[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"seo:\u002Fdetalhes\u002FZAVC11\u002Fdocumentos\u002F4034":3,"documento:ZAVC11:4034":87,"fii-documento:ZAVC11":96},{"title":4,"description":5,"canonical":6,"image":7,"json_ld":8,"nome":33,"resumo":79},"Relatório Gerencial ZAVC11 de novembro de 2025 | Kartac","Relatório Gerencial de novembro de 2025 do ZAVC11 (Zavit Crédito Imobiliário), entrega em 02\u002F01\u002F2026. DY 12 meses de 17,00% e P\u002FVP 0,87 em 04\u002F11\u002F2026.","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FZAVC11\u002Fdocumentos\u002F4034","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\u002FZAVC11\u002Fdocumentos\u002F4034#pagina",{"@id":19},"2026-11-03",{"@id":28},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FZAVC11\u002Fdocumentos\u002F4034#documento",{"@id":30},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FZAVC11\u002Fdocumentos\u002F4034#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","Relatório Gerencial ZAVC11 de novembro de 2025","(ZAVC) Relatório Gerencial - 28\u002F11\u002F2025",{"@id":36},"https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FZAVC11#fundo","Relatórios","2026-01-02","2025-11",{"@type":12,"name":41,"identifier":42},"ZAVIT GESTÃO DE RECURSOS LTDA.",{"@type":43,"propertyID":44,"value":45},"PropertyValue","CNPJ","38.136.258\u002F0001-92",{"@type":12,"name":47},"BRL TRUST DTVM S.A.","https:\u002F\u002Ffnet.bmfbovespa.com.br\u002Ffnet\u002Fpublico\u002FdownloadDocumento?id=1074759",{"@type":50,"@id":36,"name":51,"alternateName":52,"url":55,"category":56,"identifier":57,"provider":62},"InvestmentFund","Zavit Crédito Imobiliário",[53,54],"ZAVC11","ZAVIT CRÉDITO IMOBILIÁRIO FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","https:\u002F\u002Fwww.kartac.com.br\u002Fdetalhes\u002FZAVC11","Papel",[58,60],{"@type":43,"propertyID":59,"value":53},"Ticker B3",{"@type":43,"propertyID":44,"value":61},"52.101.897\u002F0001-43",{"@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},"2026-11-05",[82,83,84,85,86],"Relatório Gerencial do Zavit Crédito Imobiliário (ZAVC11), fundo imobiliário de papel, referente a novembro de 2025, com entrega no FundosNet (B3) em 02\u002F01\u002F2026.","No pregão de 04\u002F11\u002F2026, a cota do ZAVC11 fechou a R$ 9,00, com P\u002FVP de 0,87 (valor patrimonial de R$ 10,34 por cota no informe mensal de setembro de 2026).","O último rendimento foi de R$ 0,13 por cota, com pagamento em nov\u002F2026, e o dividend yield dos últimos 12 meses é de 17,00% sobre a cotação de 04\u002F11\u002F2026.","O patrimônio líquido era de R$ 37,1 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":88,"descricao":34,"assunto":89,"tipo":37,"situacao":90,"texto":91,"link_pdf":92,"estruturado":93,"link_original":48,"data_referencia":94,"data_entrega":95,"versao":69},4034,"Relatório Gerencial","(Ativo)","\u003Ch3>ZAVIT\u002FcAPITaL\u003C\u002Fh3>\u003Ch3>Zavit Crédito Imobiliário | ZAVC11\u003C\u002Fh3>\u003Cp>Relatório Gerencial Novembro de 2025\u003C\u002Fp>\u003Ch3>Objetivo e Perfil do Fundo\u003C\u002Fh3>\u003Cp>O fundo tem como objetivo a obtenção de renda e ganho de capital mediante investimento em ativos de renda fixa de caráter imobiliário, em especial os Certificados de Recebíveis Imobiliários (CRI).\u003C\u002Fp>\u003Cp>O fundo busca operações oportunísticas com boas métricas de \u003Cstrong>retorno ajustado ao risco,\u003C\u002Fstrong> priorizando a estruturação e alocações em operações no mercado primário.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_1_image_6.jpg\">\u003C\u002Fp>\u003Ch3>Dados Gerais\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Encerramento 1º Oferta: 20\u002F03\u002F2024\u003C\u002Fth>\u003Cth>Patrimônio Líquido: R$ 36.250.896,42\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Administradora: Vórtx DTVM\u003C\u002Ftd>\u003Ctd>Valor Patrimonial da Cota¹: R$ 10,12\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Gestora: Zavit Gestão de Recursos LTDA\u003C\u002Ftd>\u003Ctd>Valor de Mercado do Fundo: R$ 35.394.319,48\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Código de Negociação: ZAVC11\u003C\u002Ftd>\u003Ctd>Valor de Mercado da Cota²: R$ 9,88\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Periodicidade de Rendimentos: Mensal\u003C\u002Ftd>\u003Ctd>Dividendo do mês: R$ 0,13 \u002F cota\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Quantidade de Emissões: 2\u003C\u002Ftd>\u003Ctd>Dividend Yield³: 16,8% a.a.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de Performance: 20% do excedente de IPCA + 6% a.a.\u003C\u002Ftd>\u003Ctd>Taxa de Adm\u002FGestão: 1,25% a.a.