Real Investor Fundo de Investimento Imobiliário Responsabilidade Limitada (CNPJ 44.625.612/0001-45). A FoF/hedge fund vehicle managed by Real Investor Asset Management (Londrina, Paraná), leading its peer group in total return since its IPO (Nov/2022). NAV of R$ 535M following the completion of its 6th offering in Jun/2026.
Segment: Hybrid / FoF — Multi-Category · Price R$ 100.15 · P/BV 0.9854 · BV/unit R$ 101.63 · Net assets R$ 511 Mi · 4,717 unitholders
RINV11 (Real Investor FII) is a Brazilian REIT in the Hybrid / FoF — Multi-Category segment. Real Investor Fundo de Investimento Imobiliário Responsabilidade Limitada (CNPJ 44.625.612/0001-45). A FoF/hedge fund vehicle managed by Real Investor Asset Management (Londrina, Paraná), leading its peer group in total return since its IPO (Nov/2022). NAV of R$ 535M following the completion of its 6th offering in Jun/2026.
Purchases units of dozens of other FIIs, real estate securities, and sector equities—Real Investor handles selection on your behalf and distributes income monthly. Note: as a fund of funds, you pay the RINV11 fee plus the fee of each underlying fund.
This page gathers the factual snapshot of RINV11 in 2026: what the fund is, what it invests in, what it charges, who manages it and how it got here. Opinion, score and recommendation live in the analysis; payout calendar and projections live in dividends.
Management: Real Investor Asset Management.
Real Investor Asset Management is an independent asset manager headquartered in Londrina, Paraná (with an office in São Paulo) with over 15 years of operations. RINV11 is the firm's public vehicle for the real estate sector and has accumulated a total return of +53.4% since its IPO on Nov 11, 2022, compared to +33.9% for the IFIX over the same period (160% of the index). Among the 21 FoFs/hedge funds with NAV > R$ 100M and a track record dating back to Nov/2022, RINV11 leads...FoF/hedge fund portfolio post-6th offering — 72% in FIIs (skewed toward receivables), 11% CRIs, 10% equities, 9% cash
| Asset | Location | % of NAV | Occupancy |
|---|---|---|---|
| FYTO Recebíveis Imobiliários FII | — | 4.8% | — |
| Vinci CRED SEC FII | — | 4.3% | — |
| Cyrela Crédito FII | — | 4.2% | — |
| Iridium CRI FII | — | 4.1% | — |
| Kinea Hedge Fund FII | — | 4.1% | — |
| BTG Pactual Corporate Office Fund (BRCR) | — | 3.7% | — |
| RBR Premium FII | — | 3.7% | — |
| Clave Índices de Preços FII | — | 3.5% | — |
| JPP Capital Recebíveis Imobiliários FII | — | 3.5% | — |
| EQI CRI FII | — | 3.1% | — |
| RBR Alpha Plus Multi Real Estate FII | — | 2.9% | — |
| Fator Verita FII | — | 2.8% | — |
| Itaú Total Return FII | — | 2.6% | — |
| Kilima Volkano Recebíveis Imobiliários FII | — | 2.6% | — |
| Habitat II FII | — | 2.4% | — |
| JS Ativos Financeiros FII | — | 2.4% | — |
| JS Recebíveis Imobiliários FII | — | 2.2% | — |
| Galápagos Recebíveis Imobiliários FII | — | 1.9% | — |
| VBI Reits Multiestratégia FII | — | 1.9% | — |
| FII Green Towers | — | 1.3% | — |
| 9 additional FIIs (BTHF11, UBSR11, RBR11, RBMR11, ITIP11, GSFI11, URPR11, INBR11, HSAF11) | — | 7.0% | — |
| cri-mrv-flex-xiii | — | 1.9% | — |
| cri-uniq | — | 1.5% | — |
| cri-balneario-buzios | — | 1.5% | — |
| cri-pinheiro-sa | — | 1.3% | — |
| cri-franco-ribeiro | — | 1.2% | — |
| 8 additional CRIs (Quaresmeira, THL Sol Nascente, Vanguarda, FGR, Frizzo, Credlar, Real Supermercado) | — | 4.8% | — |
| Real estate equities portfolio | — | 9.2% | — |
| Cash and Reverse Repos | — | 2.3% | — |
HHI 0.025 — muito_baixa.
| Breakdown | Share |
|---|---|
| By index | IPCA+ 83.0% · CDI+ 16.0% · INCC+ 1.0% |
RINV11 trades practically at its book value (P/BV 1.003 — R$ 106.70 vs. R$ 106.39). Slight premium of 0.3% over book value — essentially at par.
last close R$ 100.15 · all-time low R$ 92.93 · high R$ 113.70 · book value per unit R$ 101.63.
Average daily volume (21 sessions) of R$ 497,304 · 12-month average of R$ 420,348.
Moderate liquidity. A R$ 100k position exits in 1 day, R$ 500k in ~5 business days, R$ 1M in ~10 days. Compatible with individual investors holding up to R$ 200k in RINV11.
| Period | What happened |
|---|---|
| IPO | Launched as a hybrid FII with an initial raise of R$ 30M at R$ 100 per unit. |
| PRIMEIRO ANO | Portfolio construction with broad diversification — fund outperforms IFIX in its first year. |
| EXPANSÃO | Three consecutive offerings more than double NAV and bring the fund to the R$ 200M milestone. |
| REGULAMENTAÇÃO 175 | Adaptation to CVM Resolution 175 — fund transitions to a Single Class structure with limited liability for... |
| 5ª EMISSÃO | Additional capital raise of ~R$ 65M consolidates the fund at the R$ 420M NAV milestone. |
| REGIME ATUAL | DPU stabilizes at R$ 1.10 per unit with growing reserves; fund leads the total return ranking among... |
| 6ª EMISSÃO | Capital raise of R$ 118M lifts NAV to R$ 535M — Real Investor's largest fund. |