>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003Cth>\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>\u003Cstrong>Premissas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Lançamento\u003C\u002Ftd>\u003Ctd>jun-21\u003C\u002Ftd>\u003Ctd>ago-24\u003C\u002Ftd>\u003Ctd>ago-24\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Início de Obra\u003C\u002Ftd>\u003Ctd>dez-21\u003C\u002Ftd>\u003Ctd>fev-25\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Área Privativa Líq. Permuta (m²)\u003C\u002Ftd>\u003Ctd>12.649m²\u003C\u002Ftd>\u003Ctd>10.657\u003C\u002Ftd>\u003Ctd>9.761\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Custo de Obra (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>5.134\u002Fm²\u003C\u002Ftd>\u003Ctd>5.033\u002Fm²\u003C\u002Ftd>\u003Ctd>4.994\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Precificação do Estoque (sem comissão)\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ nominal)\u003C\u002Ftd>\u003Ctd>8.014\u002Fm²\u003C\u002Ftd>\u003Ctd>9.415\u002Fm²\u003C\u002Ftd>\u003Ctd>10.686\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Precificação do Estoque (R$ - corrigido até a data base)\u003C\u002Ftd>\u003Ctd>12.284\u002Fm²\u003C\u002Ftd>\u003Ctd>10.240\u002Fm²\u003C\u002Ftd>\u003Ctd>10.686\u002Fm²\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Vendas\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Vendas Totais\u003C\u002Ftd>\u003Ctd>68%\u003C\u002Ftd>\u003Ctd>62%\u003C\u002Ftd>\u003Ctd>37%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>\u003Cstrong>Resultados\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Comitê\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Lançamento\u003C\u002Fstrong>\u003C\u002Ftd>\u003Ctd>\u003Cstrong>Viab. Atual\u003C\u002Fstrong>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>TIR\u003C\u002Ftd>\u003Ctd>23,35%\u003C\u002Ftd>\u003Ctd>8,71%\u003C\u002Ftd>\u003Ctd>4,54%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Margem\u003C\u002Ftd>\u003Ctd>17,53%\u003C\u002Ftd>\u003Ctd>11,75%\u003C\u002Ftd>\u003Ctd>6,09%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>MOIC\u003C\u002Ftd>\u003Ctd>1,70x\u003C\u002Ftd>\u003Ctd>1,52x\u003C\u002Ftd>\u003Ctd>1,26x\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch5>\u003Cstrong>Acompanhamento de Vendas - 37%\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0020-18.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0020-19.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Acompanhamento de Obra - 0%\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0020-26.png\">\u003C\u002Fp>\u003Cp>100%\u003Cbr>80%\u003Cbr>60%\u003Cbr>40%\u003Cbr>20%\u003Cbr>0%\u003Cbr>0 2 4 6 8 10 12 14 16 18 20 22 24\u003Cbr>Curva Contrato Acumulada Curva Real Acumulada\u003Cbr>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0020-27.png\">\u003C\u002Fp>\u003Cblockquote>\u003Cp>Siga nossas redes sociais \u003Cu>000\u003C\u002Fu>\u003C\u002Fp>\u003C\u002Fblockquote>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0021-03.png\">\u003C\u002Fp>\u003Cp>LRER\u003Cbr>\u003C\u002Fp>\u003Ch3>\u003Cu>FII RBR Desenvolvimento Residencial III\u003C\u002Fu>\u003C\u002Fh3>\u003Cp>Dezembro 2025 | Relatório Anual\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Ch5>\u003Cstrong>Glossário\u003C\u002Fstrong>\u003C\u002Fh5>\u003Cp>Termos que podem ter sido mencionados ao longo deste relatório:\u003C\u002Fp>\u003Cp>\u003Cstrong>Exposição de Caixa:\u003C\u002Fstrong> Volume monetário a ser aportado pelo Fundo no empreendimento até o momento em que o projeto se torna superavitário, não precisando de aportes dos sócios para honrar suas despesas;\u003C\u002Fp>\u003Cp>\u003Cstrong>Habite-se:\u003C\u002Fstrong> Documento emitido pela