Investment Funds as a movement of the Financial-Real Estate Complex in Brazil

Detalhes bibliográficos
Autor(a) principal: Nakama, Vinicius Kuboyama
Data de Publicação: 2022
Outros Autores: Rufino, Beatriz
Tipo de documento: Artigo
Idioma: por
Título da fonte: Revista Brasileira de Estudos Urbanos e Regionais (Online)
DOI: 10.22296/2317-1529.rbeur.202233
Texto Completo: https://rbeur.anpur.org.br/rbeur/article/view/7103
Resumo: The notion of “complex” in Brazilian urban and regional studies was relevant in the context of agro-export and industrial economy in the 19th and 20th centuries, respectively, as it revealed social arrangements of urbanization in these historical moments. In the interpretation of contemporary urban transformations, it is argued that the notion of the “real estate-financial complex’, conceived in the Global North, must consider the specificities of each particular social formation. This work seeks to understand the formation and operation of a complex from the development of Real Estate Investment Funds (FIIs, Brazilian REITs). The main institutional frameworks of the instrument and the agents involved in its designs are investigated to problematize the complex’s constitutive essences that support the instrument and the transformations in space. The research identifies the dominance of national financial institutions, in articulation with global finance, over the FIIs industry and proposes the category of “financial-real estate complex”, which indicates the subordination of the interest of the real estate sector to the financial ones.
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spelling Investment Funds as a movement of the Financial-Real Estate Complex in BrazilOs fundos de investimento como movimento do complexo financeiro-imobiliário no BrasilFinanceirizaçãoProdução imobiliáriaPatrimonialismoFundo de Investimento ImobiliárioPropriedadeFinancializationReal Estate productionPatrimonialismReal Estate Investment FundPropertyThe notion of “complex” in Brazilian urban and regional studies was relevant in the context of agro-export and industrial economy in the 19th and 20th centuries, respectively, as it revealed social arrangements of urbanization in these historical moments. In the interpretation of contemporary urban transformations, it is argued that the notion of the “real estate-financial complex’, conceived in the Global North, must consider the specificities of each particular social formation. This work seeks to understand the formation and operation of a complex from the development of Real Estate Investment Funds (FIIs, Brazilian REITs). The main institutional frameworks of the instrument and the agents involved in its designs are investigated to problematize the complex’s constitutive essences that support the instrument and the transformations in space. The research identifies the dominance of national financial institutions, in articulation with global finance, over the FIIs industry and proposes the category of “financial-real estate complex”, which indicates the subordination of the interest of the real estate sector to the financial ones.A noção de “complexo” nos estudos urbanos e regionais brasileiros foi relevante no contexto agroexportador e industrial nos séculos XIX e XX, respectivamente, ao revelar arranjos sociais da urbanização nesses momentos históricos. Na interpretação das transformações urbanas contemporâneas, sustenta-se que a noção do “complexo imobiliário-financeiro”, concebida no Norte Global, deve considerar as especificidades de cada formação social particular. Este trabalho busca compreender a formação e a atuação de um complexo em decorrência do desenvolvimento dos Fundos de Investimento Imobiliário (FIIs). Investigam-se os principais marcos institucionais do instrumento e os agentes envolvidos em seus desenhos, de modo a problematizar as essências constitutivas do complexo que suporta o instrumento e as transformações no espaço. A pesquisa identifica o domínio das instituições financeiras nacionais, em articulação com as finanças globais, sobre a indústria de FIIs e propõe a categoria de “complexo financeiro-imobiliário”, a qual indica a subordinação dos interesses do setor imobiliário aos financeiros.ANPUR2022-11-28info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://rbeur.anpur.org.br/rbeur/article/view/710310.22296/2317-1529.rbeur.202233Revista Brasileira de Estudos Urbanos e Regionais; Vol. 24 No. 1 (2022): Janeiro-DezembroRevista Brasileira de Estudos Urbanos e Regionais; v. 24 n. 1 (2022): Janeiro-Dezembro2317-15291517-4115reponame:Revista Brasileira de Estudos Urbanos e Regionais (Online)instname:Associação Nacional de Pós-graduação e Pesquisa em Planejamento Urbano e Regional (ANPUR)instacron:ANPURporhttps://rbeur.anpur.org.br/rbeur/article/view/7103/5492http://creativecommons.org/licenses/by/4.0info:eu-repo/semantics/openAccess Nakama, Vinicius KuboyamaRufino, Beatriz2023-01-06T20:44:19Zoai:ojs.rbeur.anpur.org.br:article/7103Revistahttps://rbeur.anpur.org.br/rbeurONGhttps://rbeur.anpur.org.br/rbeur/oairevista@anpur.org.br2317-15291517-4115opendoar:2023-01-06T20:44:19Revista Brasileira de Estudos Urbanos e Regionais (Online) - Associação Nacional de Pós-graduação e Pesquisa em Planejamento Urbano e Regional (ANPUR)false
