Zell eyes up attractive Brazilian prospects

SAO PAULO: Sam Zell's Equity International may open a real estate financing company in Brazil as record-low interest rates in Latin America's biggest economy boost demand for alternative investments.

Equity International is seeking partners to grow Brazil's "still nascent" real estate financing market, Chief Strategic Officer and Vice-President of Investments Thomas McDonald said in an interview in Sao Paulo.

The real estate investment company hasn't found a partner yet to begin those operations and may open its own company to provide financing to real estate developers, he said.