In 2016, UBS Asset Management's Real Estate & Private Markets business initiated its real estate advisory activities in Brazil through UBS Brasil Serviços de Assessoria Financeira Ltda., in an exclusive partnership with REC Gestão de Recursos S.A. We strongly maintain that the real estate market being a local asset class - requires knowledge and networking on the ground in order to seek out investment opportunities and provide our clients with seasoned judgement. And we believe that our commitment to our experienced team of professionals sets us apart from other local companies.