\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Nº de Cotistas\u003C\u002Ftd>\u003Ctd>Prazo do Fundo\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>533\u003C\u002Ftd>\u003Ctd>Indeterminado\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>\u003Cstrong>Sobre o Fundo:\u003C\u002Fstrong> O Zavit Crédito Imobiliário FII foi constituído em setembro de 2023 e concluiu sua primeira oferta para investidores profissionais em março de 2024. A Zavit, gestora do fundo, abarca um \u003Cstrong>time multidisciplinar\u003C\u002Fstrong> que realiza \u003Cstrong>investimentos no mercado imobiliário e de capitais desde 2018\u003C\u002Fstrong>, tendo estruturado, aproximadamente, \u003Cstrong>R$611 milhões de reais em transações\u003C\u002Fstrong>, tanto via equity como dívida, nos mais diversos formatos e veículos.\u003C\u002Fp>\u003Cp>\u003Cstrong>Rendimentos:\u003C\u002Fstrong> No dia 28\u002F11, o fundo comunicou a distribuição de rendimentos equivalentes a \u003Cstrong>R$ 0,13\u002Fcota\u003C\u002Fstrong>, provisionados para pagamento no dia 12\u002F12. Esse valor equivale a um dividend yield de 1,3% a.m. e anualizado de 16,8% a.a.\u003C\u002Fp>\u003Cp>\u003Cstrong>Destaques:\u003C\u002Fstrong> As operações com atualização atrelada ao IPCA apresentaram um resultado relevante no mês, visto que o IPCA de setembro¹ foi de 0,48%. As operações de \u003Cstrong>CRI Marca 397, CRI Marca 396, CRI Marca 508, CRI Balaroti e CRI Comporte\u003C\u002Fstrong> seguiram com a amortização ordinária de R$ 35 mil, R$ 26 mil, R$ 100 mil, R$ 67 mil e R$ 79 mil, respectivamente. Os \u003Cstrong>CRI Moov e CRI Miríade\u003C\u002Fstrong> apresentaram amortização extraordinária de R$ 253 mil e R$ 177 mil.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_3_chart_0.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Informações Financeiras ZAVC11\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>[R$ milhares]\u003C\u002Fp>\u003Cp>Demonstração de Resultados\u003C\u002Fp>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Demonstração de Resultados\u003C\u002Fth>\u003Cth>nov\u002F25\u003C\u002Fth>\u003Cth>nov\u002F25R$\u002Fcota¹\u003C\u002Fth>\u003Cth>Acum. 2S 2025\u003C\u002Fth>\u003Cth>Acum. 2S 2025 R$\u002Fcota¹\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Receita CRIs\u003C\u002Ftd>\u003Ctd>445\u003C\u002Ftd>\u003Ctd>0,12\u003C\u002Ftd>\u003Ctd>2.231\u003C\u002Ftd>\u003Ctd>0,62\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Juros\u003C\u002Ftd>\u003Ctd>371\u003C\u002Ftd>\u003Ctd>0,10\u003C\u002Ftd>\u003Ctd>1.714\u003C\u002Ftd>\u003Ctd>0,48\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Correção Monetária\u003C\u002Ftd>\u003Ctd>73\u003C\u002Ftd>\u003Ctd>0,02\u003C\u002Ftd>\u003Ctd>199\u003C\u002Ftd>\u003Ctd>0,06\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Taxa de Estruturação\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>32\u003C\u002Ftd>\u003Ctd>0,01\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Mercado Secundário\u002FOutros\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>-\u003C\u002Ftd>\u003Ctd>286\u003C\u002Ftd>\u003Ctd>0,08\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Receitas Financeira\u003C\u002Ftd>\u003Ctd>55\u003C\u002Ftd>\u003Ctd>0,02\u003C\u002Ftd>\u003Ctd>434\u003C\u002Ftd>\u003Ctd>0,12\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas - Total\u003C\u002Ftd>\u003Ctd>(50)\u003C\u002Ftd>\u003Ctd>(0,01)\u003C\u002Ftd>\u003Ctd>(199)\u003C\u002Ftd>\u003Ctd>(0,06)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Despesas Operacionais\u003C\u002Ftd>\u003Ctd>(44)\u003C\u002Ftd>\u003Ctd>(0,01)\u003C\u002Ftd>\u003Ctd>(171)\u003C\u002Ftd>\u003Ctd>(0,05)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Outras Despesas\u003C\u002Ftd>\u003Ctd>(6)\u003C\u002Ftd>\u003Ctd>(0,00)\u003C\u002Ftd>\u003Ctd>(28)\u003C\u002Ftd>\u003Ctd>(0,01)\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Operacional\u003C\u002Ftd>\u003Ctd>450\u003C\u002Ftd>\u003Ctd>0,13\u003C\u002Ftd>\u003Ctd>2.465\u003C\u002Ftd>\u003Ctd>0,69\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Operacional (Não Caixa)\u003C\u002Ftd>\u003Ctd>9\u003C\u002Ftd>\u003Ctd>0,00\u003C\u002Ftd>\u003Ctd>7\u003C\u002Ftd>\u003Ctd>0,00\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Resultado Distribuído\u003C\u002Ftd>\u003Ctd>466\u003C\u002Ftd>\u003Ctd>0,13\u003C\u002Ftd>\u003Ctd>2.329\u003C\u002Ftd>\u003Ctd>0,65\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Reserva de Lucro + Correção²\u003C\u002Ftd>\u003Ctd>(7)\u003C\u002Ftd>\u003Ctd>(0,00)\u003C\u002Ftd>\u003Ctd>347\u003C\u002Ftd>\u003Ctd>0,10³\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>Distribuições de Dividendos\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_4_chart_8.jpg\">\u003C\u002Fp>\u003Cp>Fonte: Zavit Capital e Administrador. ¹Cálculos por cota consideram 3.582.421 cotas. ²Reserva de lucro do somado com a correção acumulada dos CRIs e LCIs. ³Considera R$ 0,06\u002Fcota de reservas dos semestres anteriores.