Prefeitura Municipal ou órgãos competentes que atesta as condições de habitação da construção destinadas a esse fim. Ela se dá no término do período de construção;\u003C\u002Fp>\u003Cp>\u003Cstrong>Registro de Incorporação:\u003C\u002Fstrong> É o documento que registra a legalidade do imóvel nos âmbitos federal, estadual e municipal;\u003C\u002Fp>\u003Cp>\u003Cstrong>INCC (Índice Nacional de Custo de Construção):\u003C\u002Fstrong> É uma taxa calculada mensalmente pela Fundação Getúlio Vargas (FGV) para medir o aumento dos custos dos insumos utilizados em construções habitacionais. O índice é utilizado para reajustar as parcelas dos contratos de compras de imóveis em fase de construção;\u003C\u002Fp>\u003Cp>\u003Cstrong>Repasse:\u003C\u002Fstrong> É a captação de recursos em instituição financeira para quitação do imóvel junto à construtora;\u003C\u002Fp>\u003Cp>\u003Cstrong>VGV (Valor Geral de Vendas):\u003C\u002Fstrong> É um valor calculado pela soma do valor potencial de venda de todas as unidades de um empreendimento a ser lançado;\u003C\u002Fp>\u003Cp>\u003Cstrong>MOIC (multiple on invested capital) ou (múltiplo do investimento):\u003C\u002Fstrong> É um indicador do retorno de um negócio muito comum no mercado de Fundos de Private Equity. Este múltiplo simboliza o retorno gerado para o investidor de um determinado projeto realizado;\u003C\u002Fp>\u003Cp>\u003Cstrong>TIR (Taxa Interna de Retorno):\u003C\u002Fstrong> É a taxa que mede a rentabilidade pela qual o capital está sendo remunerado em um determinado período de tempo;\u003C\u002Fp>\u003Cp>\u003Cstrong>ROE ou ROI (Return over Equity ou Retorno sobre o Investimento):\u003C\u002Fstrong> É a relação entre o dinheiro ganho ou perdido através de um investimento, e o montante de dinheiro investido;\u003C\u002Fp>\u003Cp>\u003Cstrong>MARGEM DE LUCRO:\u003C\u002Fstrong> Está relacionada com a formação de preços e com a lucratividade da empresa em relação ao investimento realizado.\u003C\u002Fp>\u003Cp>\u003Cstrong>MCMV:\u003C\u002Fstrong> Programa habitacional Minha Casa Minha Vida que reúne iniciativas habitacionais do governo federal para ampliar o estoque de moradias e atender as necessidades habitacionais da população.\u003C\u002Fp>\u003Cp>As informações contidas nesta apresentação não podem ser consideradas como única fonte de informações no processo decisório do investidor, que, antes de tomar qualquer decisão, deverá realizar uma avaliação minuciosa do produto e respectivos riscos, face aos seus objetivos pessoais e ao seu perfil de risco (\"Suitability\"). Assim, não é possível prever o desempenho futuro de um investimento a partir da variação de seu valor de mercado no passado. É recomendada a leitura cuidadosa do Formulário de Informações Complementares e regulamento do fundo de investimento pelo investidor ao aplicar seus recursos.\u003C\u002Fp>\u003Cp>Este boletim tem caráter meramente informativo, destina-se aos cotistas do Fundo, e não deve ser entendido como análise de valor mobiliário, material promocional, solicitação de compra ou venda, oferta ou recomendação de qualquer ativo financeiro ou investimento. Recomendamos consultar profissionais especializados e independentes para eventuais necessidades e questões relativas a aspectos jurídicos, tributários e de sucessão. As informações veiculadas, os valores e as taxas são referências as datas e as condições indicadas no material, e não serão atualizadas. Verifique a tributação aplicável. As referências aos produtos e serviços são meramente indicativas e não consideram os objetivos de investimento, a situação financeira, ou as necessidades individuais e particulares dos destinatários. O objetivo de investimento não constitui garantia ou promessa de rentabilidade. Os