dc.title.none.fl_str_mv Investment Funds as a movement of the Financial-Real Estate Complex in Brazil
Os fundos de investimento como movimento do complexo financeiro-imobiliário no Brasil
title Investment Funds as a movement of the Financial-Real Estate Complex in Brazil
spellingShingle Investment Funds as a movement of the Financial-Real Estate Complex in Brazil
Investment Funds as a movement of the Financial-Real Estate Complex in Brazil
Nakama, Vinicius Kuboyama
Financeirização
Produção imobiliária
Patrimonialismo
Fundo de Investimento Imobiliário
Propriedade
Financialization
Real Estate production
Patrimonialism
Real Estate Investment Fund
Property
Nakama, Vinicius Kuboyama
Financeirização
Produção imobiliária
Patrimonialismo
Fundo de Investimento Imobiliário
Propriedade
Financialization
Real Estate production
Patrimonialism
Real Estate Investment Fund
Property
title_short Investment Funds as a movement of the Financial-Real Estate Complex in Brazil
title_full Investment Funds as a movement of the Financial-Real Estate Complex in Brazil
title_fullStr Investment Funds as a movement of the Financial-Real Estate Complex in Brazil
Investment Funds as a movement of the Financial-Real Estate Complex in Brazil
title_full_unstemmed Investment Funds as a movement of the Financial-Real Estate Complex in Brazil
Investment Funds as a movement of the Financial-Real Estate Complex in Brazil
title_sort Investment Funds as a movement of the Financial-Real Estate Complex in Brazil
author Nakama, Vinicius Kuboyama
author_facet Nakama, Vinicius Kuboyama
Nakama, Vinicius Kuboyama
Rufino, Beatriz
Rufino, Beatriz
author_role author
author2 Rufino, Beatriz
author2_role author
dc.contributor.author.fl_str_mv Nakama, Vinicius Kuboyama
Rufino, Beatriz
dc.subject.por.fl_str_mv Financeirização
Produção imobiliária
Patrimonialismo
Fundo de Investimento Imobiliário
Propriedade
Financialization
Real Estate production
Patrimonialism
Real Estate Investment Fund
Property
topic Financeirização
Produção imobiliária
Patrimonialismo
Fundo de Investimento Imobiliário
Propriedade
Financialization
Real Estate production
Patrimonialism
Real Estate Investment Fund
Property
description The notion of “complex” in Brazilian urban and regional studies was relevant in the context of agro-export and industrial economy in the 19th and 20th centuries, respectively, as it revealed social arrangements of urbanization in these historical moments. In the interpretation of contemporary urban transformations, it is argued that the notion of the “real estate-financial complex’, conceived in the Global North, must consider the specificities of each particular social formation. This work seeks to understand the formation and operation of a complex from the development of Real Estate Investment Funds (FIIs, Brazilian REITs). The main institutional frameworks of the instrument and the agents involved in its designs are investigated to problematize the complex’s constitutive essences that support the instrument and the transformations in space. The research identifies the dominance of national financial institutions, in articulation with global finance, over the FIIs industry and proposes the category of “financial-real estate complex”, which indicates the subordination of the interest of the real estate sector to the financial ones.
publishDate 2022
dc.date.none.fl_str_mv 2022-11-28
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://rbeur.anpur.org.br/rbeur/article/view/7103
10.22296/2317-1529.rbeur.202233
url https://rbeur.anpur.org.br/rbeur/article/view/7103
identifier_str_mv 10.22296/2317-1529.rbeur.202233
dc.language.iso.fl_str_mv por
language por
dc.relation.none.fl_str_mv https://rbeur.anpur.org.br/rbeur/article/view/7103/5492
dc.rights.driver.fl_str_mv http://creativecommons.org/licenses/by/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv ANPUR
publisher.none.fl_str_mv ANPUR
dc.source.none.fl_str_mv Revista Brasileira de Estudos Urbanos e Regionais; Vol. 24 No. 1 (2022): Janeiro-Dezembro
Revista Brasileira de Estudos Urbanos e Regionais; v. 24 n. 1 (2022): Janeiro-Dezembro
2317-1529
1517-4115
reponame:Revista Brasileira de Estudos Urbanos e Regionais (Online)
instname:Associação Nacional de Pós-graduação e Pesquisa em Planejamento Urbano e Regional (ANPUR)
instacron:ANPUR
instname_str Associação Nacional de Pós-graduação e Pesquisa em Planejamento Urbano e Regional (ANPUR)
instacron_str ANPUR
institution ANPUR
reponame_str Revista Brasileira de Estudos Urbanos e Regionais (Online)
collection Revista Brasileira de Estudos Urbanos e Regionais (Online)
repository.name.fl_str_mv Revista Brasileira de Estudos Urbanos e Regionais (Online) - Associação Nacional de Pós-graduação e Pesquisa em Planejamento Urbano e Regional (ANPUR)
repository.mail.fl_str_mv revista@anpur.org.br
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dc.identifier.doi.none.fl_str_mv 10.22296/2317-1529.rbeur.202233

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