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_5_chart_0.jpg\">\u003C\u002Fp>\u003Ch3>Composição da Carteira\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Ativo\u003C\u002Fth>\u003Cth>Código IF\u003C\u002Fth>\u003Cth>Nome\u003C\u002Fth>\u003Cth>Segmento\u003C\u002Fth>\u003Cth>Indexador\u003C\u002Fth>\u003Cth>Taxa de Aquisição\u003C\u002Fth>\u003Cth>Série\u003C\u002Fth>\u003Cth>Região\u003C\u002Fth>\u003Cth>Exposição (R$ mil)\u003C\u002Fth>\u003Cth>% Carteira\u003C\u002Fth>\u003Cth>LTV\u003C\u002Fth>\u003Cth>Duration (anos)\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>231270600\u003C\u002Ftd>\u003Ctd>Comporte\u003C\u002Ftd>\u003Ctd>Transporte\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>3,62%\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>6.799\u003C\u002Ftd>\u003Ctd>18,5%\u003C\u002Ftd>\u003Ctd>55%\u003C\u002Ftd>\u003Ctd>2,2\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>24C2248334\u003C\u002Ftd>\u003Ctd>Felicitá\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>12,34%\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>4.130\u003C\u002Ftd>\u003Ctd>11,2%\u003C\u002Ftd>\u003Ctd>51%\u003C\u002Ftd>\u003Ctd>1,5\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>24H1453741\u003C\u002Ftd>\u003Ctd>Ariatam\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>12,98%\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>4.028\u003C\u002Ftd>\u003Ctd>10,9%\u003C\u002Ftd>\u003Ctd>39%\u003C\u002Ftd>\u003Ctd>1,7\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>19J0133907\u003C\u002Ftd>\u003Ctd>Balaroti\u003C\u002Ftd>\u003Ctd>Varejo\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>2,99%\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>PR\u003C\u002Ftd>\u003Ctd>3.159\u003C\u002Ftd>\u003Ctd>8,6%\u003C\u002Ftd>\u003Ctd>33%\u003C\u002Ftd>\u003Ctd>1,8\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>23E1206892\u003C\u002Ftd>\u003Ctd>Moov\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>12,22%\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>MT\u003C\u002Ftd>\u003Ctd>2.595\u003C\u002Ftd>\u003Ctd>7,1%\u003C\u002Ftd>\u003Ctd>68%\u003C\u002Ftd>\u003Ctd>2,1\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>25J2605770\u003C\u002Ftd>\u003Ctd>Impegno\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>13,50%\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>SC\u003C\u002Ftd>\u003Ctd>2.110\u003C\u002Ftd>\u003Ctd>5,7%\u003C\u002Ftd>\u003Ctd>61%\u003C\u002Ftd>\u003Ctd>2,0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>19L0909950\u003C\u002Ftd>\u003Ctd>Almeida Jr\u003C\u002Ftd>\u003Ctd>Shopping\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>1,30%\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>SC\u003C\u002Ftd>\u003Ctd>1.941\u003C\u002Ftd>\u003Ctd>5,3%\u003C\u002Ftd>\u003Ctd>30%\u003C\u002Ftd>\u003Ctd>1,8\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>22K1448235\u003C\u002Ftd>\u003Ctd>Miríade\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>13,50%\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>SP\u003C\u002Ftd>\u003Ctd>1.393\u003C\u002Ftd>\u003Ctd>3,8%\u003C\u002Ftd>\u003Ctd>38%\u003C\u002Ftd>\u003Ctd>4,0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>24J2339041\u003C\u002Ftd>\u003Ctd>Marca 508\u003C\u002Ftd>\u003Ctd>Loteamento\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>15,39%\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>MG\u003C\u002Ftd>\u003Ctd>1.139\u003C\u002Ftd>\u003Ctd>3,1%\u003C\u002Ftd>\u003Ctd>56%\u003C\u002Ftd>\u003Ctd>0,6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>25J2612796\u003C\u002Ftd>\u003Ctd>Garden Ville\u003C\u002Ftd>\u003Ctd>Incorporação\u003C\u002Ftd>\u003Ctd>CDI\u003C\u002Ftd>\u003Ctd>6,50%\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>MA\u003C\u002Ftd>\u003Ctd>1.104\u003C\u002Ftd>\u003Ctd>3,0%\u003C\u002Ftd>\u003Ctd>53%\u003C\u002Ftd>\u003Ctd>3,0\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>21L0025258\u003C\u002Ftd>\u003Ctd>Marca 397\u003C\u002Ftd>\u003Ctd>Loteamento\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>15,39%\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>MG\u003C\u002Ftd>\u003Ctd>400\u003C\u002Ftd>\u003Ctd>1,1%\u003C\u002Ftd>\u003Ctd>56%\u003C\u002Ftd>\u003Ctd>0,6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>CRI\u003C\u002Ftd>\u003Ctd>21L0025202\u003C\u002Ftd>\u003Ctd>Marca 396\u003C\u002Ftd>\u003Ctd>Loteamento\u003C\u002Ftd>\u003Ctd>IPCA\u003C\u002Ftd>\u003Ctd>15,39%\u003C\u002Ftd>\u003Ctd>Única\u003C\u002Ftd>\u003Ctd>MG\u003C\u002Ftd>\u003Ctd>296\u003C\u002Ftd>\u003Ctd>0,8%\u003C\u002Ftd>\u003Ctd>56%\u003C\u002Ftd>\u003Ctd>0,6\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Caixa\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Caixa\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>7.716\u003C\u002Ftd>\u003Ctd>21,0%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>LCI\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>Caixa