As one of Brazil’s most successful real estate development firms, JHSF Participacaoes has grown from little more than a family office into one of the most prominent real estate development companies in all of Latin America. It has developed some of the most important projects in Brazil, including major airports, high-rise condominium complexes as well as some of the country’s most luxurious shopping centers. The company has been an instrumental part in Brazil’s incredible development over the last 40 years. Today, the company stands as the undisputed champion of the Brazilian real estate development game. If the past is any guide, it will continue to be a major player in the real estate development space, for decades to come.
One of the seminal events in the company’s history was when it was taken over by Jose AuriemoNeto from his dad, Fabio Auriemo. Fabio Auriemo had built the firm from the ground up, going from a small company with virtually no employees to one of the largest real estate development firms in Brazil. Many wondered if AuriemoNeto would be able to fill his father’s shoes and lead the company in a way that would ensure continued growth. They didn’t have to wait for long. AuriemoNeto’s tenure proved to be, by far, the most lucrative period in the company’s history.
In 2007, AuriemoNeto decided to take the company public. The initial public offering was one of the largest of its kind, breaking all prior records for real estate development firms going public on Bovespa, the Brazilian stock market. Raising over $100 million, the IPO allowed AuriemoNeto more working capital than he had ever had at his disposal before. He quickly put it to excellent use, making a string of strategic acquisitions, including the entire Fasano hotel chain in 2014.
The latter acquisition has given JHSF Participacaoes an international presence. As one of the premier operators of luxury hotel in Brazil today, as well as many properties across the globe, the Fasano hotel chain is a perfect fit for the company that has such an indelible reputation for producing the most luxurious real estate in Brazil.