Brazil
Development and acquisition of real estate assets with a focus on capital gains: speculative developments, build-to-suit for major occupiers, and retrofits, always in hard-to-replicate locations.
View the portfolio
Real estate private equity
We originate, structure, develop and sell.
With our own capital in every deal. Brazil and the United States.
- 25
- years in real estate
- R$30bn
- invested over the career
- 37.1M
- square feet invested
- 2
- countries: Brazil and the United States
Figures refer to the founding partner's career track record. Norton was founded in 2025.
01The thesis
The investor is no longer a passenger.
Large asset managers dominate real estate fundraising in Brazil. Investing in these funds turns the investor into a passenger: diluted returns, low liquidity, low yields, constant fund raises and no access to decision makers.
Norton operates outside that funnel. Deals of R$ 50 to R$ 150 million in Brazil and USD 5 to USD 20 million in the United States, with a select group of investors per deal. At a table this size, whoever invests speaks directly to decision-makers. Not as a courtesy: by design.
- R$ 50 – R$ 150 MUSD 5 – USD 20 M
- per deal
- Select group
- of investors per deal
- Direct access
- to the decision-makers
02How we operate
The whole cycle, in-house.
We do not invest capital in third-party deals. The same team originates, structures, executes, and sells, co-investing alongside our investors.
01
Origination
A proprietary, off-market pipeline. In Brazil and the United States, dozens of deals are screened every week; five to eight are approved annually.
02
Structuring
Debt and equity structured in-house, aligned with the project's specifics, cost of capital, and risk profile.
03
Execution
Hands-on management of design and construction, with continuous control of schedule, budget and quality.
04
Exit
Assets sold to institutional or strategic buyers at the right point in the cycle, maximizing returns.
03Where we invest
Two geographies, one discipline.
United States
Acquisition and development of residential and logistics properties in selected states, alongside local partners with decades of experience. Proprietary deal flow with limited competition and investment structures vetted by Brazilian and international law firms.
Explore the United States platform04Portfolio
The assets under way.
Logistics · Development
Empreendimento Logístico Santo André
Santo André (SP)
Approvals
Logistics · Development
Empreendimento Logístico São Paulo
São Paulo (SP)
Approvals
Logistics · Speculative
Galpão Especulativo Osasco
Osasco (SP)
100% leased while still under construction
Partner's track record
05Structures
How investors come in.
Private funds
Access to a pipeline of opportunities, diversified across assets and stages of development. Capital recycles: the proceeds from one asset exit funds the next cycle.
Club deals
One deal, a select group of investors, a lean structure vetted by outside counsel. Reduced costs and flexibility for qualified investors who want to choose deal by deal.
Terms, structures and figures for each deal are presented in direct conversations with qualified investors.
06The house
One team that originates, structures and executes, backed by 25 years in the market and a R$30 billion track record.
See the track record