Even

What Even does

Even Construtora e Incorporadora S/A (bvmf:EVEN3) is one of Brazil's largest vertically integrated real estate developers and builders, headquartered in São Paulo with 40+ years of operating history, 1,001-5,000 employees, and a cumulative track record of 4.5+ million m² constructed, 250+ delivered developments, and 45,000+ units delivered across more than 27 industry awards. The company executes all stages of property development internally, from land acquisition through construction and delivery, with a focus on high-end and ultra-high-end residential and commercial properties concentrated in São Paulo's West and South regions (Itaim Bibi, Brooklin, Vila Madalena, Ibirapuera, Moema, Alto de Pinheiros), and an expanding footprint in Rio de Janeiro, Rio Grande do Sul, Minas Gerais, and Campinas.

The product portfolio spans standard residential developments (Renato 410, São Paulo Bay, Casa Alto de Pinheiros, Esther, Casa Madalena, Mairin, Arizona 1002, Casa Sabiá, Joaquim), an ultra-luxury branded residence in partnership with Faena Group LLC and managed by Accor Hotels (Faena São Paulo), a compact-unit line targeting solo buyers and investors (Go, Modo Pompeia, Modo Ipiranga, Modo Butantã), and a commercial office line (Airport Offices, Haddock Offices, Hub Perdizes). Even monetizes through one-time residential and commercial property sales with revenue recognized on delivery, complemented by the Excluseven personalization studio (professional services revenue from unit customization) and recurring smart home concierge services. Distribution combines direct sales galleries, an in-house brokerage (Evenmob Consultoria de Imóveis Ltda., CRECI J-20242), a national network of registered broker partners, and digital channels including a Broker Portal, Client Portal, virtual tours, and WhatsApp/online chat.

The business model is asset-heavy and transaction-driven, with cycle exposure to São Paulo luxury residential demand. Strategic differentiators include brand reputation, vertical integration, architectural partnerships (Brandon Haw, Gui Mattos, Jonas Birger, Hanazaki, João Armentano, Peter Mikic), ESG positioning as a sustainability pioneer, and the Excluseven personalization layer. Co-development partnerships with Paulo Mauro Construções (Arizona 1002) and Melnick (Casa Madalena), plus the Faena/Accor alliance, point to an active external-collaboration posture. Customer segments span high-net-worth individuals (primary), solo/couple buyers (secondary), real estate investors (secondary), and small business/professional office buyers (secondary), with no disclosed institutional anchor accounts.

Name

Even

Legal name

Even Construtora e Incorporadora S/A

Website

https://even.com.br

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Even Construtora e Incorporadora S/A (bvmf:EVEN3) is a vertically integrated Brazilian real estate developer that builds and sells high-end and ultra-high-end residential and commercial properties, primarily in São Paulo's West and South regions, serving high-net-worth individuals, investors, and SMEs.

Ownership category

akta.pro rank

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Residential property sales: Even generates revenue through the sale of high-end and ultra-high-end residential apartments and commercial spaces. Revenue is realized upon property delivery and transfer to buyers, with sales tracked from launch through completion.
2. Customization / Excluseven: The Excluseven studio offers customization services for delivered units, allowing buyers to personalize finishes, fixtures, built-in furniture, and finishing work before move-in. This adds incremental revenue to the core property sale.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

Even is a vertically integrated Brazilian real estate developer and builder that develops, constructs, and sells high-end and ultra-high-end residential and commercial properties primarily in the West and South regions of São Paulo. The company executes all stages of property development internally, from land acquisition through construction and delivery, and additionally offers property personalization services through its Studio Excluseven and smart home amenities in select condominiums.

Product overview

Even is one of Brazil's largest real estate developers and builders, operating with a vertically integrated model that executes all stages of property development. The company specializes in high and ultra-high standard residential and commercial properties in the West and South regions of São Paulo, with operations also in Rio de Janeiro, Minas Gerais, and Rio Grande do Sul. The product portfolio includes standard residential developments (Renato 410, São Paulo Bay, Casa Alto de Pinheiros, Esther, Casa Madalena, Mairin, Arizona 1002, Casa Sabiá, Joaquim), ultra-luxury branded developments (Faena São Paulo with Accor management), a property personalization service (Studio Excluseven), smart home services, and digital platforms for brokers and clients. The company has delivered over 250 developments, 45,000+ units, and 4.5 million m² built in over 40 years.

Differentiator

Problem solved

Functional benefit

Brands

• Excluseven: Studio Excluseven is the company's property personalization and customization service, allowing buyers to customize their apartments with architectural assistance, finishes, built-in furniture, and other personalization options before delivery.

