Ethos Asset Management Inc., a United States based company specializing in project financing, has entered into a long-term partnership with Atros Incorporações to build real estate projects in Rio de Janeiro.
“We are extremely pleased to be partnering and supporting such an important and socially critical project in Rio de Janeiro," Carlos Santos, president, and CEO of Ethos said in a Jan. 6 press release. "Ethos is proud to be part of this project which comprises of the execution of 58 real estate developments. Forty-nine of which are new and nine are already in progress, aimed mainly at emerging workers who benefit from the economic expansion arising from oil royalties."
Improving the standard of living is one of the goals of the partnership, according to Santos.
"Delivery of residential units that are better technically executed, will result in better quality of life and improvement in urbanization, as the execution of real estate projects boosts the municipality in the construction of parks, recreation areas, culture, and urban development," Santos said. "We are especially pleased to continue our growth and presence in Brazil as our strongest and largest market where we have unprecedented numbers of projects to fulfill in our pipeline.”
Ethos will help Atros grow its operations in Rio de Janeiro, Atros’ CEO, Guilherme Vendramini Marques, said in a statement.
"We work every day aiming to contribute to better quality of life to our customers and this partnership is a guarantee that we are going in the right direction," Marques said. " My team and I have a lot of work to do together, following a structured implementation plan ready to be applied in 2022.”