ريال برازيلي
In May 2014, BR Properties, a Brazilian real estate investment firm, confirmed it was negotiating a sale of its assets with Klein. In July 2014, Grupo CB, the Klein family's holding company chaired by Michael Klein, purchased a real estate fund from BR Properties for R$606.65 million. The fund includes 26 C&amp;A stores, a Brooksfield store, a Sendas store, a call centre, and offices on Paulista Avenue in downtown São Paulo, totaling 118,000 square meters of commercial space.