<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1405-8421</journal-id>
<journal-title><![CDATA[Economía, sociedad y territorio]]></journal-title>
<abbrev-journal-title><![CDATA[Econ. soc. territ]]></abbrev-journal-title>
<issn>1405-8421</issn>
<publisher>
<publisher-name><![CDATA[El Colegio Mexiquense A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1405-84212017000200367</article-id>
<article-id pub-id-type="doi">10.22136/est002017685</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[La industria financiera y los fondos inmobiliarios en Brasil: lógicas de inversión y dinámicas territoriales]]></article-title>
<article-title xml:lang="en"><![CDATA[The financial industry and the real estate trusts in Brazil: investment logics and territorial dynamics]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Sanfelici]]></surname>
<given-names><![CDATA[Daniel]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Federal Fluminense  ]]></institution>
<addr-line><![CDATA[Rio de Janeiro ]]></addr-line>
<country>Brasil</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>08</month>
<year>2017</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>08</month>
<year>2017</year>
</pub-date>
<volume>17</volume>
<numero>54</numero>
<fpage>367</fpage>
<lpage>397</lpage>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1405-84212017000200367&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1405-84212017000200367&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1405-84212017000200367&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen: 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 territoriales de las decisiones de inversión. Como conclusión, se sostiene que la lógica financiera que orienta la creación de los fondos inmobiliarios explica, por una parte, la inestabilidad que ha caracterizado el ciclo de ascensión de esos vehículos y, por otra, la concentración territorial de sus inversiones.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract: Real estate investment trusts (REITs) recently gained prominence in commercial real estate investment in Brazil. This paper looks into REITs&#8217; growth with two basic aims. First, the regulatory and economic context that enabled their growth is explored. Second, the territorial implications of their investment decisions is considered. The paper&#8217;s key finding is that the financial logic that underlies the creation of REITs explains, on the one hand, the instability that beset their growth cycle and, on the other, the territorial concentration of their investments.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[fondos de inversión inmobiliaria]]></kwd>
<kwd lng="es"><![CDATA[mercado financiero]]></kwd>
<kwd lng="es"><![CDATA[espacio urbano]]></kwd>
<kwd lng="es"><![CDATA[financiarización]]></kwd>
<kwd lng="es"><![CDATA[Brasil]]></kwd>
<kwd lng="en"><![CDATA[real estate investment trusts]]></kwd>
<kwd lng="en"><![CDATA[financial markets]]></kwd>
<kwd lng="en"><![CDATA[urban space]]></kwd>
<kwd lng="en"><![CDATA[financialization]]></kwd>
<kwd lng="en"><![CDATA[Brazil]]></kwd>
</kwd-group>
</article-meta>
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