- Business
- Rossi Residencial S.A. (B3: RSID3), em Recuperação Judicial, founded in 1980 and headquartered in São Paulo, Brazil, engages in the construction, development, and sale of residential properties, land subdivisions, and commercial land across Brazil, primarily in states including São Paulo, Minas Gerais, and Rio Grande do Sul; the company offers real estate marketing services, civil engineering services, and ready-to-occupy residential and commercial properties through its own operations, subsidiaries, and participation in special purpose entities and consortiums targeting middle and low-income segments with projects featuring infrastructure such as landscaping, parks, and community facilities. Rossi Residencial operates in the residential construction and real estate development sector, serving individual homebuyers and investors with a portfolio emphasizing apartment buildings, housing plots, and urban developments delivered nationwide from regional offices. In recent developments, the company entered judicial recovery proceedings in September 2022, with its plan approved in November 2023 and homologated in December 2023, ongoing as of 2025 with monthly activity reports filed through September and a recent material fact disclosed on December 4, 2025; it reported 3Q24 results on November 13, 2024, alongside 1Q24 operational improvements including 109% higher cash inflows, 38% gross sales growth, and full resale of 2023 canceled units, while facing a 2025 arbitral procedure with a liminar decision suspending certain statutory effects and CVM interruptions.