dados acima consistem em uma estimativa e não asseguram ou sugerem a existência de garantia de resultados ou informações nele contidas. Adicionalmente, não se responsabilizam por decisões dos investidores acerca do tema contido neste material nem por ato ou fato de profissionais e especialistas por ele consultados. A rentabilidade obtida no passado não representa garantia de rentabilidade futura. Fundos de Investimento não são garantidos pelo administrador do fundo, gestor da carteira, por qualquer mecanismo de seguro, ou ainda, pelo Fundo Garantidor de Credito (FGC). Ao investidor é recomendada a leitura cuidadosa tanto do prospecto quanto do regulamento do Fundo, com especial atenção para as cláusulas relativas ao objetivo e a política de investimento do Fundo, bem como as disposições do prospecto que tratam dos fatores de risco a que este está exposto. Os riscos eventualmente mencionados neste material não refletem todos os riscos, cenários e possibilidades associados ao ativo. O investimento em determinados ativos financeiros pode sujeitar o investidor a significativas perdas patrimoniais. Ao investidor cabe a responsabilidade de se informar sobre todos os riscos, previamente a tomada de decisão sobre investimentos. Ao investidor caberá a decisão final, sob sua única e exclusiva responsabilidade, acerca dos investimentos e ativos mencionados neste material. Para obter informações sobre objetivo, público-alvo e riscos, consulte o regulamento do Fundo. São vedadas a cópia, a distribuição ou a reprodução total ou parcial deste material, sem a prévia e expressa concordância do administrador e do gestor do Fundo.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0021-22.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0021-23.png\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F11715\u002F11715.pdf-0021-24.png\">\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>Uma imagem contendo Interface gráfica do usuárioDescrição gerada automaticamente\u003Cbr>OA=p Adote um\u003Cbr>\u003C\u002Fp>\u003Cp>\u002F>\u003C\u002Fp>\u003Cp>RBR Asset Management Av. Pres. Juscelino Kubitschek, 1.400 Cj. 122 São Paulo, SP - CEP: 04543-000 Tel: +55 11 4083-9144 | contato@rbrasset.com.br www.rbrasset.com.br\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FRBRI11\u002Fdocumentos\u002F11715\u002Fpdf",false,"2026-03-26 18:50:00",{"id":95,"empresa":96,"gestor":100,"cotacoes":106,"patrimonio":120,"vpa":121,"p_vpa":122,"tipo_gestao":123,"mandato":124,"segmento":125,"categoria":124,"grupo":56,"preco_atual":115,"cotacao_atualizada_em":126,"ultima_variacao_cotacao_24h":124,"variacao_cotacao_7d":127,"variacao_cotacao_1m":128,"variacao_cotacao_3m":128,"variacao_cotacao_6m":129,"variacao_cotacao_12m":130,"vacancia_fisica":124,"liquidez_atual":69,"ultimo_dividendo":124,"ultimo_dividend_yield":124,"mes_pagamento_ultimo_dividendo":124,"dividend_yield_3m":124,"dividend_yield_6m":124,"dividend_yield_12m":124,"dividend_yield_medio_12m":124,"qtd_dividendos_pagos_ano_passado":124,"data_ultima_cotacao":119,"pregoes_com_negocio_21":76,"alertas":131,"updated_at":137,"liquidez_media_reais":138,"administrador":47,"taxa_administracao_paga":139,"balanco":140,"resultado_distribuido":124,"publico_alvo":147,"mercados_negociacao_cotas":148,"data_funcionamento":150,"data_final":124,"quantidade_cotas":151,"quantidade_cotistas":152,"detalhes_cotistas":153,"total_investido":156,"investimentos_fundo":157,"imoveis":158,"contratos":124,"custodiante":161,"auditor_independente":168,"formador_mercado":124,"distribuidor_cotas":175,"consultor_especializado":124,"administrador_locacoes":124,"relatorio_anual":180,"analise_administrador":183},504,{"nome":54,"nome_simplificado":97,"nome_comercial":51,"ticker":53,"nome_ticker":98,"nome_pregao":99,"cnpj":61},"  