TRX

What TRX does

TRX is a Miami-headquartered, privately-held real estate investment, asset management and development company founded in Brazil in 2007 by Luiz Augusto Faria do Amaral (CEO) and José Alves Neto (COO). It operates a vertically-integrated platform that combines capital markets expertise with in-house development, engineering, construction and facility management, organized across four asset classes — industrial/warehouse (TRX Industrial USA, Logbras), residential (TRX Residential), retail/self-storage (Metrofit JV with Metro Self Storage), and office — plus an infrastructure extension through TRX Infraestrutura targeting port terminals and intermodal logistics in Brazil.

The firm runs multiple investment vehicles including commingled funds, club deals, and separate accounts, with structures commonly domiciled in tax-efficient jurisdictions such as Cayman Islands. Flagship offerings include the TRX Capital Partners Fund (USD 100M target, 13.8% expected IRR, USD 250K minimum, 5-year term) for US real estate exposure and TRX Infraestrutura FIP II (R$250M target) for Brazilian infrastructure. TRX has cumulatively developed, acquired, structured or financed 57 projects totaling more than 15 million sq ft of gross leasable area, manages over USD 2.0 billion of assets globally (R$5.2 billion in Brazil), and serves more than 14,000 investors.

The business model generates revenue through three streams: (1) recurring fund management fees from equity and debt funds, (2) transaction and development management fees from build-to-suit and sale-leaseback deals, and (3) asset management fees on stabilized portfolios. Its go-to-market is enterprise field sales directed at Brazilian private banking clients, wealth managers (gestoras de património), and institutional investors, supplemented by exclusive investor events, IR communications, and partnerships with local operators in each US geography. The customer base skews toward Brazilian high-net-worth individuals seeking US real estate diversification, with institutional and corporate tenant exposure on the operating side.

Name

TRX

Legal name

TRX Investments

Website

https://trxinvestments.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

101–250 employees

Short description

TRX is a Miami- and São Paulo-based, vertically-integrated real estate investment and development firm managing USD 2.0+ billion in assets across industrial, residential, self-storage, office and infrastructure, serving more than 14,000 mostly Brazilian high-net-worth investors through commingled funds, separate accounts and club deals.

Ownership category

akta.pro rank

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Fund Management Fees: TRX generates revenue through management fees from managing real estate funds including equity funds and debt funds for institutional and retail investors in Brazil and the US market.
2. Development and Asset Management: Revenue generated from development, acquisition, and asset management of industrial, warehouse, residential, retail, and office real estate assets across Brazil and the US.
3. Build-to-Suit and Sale-Leaseback Transactions: Customized space solutions for corporate clients through build-to-suit and sale-leaseback structures.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

TRX is a US-based fund, asset management, and development management company that invests in, develops, and manages real estate across industrial/warehouse, residential, retail (self-storage), and office sectors in the US and Brazil. It offers investors access to these opportunities via commingled funds (e.g., TRX Capital Partners Fund), club deals, and bespoke separate accounts, while simultaneously operating a vertically-integrated platform that handles origination, construction, build-to-suit, sale-leaseback, and asset management.

Product overview

TRX is a multi-sector real estate asset and development company operating as a fund, asset management, and development management firm. The company offers investment vehicles including Commingled Funds, Club Deals, and Separate Accounts, with management structures spanning Direct Principal and Co-sponsor Partnerships. TRX operates across four main sectors: warehouse (including TRX Industrial USA and TRX Modular logistics condominiums), residential (TRX Residential), retail (self-storage via Metro Self Storage partnership), and office. The company manages over $2.0 billion in assets, has developed over 15 million square feet of gross leasable area, and serves more than 14,000 investors. TRX also offers specialized services through TRX Facility Management for facility operations and TRX Infraestrutura for infrastructure investments in ports and intermodal terminals.

Differentiator

Problem solved

Functional benefit

Brands

• Metrofit: Self-storage brand operating in Brazil under joint venture
• TRX Doral 1
• TRX Capital Partners Fund