Econômica Federal\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>0\u003C\u002Ftd>\u003Ctd>0,0%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>ATIVO\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>IPCA+ CDI+\u003C\u002Ftd>\u003Ctd>12,68% 3,52%\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>\u003C\u002Ftd>\u003Ctd>36.811\u003C\u002Ftd>\u003Ctd>100%\u003C\u002Ftd>\u003Ctd>49%¹\u003C\u002Ftd>\u003Ctd>1,91\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Cp>¹ LTV médio e Duration médio da carteira\u003C\u002Fp>\u003Ch3>Instrumento\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_7_chart_4.jpg\">\u003C\u002Fp>\u003Ch3>Indexadores\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_7_chart_6.jpg\">\u003C\u002Fp>\u003Cp>¹ Considera somente a parcela alocada em CRIs.\u003C\u002Fp>\u003Cp>Distribuição Regional\u003C\u002Fp>\u003Cp>% Carteira¹\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_7_chart_10.jpg\">\u003C\u002Fp>\u003Ch3>Consolidado\u003C\u002Fh3>\u003Ctable>\u003Cthead>\u003Ctr>\u003Cth>Sudeste\u003C\u002Fth>\u003Cth>63%\u003C\u002Fth>\u003C\u002Ftr>\u003C\u002Fthead>\u003Ctbody>\u003Ctr>\u003Ctd>Sul\u003C\u002Ftd>\u003Ctd>25%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Centro-Oeste\u003C\u002Ftd>\u003Ctd>9%\u003C\u002Ftd>\u003C\u002Ftr>\u003Ctr>\u003Ctd>Nordeste\u003C\u002Ftd>\u003Ctd>4%\u003C\u002Ftd>\u003C\u002Ftr>\u003C\u002Ftbody>\u003C\u002Ftable>\u003Ch3>Indicadores da Carteira\u003C\u002Fh3>\u003Ch3>Breakdown da Alocação\u003C\u002Fh3>\u003Cp>Segmento\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_8_chart_4.jpg\">\u003C\u002Fp>\u003Cp>¹ Considera somente a parcela alocada em CRIs.\u003C\u002Fp>\u003Cp>Securitizadora\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_8_chart_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_8_chart_8.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_9_chart_0.jpg\">\u003C\u002Fp>\u003Ch3>Portfólio ZAVC11\u003C\u002Fh3>\u003Ch3>CRI Comporte\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_10_image_3.jpg\">\u003C\u002Fp>\u003Ch3>CRI Felicitá\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_10_image_5.jpg\">\u003C\u002Fp>\u003Ch3>CRI Ariatam\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_10_image_7.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>CDI + 3,62%\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>%PL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Transporte\u003C\u002Fp>\u003Cp>\u003Cstrong>Duration\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>18,5%\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>2,2 anos\u003C\u002Fp>\u003Cp>55%\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>IPCA + 12,34%\u003C\u002Fp>\u003Cp>\u003Cstrong>%PL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Incorporação\u003C\u002Fp>\u003Cp>11,2%\u003C\u002Fp>\u003Cp>\u003Cstrong>Duration\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>1,5 anos\u003C\u002Fp>\u003Cp>51%\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>IPCA + 12,98%\u003C\u002Fp>\u003Ch3>Segmento\u003C\u002Fh3>\u003Cp>Incorporação\u003C\u002Fp>\u003Cp>\u003Cstrong>%PL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>10,9%\u003C\u002Fp>\u003Cp>\u003Cstrong>Duration\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>1,7 anos\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>39%\u003C\u002Fp>\u003Cp>CRI corporativo para a Viação Piracicaba, controlada do Grupo Comporte. O grupo atua no setor de transporte de passageiros por vias terrestres e sobre trilhos e transporte de encomendas.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_10_image_39.jpg\">\u003C\u002Fp>\u003Cp>Disclaimer: Os valores dos indicadores de obra e vendas são atualizados com base nos relatórios mais recentes dos servicers.\u003C\u002Fp>\u003Cp>A operação conta com a alienação fiduciária de 12 imóveis, cujo valor de avaliação é de R$ 234 milhões, a cessão fiduciária de contratos de locação e aval da Comporte Participações S.A.\u003C\u002Fp>\u003Cp>\u003Cstrong>N\u002FA\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Término de obra de um empreendimento residencial localizado no bairro da Pompeia em São Paulo\u002FSP. A obra encontra-se em estágio avançado de construção com previsão de término em fevereiro de 2026.\u003C\u002Fp>\u003Cp>A operação conta com a cessão fiduciária dos recebíveis, alienação fiduciária das cotas da SPE, alienação fiduciária do terreno, aval dos sócios e fundo de reserva.