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Recurring Default by Single Tenant Hits Brazil's TRCO11 FII, Signaling Heightened Counterparty Risk

Brazil's TRCO11 Real Estate Fund faces a second consecutive rent default from its main tenant, BM Varejo, highlighting systemic counterparty risk.

By Diane Cole

Published
Recurring Default by Single Tenant Hits Brazil's TRCO11 FII, Signaling Heightened Counterparty Risk
Illustration — BRZ.news

Brazil's TRCO11 Real Estate Fund faces a second consecutive rent default from its main tenant, BM Varejo, highlighting systemic counterparty risk.

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