Products and services

• TRX Capital Partners Fund A diversified real estate investment fund with hedging against economic downturns, structured through the Cayman Islands for tax efficiency. It targets Brazilian private banking clients and asset managers seeking institutional-quality US real estate exposure with a target AUM of USD 100 million, expected IRR of 13.8% per annum, 5-year term and minimum investment of USD 250,000.
• TRX Industrial USA US-based industrial and warehouse real estate investment subsidiary of TRX Investments, covering commercial warehouses, master-planned logistics parks, build-to-suit facilities, and sale-leaseback transactions for institutional and high-net-worth investors seeking US industrial exposure.
• TRX Residential US residential real estate investment subsidiary of TRX Investments covering multi-family assets, single family homes for rental, luxury condominiums, and mixed-use residential developments for residential real estate investors.
• TRX Infraestrutura Infrastructure investment unit focused on Brazilian port terminals, intermodal terminals, and logistics infrastructure. Manages projects including terminals for liquids, grains, fertilizers, and multi-cargo operations in Pará and Paraná states.
• TRX Facility Management Facility management services providing integrated process planning, operations, productivity optimization, and cost reduction for commercial and institutional clients. Headquartered in São Paulo as a business unit of TRX Group.
• Commingled Funds Investment vehicles targeted to international investors, providing maximum tax efficiency and diversification for non-US investors interested in US real estate opportunities. Structured via Cayman Islands for tax efficiency.
• Club Deals Investment structures designed for like-minded investors, typically used for very large single asset transactions where TRX provides an investment structure for participants.
• Separate Accounts Tailor-made investment solutions reflecting individual investor risk-return profiles, providing tax-efficient structures for investors with highly specialized needs.
• TRX Doral 1 TRX's first US asset acquisition — a 14-module industrial/logistics condominium in Miami, Florida, located near Miami International Airport and PortMiami, with approximately 20,000 sq m of area and 9.14m clear height. US$26 million development.
• TRX Piracicaba First closed triple A logistics condominium in the Piracicaba region of Brazil. Total area of 68,072.64 m² with capacity for 24 companies and R$100 million investment.
• TRX Guarulhos Triple A logistics condominium near Guarulhos International Airport (GRU) in Brazil, featuring LED lighting technology. Total gross leasable area of 95,348.33 m² with capacity for up to 33 companies and R$210 million investment.
• Build-to-Suit and Sale-Leaseback Transactions Customized space solutions for corporate clients through build-to-suit and sale-leaseback structures across industrial, warehouse, retail, residential, and office sectors. First sale-and-leaseback transaction executed in 2010.

Quantifiable outcome

• Expected IRR of 13.8% per annum for TRX Capital Partners Fund
• +3 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• Metro Self StoragecoreStrategic or Co-development PartnerTRX partnered with Metro Self Storage for self-storage developments in Brazil and the United States. Metro Self Storage provides operational management expertise for self-storage stores, combining aspects of retail stores, hotels, and warehouses for proactive revenue generation and tenant management.
• Local Operators and Service ProviderscoreStrategic or Co-development PartnerTRX has strategic alliances with experienced local operators and service providers to provide best-in-class execution and performance as well as geographic diversification to investors.

Scale indicators8 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Brookfield Asset Management: Global alternative asset manager with a large real estate platform operating across multiple asset classes and geographies. Comparable to TRX as a diversified, vertically involved real estate investment and development manager, though at vastly greater scale.
• Patria Investimentos: Major Brazilian alternative asset manager with real estate, infrastructure, and private equity strategies. Highly comparable to TRX in terms of Brazilian LP distribution and the use of listed and private real estate funds.
• Vinci Partners: Brazilian alternative asset manager with significant real estate and infrastructure funds. Closest direct comparable on the Brazilian side given overlapping LP base, multi-strategy real assets platform, and cross-border structuring expertise.
• BTG Pactual: Large Brazilian financial institution with a real estate funds and investment platform. Comparable given its distribution to Brazilian private banking clients and ability to underwrite cross-border real estate exposures.
• Crow Holdings: US-based industrial/logistics real estate developer and investment manager with a vertically integrated platform. Closest US-side comparable to TRX Industrial USA in terms of strategy, asset class focus, and integrated development-plus-fund model.

Broad incumbents

• Jones Lang LaSalle (JLL): Global real estate services and investment management firm with capital markets, asset management, and project development capabilities. Comparable as a broad incumbent offering overlapping capabilities to TRX's investment management and development advisory functions.
• Rexford Industrial Realty: US industrial REIT focused on Southern California infill logistics. Comparable asset class (last-mile industrial) and similar target tenant base to TRX Industrial USA's portfolio, though at much larger scale and as a public REIT.
• Public Storage: Largest US self-storage REIT, directly relevant given TRX's strategic self-storage partnership with Metro Self Storage. Comparable as the dominant incumbent setting rents and operating standards in the asset class TRX is developing.
• Prologis: Global industrial REIT and logistics real estate investor with significant scale in the same asset class as TRX's industrial/warehouse portfolio. Relevant as the dominant incumbent whose cap rates and rents set benchmarks for TRX's logistics deals.

Regional players

• Cyrela Brazil Realty: One of Brazil's largest residential and commercial real estate developers, focused on the Brazilian market. Comparable in development execution capability, though primarily a principal developer rather than a fund/asset manager.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TRX