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_10_image_45.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>94%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_10_image_47.jpg\">\u003C\u002Fp>\u003Cp>Término de obra de um empreendimento residencial localizado na cidade de Piracicaba\u002FSP. A obra encontra-se concluída com habite-se emitido.\u003C\u002Fp>\u003Cp>\u003Cstrong>40%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>A operação conta com a cessão fiduciária dos recebíveis, alienação fiduciária das cotas da SPE, alienação fiduciária do terreno, aval dos sócios e fundo de reserva.\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_10_image_52.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>60%\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>CRI Balaroti\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_11_image_3.jpg\">\u003C\u002Fp>\u003Ch3>CRI Moov\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_11_image_5.jpg\">\u003C\u002Fp>\u003Ch3>CRI Impegno\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_11_image_7.jpg\">\u003C\u002Fp>\u003Cp>Disclaimer: Os valores dos indicadores de obra e vendas são atualizados com base nos relatórios mais recentes dos servicers.\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>CDI + 2,99%\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>%PL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Varejo\u003C\u002Fp>\u003Cp>8,6%\u003C\u002Fp>\u003Cp>\u003Cstrong>Duration\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>1,8 anos\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>33%\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>IPCA + 12,22%\u003C\u002Fp>\u003Cp>\u003Cstrong>%PL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Incorporação\u003C\u002Fp>\u003Cp>\u003Cstrong>Duration\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>7,1%\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>2,1 anos\u003C\u002Fp>\u003Cp>68%\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>IPCA + 13,50%\u003C\u002Fp>\u003Ch3>Segmento\u003C\u002Fh3>\u003Cp>Incorporação\u003C\u002Fp>\u003Cp>\u003Cstrong>%PL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>5,7%\u003C\u002Fp>\u003Cp>\u003Cstrong>Duration\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>2,0 anos\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>61%\u003C\u002Fp>\u003Cp>CRI corporativo para a Balaroti, empresa fundada em 1975 que atua no comércio de materiais de construção, acabamento e decoração, em especial na região Sul do país.\u003C\u002Fp>\u003Cp>A operação conta com alienação fiduciária de 7 lojas locadas para a Balaroti, cessão fiduciária de recebíveis das vendas de suas lojas, fiança do sócio e fundo de reserva.\u003C\u002Fp>\u003Cp>Término de obra de um empreendimento residencial localizado na cidade de Cuiabá\u002FMT. A obra já foi finalizada e possui habite-se emitido.\u003C\u002Fp>\u003Cp>A operação conta com a cessão fiduciária dos recebíveis, alienação fiduciária das unidades, alienação fiduciária das cotas da SPE, aval dos sócios e fundo de reserva.\u003C\u002Fp>\u003Cp>Término de obra de um empreendimento residencial localizado na cidade de Itajaí\u002FSC. A obra se encontra em estágio avançado de construção e o empreendimento está 100% vendido.\u003C\u002Fp>\u003Cp>A operação conta com a cessão fiduciária dos recebíveis, alienação fiduciária de cotas, alienação fiduciária do terreno, aval dos sócios e fundo de reserva.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_11_image_45.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>N\u002FA\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>N\u002FA\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Obra\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_11_image_49.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>72%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_11_image_52.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>59%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Vendas\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>CRI Almeida Jr\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_12_image_3.jpg\">\u003C\u002Fp>\u003Ch3>CRI Miríade\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_12_image_5.jpg\">\u003C\u002Fp>\u003Ch3>CRI Marca 508\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_12_image_7.jpg\">\u003C\u002Fp>\u003Cp>Disclaimer: Os valores dos indicadores de obra e vendas são atualizados com base nos relatórios mais recentes dos servicers.