MRV&CO (MRVE3), Brazil's largest homebuilder, has reduced its consolidated net debt by US$87 million, an equivalent drop of 7.5%, after finalizing the sale of two legacy U.S. residential projects from its subsidiary Resia for US$139 million (R$716 million). The transaction, which saw the company sell the Ten Oaks and Rayzor Ranch developments in Texas, is a significant milestone in the group’s strategic deleveraging plan, first announced in December 2024, that aims to reduce risk from its North American exposure. Investors reacted positively to the news, with MRVE3 shares seeing a spike of 4.71% to R$4.67 on the day the sale was disclosed, while the broader Ibovespa (IBOV) recorded a gain of 0.70% today to 176,564.75.