The office market in São Paulo has been in recession since the year 2000. This situation came up due to two main factors: [i] the very aggressive attitude of developers during the period that comprises the year 1999 until 2000. At that time there was a very strong perception among investors...

Purpose – The purpose of this paper is to clarify whether value created by real estate (RE) companies (tangible intensive firms) can be evaluated better using intellectual capital (IC) elements (human, structural and physical assets) or traditional accounting measures of efficiency (ROIC and...

<title>Abstract</title> This article discusses the main aspects of the Brazilian real estate market in order to illustrate if it would be attractive for a typical American real estate investor to buy office‐building portfolios in Brazil. The article emphasizes: [i] — the regulatory frontiers, comparing...