\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>CDI + 1,30%\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Shopping\u003C\u002Fp>\u003Cp>\u003Cstrong>%PL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Duration\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>5,3%\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>1,8 anos\u003C\u002Fp>\u003Cp>30%\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>IPCA + 13,50%\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>%PL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Incorporação\u003C\u002Fp>\u003Cp>3,8%\u003C\u002Fp>\u003Cp>\u003Cstrong>Duration\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>4,0 anos\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>39%\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>IPCA + 15,39%\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>%PL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Loteamento\u003C\u002Fp>\u003Cp>3,4%\u003C\u002Fp>\u003Cp>\u003Cstrong>Duration\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>0,6 anos\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>56%\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_12_image_39.jpg\">\u003C\u002Fp>\u003Cp>CRI corporativo cuja devedora é a Blumenau Norte Shopping Participações, sócia de 71% do Norte Shopping (Blumenau\u002FSC). Inaugurado em 2011, o Shopping conta com mais de 180 lojas e ABL de 35.545 m².\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_12_image_41.jpg\">\u003C\u002Fp>\u003Cp>A operação conta com a cessão fiduciária de 71% dos recebíveis, alienação fiduciária de 71% do Shopping e fiança do Jaimes Almeida Jr (controlador do Grupo Almeida Jr).\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_12_image_43.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_12_image_44.jpg\">\u003C\u002Fp>\u003Cp>Término de obra de um empreendimento residencial localizado na cidade de Ubatuba\u002FSP. A obra já foi finalizada e possui habite-se emitido.\u003C\u002Fp>\u003Cp>A operação conta com a cessão fiduciária dos recebíveis, alienação fiduciária das cotas da SPE, alienação fiduciária das unidades, fiança dos sócios e fundo de reserva.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_12_image_47.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>98%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Securitização de carteira de dois loteamentos performados: Serra da Liberdade e Mirante do Sol, próximos a Serra do Cipó\u002FMG.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_12_image_51.jpg\">\u003C\u002Fp>\u003Cp>A operação conta com a cessão fiduciária dos recebíveis, alienação fiduciária das cotas da SPEs, fiança e coobrigação dos sócios na pessoa física e fundo de reserva.\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_12_image_54.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>CRI Garden Ville – Fase 1\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_13_image_2.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_13_image_3.jpg\">\u003C\u002Fp>\u003Ch3>CRI Marca 397\u003C\u002Fh3>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_13_image_5.jpg\">\u003C\u002Fp>\u003Cp>CDI + 6,50%\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Incorporação\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>3,0%\u003C\u002Fp>\u003Ch3>CRI Marca 396\u003C\u002Fh3>\u003Cp>\u003Cstrong>%PL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_13_image_13.jpg\">\u003C\u002Fp>\u003Cp>Disclaimer: Os valores dos indicadores de obra e vendas são atualizados com base nos relatórios mais recentes dos servicers.\u003C\u002Fp>\u003Cp>\u003Cstrong>Duration\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>3,0 anos\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>53%\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>IPCA + 15,39%\u003C\u002Fp>\u003Cp>\u003Cstrong>%PL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Loteamento\u003C\u002Fp>\u003Cp>\u003Cstrong>Duration\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>1,1%\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>0,6 anos\u003C\u002Fp>\u003Cp>56%\u003C\u002Fp>\u003Cp>\u003Cstrong>Taxa\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>IPCA + 15,39%\u003C\u002Fp>\u003Cp>\u003Cstrong>Segmento\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>Loteamento\u003C\u002Fp>\u003Cp>\u003Cstrong>%PL\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>0,8%\u003C\u002Fp>\u003Cp>\u003Cstrong>Duration\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>0,6 anos\u003C\u002Fp>\u003Cp>\u003Cstrong>LTV\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>56%\u003C\u002Fp>\u003Cp>Término de obra de dois empreendimentos residenciais horizontais localizados no Maranhão. A operação conta com 5 séries independentes com objetivo de financiar as fases dos empreendimentos. O Fundo integralizou a primeira série cuja fase objeto do financiamento está totalmente vendida.