Brazilian Homebuilder MRV Resia Sells Texas Assets for US$139M

Brazil · Real Estate Key Facts —Assets. The sale covers the Ten Oaks and Rayzor Ranch multifamily developments in Texas. —Price. The combined sale price is US$139 million, backed by a US$12 million non-refundable deposit. —Debt cut. The transaction reduces MRV&CO’s consolidated net debt by 7.5 percent, or roughly US$87 million. —Book loss. The portfolio…