BPG IV Multifamily Fundo de Investimento em Participações Multiestratégia fund managed by Brookfield Asset Management Inc. (TSX:BAM.A) agreed to acquire Projects Developed By Luggo from MRV Engenharia e Participações S.A. (BOVESPA:MRVE3) for BRL1.3 billion on December 29, 2021. The aforementioned agreement oversees the acquisition of approximately 5,100 units, valued at an estimated PSV (Potential Sales Value) of BRL 1.26 billion, divided up into the following stages STAGE 1: Includes the developments already bearing construction permits, with target rental price in final stages of negotiation and cap rates agreed upon by both parties (1,842 units and estimated PSV of BRL 453 million). • STAGE 2: Includes developments with construction permits pending (to be issued in December 2022), with rental price to be agreed upon and set cap rate already determined by both parties (2,550 units and estimated PSV of BRL 630 million). • STAGE 3: Includes property slated for the construction of Luggo developments, with construction permits to be obtained after 2022, in addition to rental price and cap rate to be agreed upon by both parties (approximately 710 units and an estimated PSV of BRL175 million).

The real acquisition of the properties will take place upon the construction completion and the issue of the certificate of occupancy (CO) for each property, upon which payment will take place and the asset will be transferred over. After each sale, Luggo will remain on as the property administrator. On December 29, 2021, the first sale of projects was carried out in STAGE 1, the sale of Luggo Cabral and Luggo Piqueri, located in Contagem/MG and Sao Paulo/SP, respectively, at a Potential Sales Value (PSV) of BRL 106 million.