\u003C\u002Fp>\u003Cp>A operação conta com a cessão fiduciária dos recebíveis, alienação fiduciária das cotas da SPE, alienação fiduciária das unidades, aval dos sócios e fundo de reserva.\u003C\u002Fp>\u003Cp>Securitização de carteira de dois loteamentos performados: Serra da Liberdade e Mirante do Sol, próximos a Serra do Cipó\u002FMG.\u003C\u002Fp>\u003Cp>A operação conta com a cessão fiduciária dos recebíveis, alienação fiduciária das cotas da SPEs, fiança e coobrigação dos sócios na pessoa física e fundo de reserva.\u003C\u002Fp>\u003Cp>Securitização de carteira de dois loteamentos performados: Serra da Liberdade e Mirante do Sol, próximos a Serra do Cipó\u002FMG.\u003C\u002Fp>\u003Cp>A operação conta com a cessão fiduciária dos recebíveis, alienação fiduciária das cotas da SPEs, fiança e coobrigação dos sócios na pessoa física e fundo de reserva.\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_13_image_46.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_13_image_47.jpg\">\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_13_image_48.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_13_image_50.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Obra\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_13_image_52.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_13_image_55.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>Obra\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_13_image_58.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>100%\u003C\u002Fstrong>\u003C\u002Fp>\u003Ch3>ZavIT\u002FcapITaL\u003C\u002Fh3>\u003Cp>Gestão de Recursos\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_14_image_3.jpg\">\u003C\u002Fp>\u003Cp>Av. Brig. Faria Lima, 1800, 6°A\u003C\u002Fp>\u003Cp>01451-001, Jardim Paulistano\u003C\u002Fp>\u003Cp>São Paulo, SP\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_14_image_7.jpg\">\u003C\u002Fp>\u003Cp>www.zavit.com.br\u003C\u002Fp>\u003Cp>Zavit Capital\u003C\u002Fp>\u003Cp>+55 11 3819-2655\u003C\u002Fp>\u003Cp>Relação com Investidores\u003C\u002Fp>\u003Cp>\u003Cimg alt=\"\" src=\"\u002Fstorage\u002Ffiis\u002Fdocumentos\u002F4034\u002Fpage_14_image_12.jpg\">\u003C\u002Fp>\u003Cp>\u003Cstrong>ri@zavit.com.br\u003C\u002Fstrong>\u003C\u002Fp>\u003Cp>documento não const meramente informativo e é para u evendo ser u s. Recomendam • º s temas nem es indicadas no material e não rar qualquer condição, nados ne\u003C\u002Fp>","https:\u002F\u002Fwww.kartac.com.br\u002Fapi\u002Ffiis\u002FZAVC11\u002Fdocumentos\u002F4034\u002Fpdf",false,"2025-11-28","2026-01-02 19:00:00",{"id":97,"empresa":98,"gestor":102,"cotacoes":108,"patrimonio":210,"vpa":211,"p_vpa":212,"tipo_gestao":213,"mandato":214,"segmento":215,"categoria":56,"grupo":56,"preco_atual":192,"cotacao_atualizada_em":216,"ultima_variacao_cotacao_24h":217,"variacao_cotacao_7d":218,"variacao_cotacao_1m":219,"variacao_cotacao_3m":220,"variacao_cotacao_6m":221,"variacao_cotacao_12m":222,"vacancia_fisica":214,"liquidez_atual":223,"ultimo_dividendo":224,"ultimo_dividend_yield":225,"mes_pagamento_ultimo_dividendo":226,"dividend_yield_3m":227,"dividend_yield_6m":228,"dividend_yield_12m":229,"dividend_yield_medio_12m":230,"qtd_dividendos_pagos_ano_passado":231,"data_ultima_cotacao":208,"pregoes_com_negocio_21":232,"alertas":233,"updated_at":234,"liquidez_media_reais":235,"administrador":47,"taxa_administracao_paga":214,"balanco":236,"resultado_distribuido":243,"publico_alvo":248,"mercados_negociacao_cotas":249,"data_funcionamento":251,"data_final":214,"quantidade_cotas":252,"quantidade_cotistas":253,"detalhes_cotistas":254,"total_investido":257,"investimentos_fundo":258,"imoveis":259,"contratos":214,"custodiante":261,"auditor_independente":266,"formador_mercado":214,"distribuidor_cotas":273,"consultor_especializado":214,"administrador_locacoes":214,"relatorio_anual":274,"analise_administrador":277},601,{"nome":54,"nome_simplificado":99,"nome_comercial":51,"ticker":53,"nome_ticker":100,"nome_pregao":101,"cnpj":61},"ZAVIT CRÉDITO IMOBILIÁRIO   RESPONSABILIDADE LIMITADA","ZAVC11 - ZAVIT CRÉDITO IMOBILIÁRIO FUNDO DE INVESTIMENTO IMOBILIÁRIO - RESPONSABILIDADE LIMITADA","FII ZAVIT C",{"id":103,"nome":41,"cnpj":104,"endereco":105,"telefone":106,"created_at":107,"updated_at":107},80,"38136258000192","Av Brigadeiro Faria Lima, 1800 6° andar\n01451-001 - São Paulo – SP","(11) 