Products and services

• Renato 410 High-standard residential development in Itaim Bibi, São Paulo, with 3-5 suites plus office space, clay tennis court, comprehensive leisure amenities including covered 25m lane pool, fitness center, and landscaped design. Targeted at premium buyers.
• São Paulo Bay Residential complex in Cidade Jardim with 3-4 suites, club-style leisure amenities, wellness space, and contemporary design inspired by beach lifestyle with organic forms and natural materials.
• Casa Alto de Pinheiros Residential development in Alto de Pinheiros featuring 4 suites plus exclusive office, smart home technology, beach tennis court, proximity to Villa-Lobos Park, and sustainable design with LED lighting and rainwater harvesting.
• Esther Residential development in Ibirapuera with 3-4 suites plus exclusive office. Features tennis court, pool with lounge, functional gym with integrated terrace, spa, gourmet party hall, and children's play area with covered terrace.
• Casa Madalena Residential development in Vila Madalena with 4 suites plus exclusive office. Located at one of the highest points in São Paulo with spectacular views, featuring tennis court, SPA, pet space, safe storage, and integration with commercial spaces on the ground floor.
• Mairin Home Resort residential development in Ibirapuera with 4 bedrooms. Features covered pool with 25m lane, tennis court, double massage room, safe storage, coworking space, recreational court, spa lounge, and electric car charging infrastructure.
• Arizona 1002 Residential development in Brooklin with 4 bedrooms and 4 suites. Features clay tennis court, sophisticated leisure areas, party hall with terrace, games court, square, sports advisory services, internal messenger, and safe storage.
• Casa Sabiá Residential development in Moema with 3 suites. Located 5 minutes from Ibirapuera Park, features tennis court, adult pool, party hall with integrated terrace, and contemporary architecture.
• Joaquim Residential development in Brooklin with 4 bedrooms. Features games court, sports court, minimarket, sports advisory services, and design with contemporary diagonals and noble materials.
• Faena São Paulo International luxury residences with hotel and Art Center in Pinheiros, São Paulo. Apartments from 286 to 1,024 m² featuring services managed by Accor, concierge, exclusive Faena experiences, 2 tennis courts, beach tennis, pools, gym, and collaboration with international architects.
• Studio Excluseven Studio for customizing apartments before delivery. Phase 1 includes plant options and finish selections; Phase 2 offers built-in furniture, flooring, ceiling, lighting, box, mirrors, decorative coatings, and air conditioning installation coordinated by a specialized team.
• Commercial Real Estate Units Commercial office and retail units for sale across São Paulo business corridors, including Airport Offices (38-40m²), Haddock Offices (39-52m²), and Hub Perdizes (27-40m²). Targeted at small and medium enterprises and professional practices.

Quantifiable outcome

• 4.5+ million m² constructed
• +2 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

Feature1 record

Partnerships

Four partnerships are on record, tiered core and minor.

• Accor HotelscoreStrategic or Co-development PartnerAccor Hotels, with more than 60 years of history and operations in 110+ countries, provides hotel management services for the Faena São Paulo project, which includes hotel residences. The partnership combines Even's real estate development expertise with Accor's global hospitality quality standards, managed by Accor Brasil.
• Faena Group LLCcoreOEM/ Whitelabel/ Licensing PartnerFaena Group LLC, founded by Alan Faena and known for luxury lifestyle destinations in Miami and Buenos Aires, licenses the Faena brand for the Faena São Paulo project. The project represents Faena's entry into the Brazilian market, bringing international luxury lifestyle, art, and culture concepts to São Paulo.
• Paulo Mauro ConstruçõescoreStrategic or Co-development PartnerPaulo Mauro Construções, operating in São Paulo for over 69 years with 146+ developments and 2.85 million m² built, is a co-developer for the Arizona 1002 project. The partnership brings complementary development expertise and regional track record to the project.
• MelnickminorStrategic or Co-development PartnerMelnick, a major real estate developer from Rio Grande do Sul with 52 years of history (originating from Melco, founded in 1970), is a development partner for the Casa Madalena project. The partnership leverages Melnick's expertise in high-end residential development.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Regional players

• Moura Dubeux: Premium residential developer concentrated in Brazil's Northeast (Ceará/Pernambuco); comparable business model and price tier but different geography from Even.

Direct peers

• Trisul: São Paulo-based residential developer competing in the same West and South districts as Even, with overlap in mid-to-upper segment product launches.
• EZTec: São Paulo-headquartered residential developer with a clear premium-segment focus and vertically integrated execution — competes head-to-head with Even for high-end land and buyers in the same regions.
• Gafisa: Long-established Brazilian residential developer with a presence across price tiers including the high-end São Paulo market where Even operates.
• JHSF: Brazilian developer specializing in luxury residential, hospitality, and retail developments — most directly comparable to Even on the Faena-style luxury/branded-residential thesis.
• Mitre Realty: Brazilian residential developer operating primarily in São Paulo with a similar mid-and-upper segment product profile to Even.
• Tecnisa: São Paulo-listed residential developer focused on mid-to-upper segment developments in the same metropolitan footprint as Even.
• Cyrela Brazil Realty: One of Brazil's largest residential developers with a strong premium and high-end focus in São Paulo; competes directly with Even for HNWI buyers in overlapping districts.
• Paulo Mauro Construções: São Paulo residential developer co-developing the Arizona 1002 project with Even; comparable premium São Paulo product and vertical construction model.

Broad incumbents

• MRV Engenharia: Brazil's largest residential developer by volume; comparable to Even on business model (incorporação) but focused on lower-income segments (Minha Casa Minha Vida) rather than premium.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=8a3yERbjh8s
• Xx.com/evenconstrutora
• Facebookfacebook.com/evenconstrutora
• LinkedInlinkedin.com/company/even

Revenue estimate

Valuation estimate

Number of profiles

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 Even