JHSF Participacaoes is one of the oldest and most famous real estate development firms in the country of Brazil. Founded in 1972, by Fabio Auriemo, the firm has been responsible for building some of the largest and most noteworthy architectural marvels of the country. These have included airports, luxury shopping centers and some of the most recognizable luxury residential condominiums in South America. It has been instrumental in the development of Brazil into a first-world destination for tourists and the global elite.
Auriemo led the company through the 70s, 80s and 90s, growing it into Brazil’s unquestioned heavyweight champion of real estate development. In 1993, Fabio Auriemo’s son, Jose AuriemoNeto, began working at the firm. He rose through the ranks, working a series of managerial positions and developing his leadership skills and vision for the company. In 2001, Fabio Auriemo stepped aside, taking his long overdue retirement. From that moment on, AuriemoNeto assumed the reins of the firm, leading the company on to become one of the largest and most profitable real estate development firms, not only in Brazil but also in all of Latin America. Today, JHSF Participacaoes has a presence in three countries, including the United States. It also has a portfolio of hundreds of properties in cities from Rio De Janeiro to Salvador.
Throughout the 2000, AuriemoNeto oversaw a period of massive growth in the company and its prospects. In 2007, he decided to take the company public. The initial public offering, the largest of its kind in the real estate luxury sector in Brazil, generated more than $100 million. Although that sounds like a lot of money now, AuriemoNeto was able to increase the company’s market capitalization more than tenfold, leading to a current valuation of well over $1 billion. This remarkable growth took place in under a decade, making AuriemoNeto one of the most successful real estate CEOs in Brazilian history.
Today, the firm has dozens of projects in development and is operating its luxury condominium, office space and shopping space portfolio. AuriemoNeto believes the Brazil’s future is brighter than ever. Click here to know more.