Daniel Sanfelici

Daniel Sanfelici
Universidade Federal Fluminense | UFF · Departamento de Geografia (GGE)

PhD in Human Geography

About

34
Publications
3,392
Reads
How we measure 'reads'
A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. Learn more
230
Citations

Publications

Publications (34)
Article
Full-text available
Existing research has shown that pension funds have been adopting financialized real estate governance models and investment practices more concerned with the short-term risk–return performance of the portfolio. This study of the property portfolios of Brazil’s largest pension funds shows that financialization is a powerful force but does not fully...
Article
Full-text available
Focusing on the growth of Real Estate Investment Trusts in Brazil, the paper explores how financializing policy instruments intertwine financial markets and the urban built environment. It studies the career of REITs and questions the role of financial market capital and actors in urban dynamics. The paper uncovers three processes usually considere...
Article
Full-text available
Financialisation and housing are predominantly associated to mortgages for homeownership and securitisation techniques. This paper looks at how financial markets influence the development industry, its business strategies, and the nature and location of its products. Adopting a supply-side account, the paper inquires into the rising role of financi...
Article
Full-text available
As consultorias imobiliárias internacionais atuam na interface entre atores imobiliários e financeiros e contribuem de modo significativo para a expansão da financeirização da produção urbana em mercados considerados pouco transparentes, mas promissores para investidores institucionais. Elas se constituem como fontes de disseminação de novas prátic...
Book
Full-text available
La presente obra reúne los aportes de un conjunto de autores latinoamericanos acompañados por reconocidos especialistas europeos que exploran los vínculos entre financiarización, sector inmobiliario y producción del espacio urbano desde el análisis del mercado de vivienda, la bursatilización hipotecaria y nuevas formas de titulización en propiedade...
Article
Full-text available
O volume de recursos direcionados para o mercado imobiliário comercial cresceu rapidamente nos últi-mos anos com o advento da financeirização. Neste trabalho, examinamos o processo de financeirização do setor logístico brasileiro, argumentando que ele está relacionado com a atuação de fundos de inves-timento imobiliário. Procuramos mostrar que esse...
Article
Full-text available
Considerando a necessidade de compreender de maneira mais atenta os agentes financeiros e urbanos, neste artigo, examinamos a condição de investidor imobiliário dos fundos de pensão brasileiros. Para tanto, analisamos o portfólio imobiliário dos fundos de pensão brasileiros, reconstituindo as recentes discussões sobre o investimento desse agente em...
Article
Las consultorías inmobiliarias internacionales actúan en la interfaz entre actores inmobiliarios y financieros y contribuyen significativamente a la expansión de la financiarización de la producción urbana en mercados considerados poco transparentes, pero prometedores para inversores institucionales. Se constituyen como fuentes de diseminación de n...
Article
Resenha do livro "From boom to bubble: how finance built the new Chicago", de Rachel Weber.
Article
Full-text available
A diversidade de perspectivas teórico-metodológicas à disposição da análise geográfica na atualidade tem encorajado a disciplina a explorar novas temáticas de pesquisa, bem como colocar as questões e problemas teóricos mais convencionais sob nova ótica. Partindo de um diálogo entre os subcampos da Geografia Política e da Geografia Econômica, o pres...
Chapter
Full-text available
Referência: SANFELICI, D. Investidores financeiros no mercado imobiliário comercial: racionalidades decisórias e repercussões urbanas. In: SERPA, A.; CARLOS, A. F. A. (org.). Geografia Urbana: desafios teóricos contemporâneos. Salvador: EDUFBA, 2018.
Article
Full-text available
Los fondos inmobiliarios han adquirido recientemente más importancia en la inversión inmobiliaria terciaria en Brasil. Este artículo examina el crecimiento de los fondos inmobiliarios atendiendo a dos objetivos: el primero consiste en aclarar el contexto que ha permitido el crecimiento de dichos vehículos; el segundo, examinar las repercusiones ter...
Article
Full-text available
Despite the numerous predictions about the imminent decline in the importance of large cities, they continue to be key hubs of economic development. This articles aims to discuss the economic forces that keep the metropolis at the center of globalization, as well as prospects and limits for political action at the local level. In the first part, th...
Article
Full-text available
IFollowing the recent changes in Brazil's real estate industry, many researches have focused on the economic and socio-spatial effects of the appearence of large, nationally-operating business groups. In discussing the economic forces behind this expansion of a small group of developers, it is common (though implicit) the understanding that the cen...
Article
Full-text available
Discussions regarding the financialization of real estate activity in Brazil are impo verished by the adoption of the US subprime mortgage market as a standard case. The financialization of the real estate market did not advance on the demand side through mortgage lending, but it occurred instead through developers’ closer ties with the stock ex...
Article
Full-text available
Nos últimos dez anos no Brasil, o volume de contratações de financiamento habitacional cresceu rapidamente. Paralelamente a esse crescimento nas contratações, há uma clara tendência ao crescimento na emissão de papéis financeiros com lastro na atividade imobiliária, como Certificados de Recebíveis Imobiliários (CRIs) e cotas de fundos de investimen...
Article
Over the past ten years, the number of mortgage loan originations has grown rapidly in Brazil. At the same time, there is a clear trend toward the issuing of financial instruments backed by property revenues, such as the Certificados de Recebiveis Imobiliarios (CRIs) and shares in real estate investment trusts. Against the backdrop of this growing...
Article
Full-text available
Over the past five to ten years, Brazil’s residential real estate market has experienced a marked expansion both in terms of housing starts and sales. This expansion, which has rapidly transformed Brazilian cities, was spurred by an unprecedented intertwining of the financial markets and the production/consumption of the urban built environment in...
Conference Paper
An unprecedented connection with financial markets has characterized Brazil’s real estate markets in the recent years, as a range of institutional and regulatory reforms have been implemented with the aim of turning the urban built environment into something closer to a financial asset. One side of these developments has been the possibility of sec...
Article
La última crisis económica en Estados Unidos ha despertado un renovado interés por los vínculos entre el sistema de crédito, y la producción y el consumo del ambiente construido urbano en el capitalismo contemporaneo. Este trabajo pretende examinar las transformaciones sufridas por el sistema de fi nanciamiento habitacional en Estados Unidos durant...
Article
Full-text available
The primary objective of this paper is to shed light on some aspects of the production of the metropolitan areas in Brazil, drawing on our research about the socio-spatial restructurings in Porto Alegre. In making use of the notion of urban frontier, we attempted to stress some of the attributes of the interventions of the real estate sector and of...
Article
Esse trabalho visa interpretar as mudanças recentes nas regiões metropolitanas brasileiras acarretadas por megaprojetos de incorporação imobiliária e por uma reestruturação inédita do setor imobiliário no país. O trabalho argumenta que essas mudanças só podem ser compreendidas se pusermos em foco os novos nexos que vêm sendo estabelecidos entre o s...

Network

Cited By