Ethos Asset Management Inc. USA announces an agreement in Brazil with Atros Incorporações, to develop and build real estate projects in Rio de Janeiro

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The partnership provides long-term financing to Atros Incorporações, to facilitate their strategic planning for the next 10 years and the creation of 58 real estate developments.

SAN DIEGO, January 07, 2022– (BUSINESS WIRE) – ETHOS ASSET MANAGEMENT INC USA, announced a new long-term financing partnership with Atros Incorporações, a Brazilian real estate development and construction company with a significant capital injection of 4 million USD.

Carlos Santos, President and CEO of Ethos said: “We are extremely happy to partner and support such an important and socially critical project in Rio de Janeiro, Brazil. Ethos is proud to be part of this project which includes the execution of a total of 58 real estate developments. 49 of which new and 9 are already in progress, intended mainly for emerging workers who benefit from the economic expansion resulting from oil royalties. The company has already built and fully sold 4 condominiums in the target area. We were very impressed by the CEO of Atros, Guilherme Vendramini Marques, his dynamism, his ambition and his vision to generate 3,000 direct and indirect jobs and improve the standard of living of the population.In addition, the delivery of better technically executed housing will result in a better quality of life and an improvement in urbanization, because the realization of real estate projects energizes the municipality in the construction of parks, recreation areas, culture and urban development. pleased to continue our growth and our presence in Brazil, our strongest and most important market, where we have an unprecedented number of projects to realize in our pipeline. “

Guilherme Vendramini Marques, CEO, Atros Incorporações, noted,

“Ethos will be extremely important to the growth of Atros’ operations in Rio de Janeiro. We work every day to contribute to a better quality of life for our customers and this partnership is a guarantee that we are going in the right direction. My team and I have a lot of work to do together, following a structured implementation plan ready to be implemented in 2022. “

Mayra Fonseca Couto, Executive Director of Ethos, South America, noted,

“This partnership with such an important real estate player definitely brings regional development with social responsibility, creating new jobs and increasing the quality of life of the population. We thank Atros Incorporações, represented by its CEO Mr. Guilherme Vendramini Marques, for the opportunity to make our first of several investments already prospected in the Brazilian real estate market, which also consolidates our participation in Latin America in various economic sectors. “

About Ethos Asset Management:

Ethos Asset Management (Ethos) is an independent US-based company with a global reach in resource mobilization and project finance.

For more information on Ethos Asset Management, please visit https://www.ethosasset.com/.

About Atros Incorporações:

ATROS INCORPORAÇÕES is a real estate company located in Rio de Janeiro. It develops projects intended mainly for emerging workers (classes C and D) who benefit from the economic expansion induced by oil royalties in the north of the State.

For more information on Atros Incorporações, please visit https://www.atros.com.br

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220106005975/en/

Contacts

Contact of Atros Incorporações:
Guilherme Vendramini Marques, CEO, Atros Incorporações guilherme@monway.com.br

Contact Ethos:
Mayra Fonseca Couto, Executive Director, South America; info@ethosasset.com

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