A handful of wealthy Brazilian investors pooled their money to build and sell luxury apartments in Ipanema — one of Rio de Janeiro's most sought-after and land-scarce neighbourhoods. The bet is paying off spectacularly, with annual income more than doubling two years running. Full nameOpportunity Balassiano Fundo de Investimento Imobiliário – Responsabilidade Limitada Ticker / exchangeOBAL11 · B3 (São Paulo) HeadquartersRio de Janeiro, Brazil SectorReal estate development, residential segment Unit-holders141,279 units outstanding; 108 unit-holders Market value (market cap)R$154.7m (~US$30.0m) Yearly income (revenue, 2025)R$149.4m (~US$29.0m) Net profit (2025)R$86.5m (~US$16.8m) Net margin …
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