3819-2655","2026-10-03T18:55:44.000000Z",[109,115,121,126,130,135,140,146,152,157,161,167,171,177,183,189,194,198,202,206],{"id":110,"data":111,"abertura":112,"ultimo":113,"volume":114},3288801,"2026-10-06",9.27,9.22,77,{"id":116,"data":117,"abertura":118,"ultimo":119,"volume":120},3289530,"2026-10-07",9.37,9.23,4353,{"id":122,"data":123,"abertura":119,"ultimo":124,"volume":125},3290518,"2026-10-08",9.26,595,{"id":127,"data":128,"abertura":118,"ultimo":113,"volume":129},3290986,"2026-10-09",160,{"id":131,"data":132,"abertura":119,"ultimo":133,"volume":134},3356945,"2026-10-13",9.24,1568,{"id":136,"data":137,"abertura":138,"ultimo":124,"volume":139},3375555,"2026-10-14",9.42,140,{"id":141,"data":142,"abertura":143,"ultimo":144,"volume":145},3376198,"2026-10-15",9.4,9.39,484,{"id":147,"data":148,"abertura":149,"ultimo":150,"volume":151},3377055,"2026-10-16",9.52,9.57,319,{"id":153,"data":154,"abertura":150,"ultimo":155,"volume":156},3445222,"2026-10-19",9.56,164,{"id":158,"data":159,"abertura":155,"ultimo":144,"volume":160},3446589,"2026-10-20",345,{"id":162,"data":163,"abertura":164,"ultimo":165,"volume":166},3459774,"2026-10-21",9.55,9.46,49,{"id":168,"data":169,"abertura":149,"ultimo":143,"volume":170},3473632,"2026-10-22",307,{"id":172,"data":173,"abertura":174,"ultimo":175,"volume":176},3488172,"2026-10-23",9.5,9.49,263,{"id":178,"data":179,"abertura":180,"ultimo":181,"volume":182},3566184,"2026-10-26",9.48,9.19,816,{"id":184,"data":185,"abertura":186,"ultimo":187,"volume":188},3580086,"2026-10-27",9.2,8.99,2276,{"id":190,"data":191,"abertura":192,"ultimo":192,"volume":193},3594240,"2026-10-28",9,1553,{"id":195,"data":196,"abertura":192,"ultimo":192,"volume":197},3608991,"2026-10-29",678,{"id":199,"data":200,"abertura":192,"ultimo":192,"volume":201},3624873,"2026-10-30",1839,{"id":203,"data":26,"abertura":204,"ultimo":187,"volume":205},3682177,8.96,486,{"id":207,"data":208,"abertura":192,"ultimo":192,"volume":209},3695712,"2026-11-04",446,37053512.52,10.34,"0.87","Ativa",null,"Outros","2026-11-05 09:00","0.0011","0.0000","-0.0239","-0.0260","-0.0364","-0.0323",33,"0.1300","0.0144","Nov\u002F2026","0.0433","0.0867","0.1700","0.0138",12,21,[],"05\u002F11\u002F2026 07:00",7796.48,{"data_referencia":237,"ativo":238,"passivo":239,"obrigacoes_imoveis":240,"obrigacoes_securitizacao":240,"liquidez":241,"valores_receber":242},"2026-09-01",37557948.83,504436.31,0,3118895.94,4550.83,{"data_referencia":244,"resultado":245,"rendimentos":246,"percentual":247},"2026-06-30",2748390.57,2672545.8615,0.9724039554902126,"Investidor Profissional",[250],"Bolsa","2023-09-28",3582421,883,{"Pessoa Física":255,"Fundos de investimento imobiliário":256,"Pessoa jurídica não financeira":72},874,7,34434502.06,{"CRI \u002F CRA":257},{"vacancia_total":240,"lista_imoveis":260,"data_referencia":244,"vacancia_suspeita":93},[],{"id":72,"nome":47,"cnpj":262,"endereco":263,"telefone":264,"created_at":265,"updated_at":265},"13486793000142","R. Alves Guimarães, 1216 - Pinheiros, São Paulo - SP, 05410-002","(11) 3509-0600","2026-06-07T17:17:20.000000Z",{"id":267,"nome":268,"cnpj":269,"endereco":270,"telefone":271,"created_at":272,"updated_at":272},64,"ECOVIS WFA AUDITORES IDEPENDENTES S\u002FS","40221974000110","AV. NAÇÕES UNODAS, 14401 - CHACARA SANTO ANTONIO","(11) 5183-5422","2026-10-03T18:54:38.000000Z",{"id":72,"nome":47,"cnpj":262,"endereco":263,"telefone":264,"created_at":265,"updated_at":265},{"ano_referencia":275,"data_disponibilizacao":276},"2026","2026-09-28",{"ResultadoFundo":278,"ConjunturaEconomica":279,"PerspectivaPeriodoSeguinte":280},"De Julho de 2025 a Junho de 2026, o fundo gerou R$ 5.628 milhões de resultado caixa. A distribuição no período foi de R$ 5.481 milhões, equivalente a R$ 1,53 por cota em uma base de 3.582.421 cotas. ","Nos últimos anos, o mercado imobiliário enfrentou uma crise prolongada, marcada pelo endividamento de empresas, escassez de crédito e altas taxas de juros, o que dificultou as transações de compra e venda de imóveis, tanto para uso residencial quanto para investimento. Entretanto, recentemente o setor mostrou sinais de recuperação. Com uma leve recuperação econômica, houve uma retomada das construções e um aumento na demanda por imóveis.\n\nNo entanto, a inflação persistente e o aumento dos custos de insumos e materiais de construção têm pressionado o mercado, impactando diretamente os preços dos imóveis. Adicionalmente, o aumento das taxas de financiamento imobiliário em conjunto com as restrições, ainda refletem um cenário econômico de cautela, o que mantém os valores dos imóveis elevados. Essa combinação de fatores está redefinindo a dinâmica do mercado imobiliário, exigindo uma análise criteriosa por parte de investidores e compradores.","Diante da escassez de recursos no mercado de poupança e da Selic acima dos dois dígitos, o cenário atual apresenta taxas de financiamento mais elevadas. Esse contexto abre boas oportunidades para a estruturação de operações com maior rentabilidade e garantias mais sólidas, uma vez que a desaceleração nas vendas de empreendimentos, combinada com o alto custo do setor, tem criado um ambiente favorável para negociações mais vantajosas."]