RBR DESENVOLVIMENTO III RESPONSABILIDADE LIMITADA","RBRI11 - FUNDO DE INVESTIMENTO IMOBILIÁRIO - FII RBR DESENVOLVIMENTO III RESPONSABILIDADE LIMITADA","FII RBR III",{"id":101,"nome":41,"cnpj":102,"endereco":103,"telefone":104,"created_at":105,"updated_at":105},184,"40147051000165","AV PRES JUSCELINO KUBITSCHEK, 1400, AND 12 CONJ 122 SL 01 - VILA NOVA CONCEICA, SAO PAULO - SP - 04543-000","(11) 40839144","2026-10-03T19:19:54.000000Z",[107,111,117],{"id":108,"data":109,"abertura":110,"ultimo":110,"volume":69},3375767,"2026-10-14",225.02,{"id":112,"data":113,"abertura":114,"ultimo":115,"volume":116},3580060,"2026-10-27",200.99,200.5,6,{"id":118,"data":119,"abertura":115,"ultimo":115,"volume":69},3593794,"2026-10-28",42073058.2,301.24,"0.67","Ativa",null,"Multicategoria","2026-10-28 09:00","0.0000","-0.1090","-0.6658","-0.7347",[132],{"tipo":133,"campo":134,"titulo":135,"texto":136},"pouco_negociado","liquidez_atual","Pouco negociado","O fundo teve negócios em só 3 dos últimos 21 pregões. Com tão poucos negócios, o preço pode mudar muito de um negócio para o outro, e o DY e o P\u002FVP mudam junto.","04\u002F11\u002F2026 23:00",543.66,0.0321949108048174,{"data_referencia":141,"ativo":142,"passivo":143,"obrigacoes_imoveis":144,"obrigacoes_securitizacao":144,"liquidez":145,"valores_receber":146},"2026-09-01",42231551.34,158493.14,0,458889.03,18205093.31,"Investidor Qualificado",[149],"MB","2019-04-26",139665,139,{"Pessoa Física":154,"Outros fundos de investimento":155,"Investidores não residentes":76,"Pessoa jurídica não financeira":72,"Fundos de investimento imobiliário":69},120,13,23567569,{"Ações de sociedades imobiliárias":156},{"vacancia_total":144,"lista_imoveis":159,"data_referencia":160,"vacancia_suspeita":92},[],"2026-06-30",{"id":162,"nome":163,"cnpj":164,"endereco":165,"telefone":166,"created_at":167,"updated_at":167},5,"BANCO BTG PACTUAL S A","30306294000145","PR BOTAFOGO, 501, BLII SLO 501 BLC II SAL 601 - BOTAFOGO, RIO DE JANEIRO - RJ - 22250-911","(21) 32629600","2026-10-03T18:47:06.000000Z",{"id":169,"nome":170,"cnpj":171,"endereco":172,"telefone":173,"created_at":174,"updated_at":174},14,"GRANT THORNTON AUDITORES INDEPENDENTES LTDA","10830108000165","Av. Engenheiro Luís Carlos Berrini, 105 - 12º andar - Itaim Bibi, São Paulo - SP, 04571-010","(11) 3886-5100","2026-10-03T18:50:58.000000Z",{"id":176,"nome":47,"cnpj":177,"endereco":178,"telefone":166,"created_at":179,"updated_at":179},20,"59281253000123","PR BOTAFOGO, 501, 5 AND - PARTE - BOTAFOGO, RIO DE JANEIRO - RJ - 22250-040","2026-10-03T18:51:20.000000Z",{"ano_referencia":181,"data_disponibilizacao":182},"2026","2026-09-28",{"ResultadoFundo":184,"ConjunturaEconomica":185,"PerspectivaPeriodoSeguinte":186},"O Fundo encerrou o exercício social em linha com sua estratégia de investimentos, conforme detalhado no informe mensal de junho de 2026","No período, o mercado imobiliário e os fundos de investimento imobiliário (FIIs) operaram em um ambiente desafiador, marcado pela manutenção de taxas de juros em patamares elevados, o que impactou a atratividade relativa do setor e levou os investidores a adotarem uma postura mais cautelosa e seletiva. Apesar desse cenário, os fundamentos do mercado imobiliário permaneceram resilientes, especialmente em ativos com capacidade de geração recorrente de renda e características de maior qualidade.","Para o próximo período, espera-se que o mercado imobiliário mantenha desempenho resiliente, embora ainda influenciado pelo cenário de juros elevados e condições de crédito mais restritivas. A expectativa é de gradual melhora das condições de mercado, o que poderá favorecer a atividade do setor e a valorização dos ativos imobiliários."]