{"id":5293,"date":"2022-09-30T15:44:22","date_gmt":"2022-09-30T18:44:22","guid":{"rendered":"https:\/\/artica.capital\/clairfield-pilulas\/fundo-de-investimento-imobiliario-fii\/"},"modified":"2026-09-29T15:20:42","modified_gmt":"2026-09-29T18:20:42","slug":"fundo-de-investimento-imobiliario-fii","status":"publish","type":"pilulas","link":"https:\/\/artica.capital\/en\/clairfield-pilulas\/fundo-de-investimento-imobiliario-fii\/","title":{"rendered":"Real Estate Investment Fund \u2013 FII"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">O n\u00famero de investidores de Fundo imobili\u00e1rio &#8211; FII cresceu mais de 1000% desde 2017 e s\u00e3o representados, principalmente, por pessoas f\u00edsicas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Este aumento expressivo de participantes, ao longo dos anos, elevou o volume de negocia\u00e7\u00e3o e destacou o crescimento do mercado de FII no Brasil.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Os fundos de investimento imobili\u00e1rio s\u00e3o destinados a aplica\u00e7\u00e3o em ativos relacionados ao mercado imobili\u00e1rio, tanto via im\u00f3veis (conhecidos como fundos de tijolos), quanto via t\u00edtulos e valores mobili\u00e1rios (fundos de papel).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Assim, esse crescimento de investidores e negocia\u00e7\u00f5es no setor tende a ser um indicativo importante para o empres\u00e1rio, dado que os fundos de papel s\u00e3o um bolso relevante para a aquisi\u00e7\u00e3o de Certificado de Receb\u00edveis Imobili\u00e1rios (CRI), instrumento comumente utilizado na capta\u00e7\u00e3o de recursos com destina\u00e7\u00e3o imobili\u00e1ria por empresas por conta de seu benef\u00edcio tribut\u00e1rio a estas via isen\u00e7\u00e3o de IOF.<\/p>\n\n\n\n<!-- pilula-html v1 -->\n<style>\n.pil{--navy:#2d3a51;--blue:#4f6388;--light:#8599b9;--pale:#e8ebf1;--card:#d3d9e3;--red:#c0272d;--txt:#333;font-family:\"Merriweather Sans\",sans-serif;color:var(--txt);margin-top:40px}\n.pil *{box-sizing:border-box}\n.pil img{max-width:100%;height:auto;display:block}\n.pil-sec{margin:0 0 56px}\n.pil-sec h2{background:var(--navy);color:#fff;font-size:19px;line-height:1.35;font-weight:700;padding:16px 20px;border-radius:0 0 28px 0;margin:0 0 20px;text-wrap:balance}\n.pil-sub{font-size:14px;font-weight:700;color:var(--navy);border-bottom:2px solid var(--navy);padding-bottom:6px;margin:0 0 16px;display:flex;justify-content:space-between;gap:12px;align-items:flex-end}\n.pil-tag{color:var(--red);border-top:2px solid var(--red);border-bottom:2px solid var(--red);font-size:12px;padding:2px 8px;white-space:nowrap}\n.pil-unit{font-size:12px;font-style:italic;color:#999;font-weight:700}\n.pil-src{font-size:11px;color:#777;margin-top:14px;line-height:1.5}\n.pil-p{font-size:14px;line-height:1.6;margin:0 0 12px}\n.pil-note{display:flex;gap:12px;align-items:center;background:var(--pale);border:1.5px dashed var(--navy);border-radius:10px;padding:12px 16px;font-size:14px;line-height:1.55;margin-top:18px}\n.pil-note::before{content:\"\";flex:none;width:26px;height:26px;border-radius:50%;background:var(--navy) url(\"data:image\/svg+xml,%3Csvg xmlns='http:\/\/www.w3.org\/2000\/svg' viewBox='0 0 24 24' fill='none' stroke='white' stroke-width='1.8' stroke-linecap='round'%3E%3Cpath d='M9 18h6M10 21h4M12 3a6 6 0 0 0-3.5 10.9c.6.5 1 1.2 1 2.1h5c0-.9.4-1.6 1-2.1A6 6 0 0 0 12 3z'\/%3E%3C\/svg%3E\") center\/16px no-repeat}\n.pil-note.solid{border-style:solid;background:#fff;box-shadow:0 2px 6px rgba(0,0,0,.12)}\n.pil-note.solid::before{display:none}\n.pil-grid2{display:grid;grid-template-columns:1fr 1fr;gap:24px}\n.pil-grid2.wide-left{grid-template-columns:1.75fr 1fr}\n.pil-grid2.wide-right{grid-template-columns:1fr 1.75fr}\n.pil-grid3{display:grid;grid-template-columns:repeat(3,1fr);gap:20px}\n.pil-grid4{display:grid;grid-template-columns:repeat(4,1fr);gap:16px}\n.pil-grid5{display:grid;grid-template-columns:repeat(5,1fr);gap:12px}\n.pil-grid2>*,.pil-grid3>*,.pil-grid4>*,.pil-grid5>*{min-width:0}\n.pil-legend{font-size:12px;display:flex;gap:14px;justify-content:flex-end;flex-wrap:wrap;margin-bottom:6px}\n.pil-legend span{display:inline-flex;align-items:center;gap:6px}\n.pil-legend i{width:14px;height:10px;display:inline-block}\n\/* grafico de colunas: .pil-bars > div[style=height:%] > span (valor); .pil-years > span *\/\n.pil-bars{display:flex;align-items:flex-end;gap:2.2%;height:240px;border-bottom:1.5px solid #333;padding:22px 1% 0}\n.pil-bars>div{flex:1;background:var(--light);position:relative;min-height:1px}\n.pil-bars>div.e{background:var(--blue)}\n.pil-bars>div.cur{background:var(--navy)}\n.pil-bars>div>span{position:absolute;top:-19px;left:50%;transform:translateX(-50%);font-size:12px;white-space:nowrap}\n.pil-years{display:flex;gap:2.2%;padding:4px 1% 0;font-size:11px;text-align:center}\n.pil-years span{flex:1}\n.pil-cagr{text-align:center;font-size:12px;font-weight:700}\n.pil-cagr span{display:inline-block;border:1.5px solid #222;border-radius:50%;padding:2px 8px;margin-top:4px}\n\/* barras horizontais: .pil-hbars > .r > (b nome) (.bar > i[style=width:%]) (em valor) *\/\n.pil-hbars{display:grid;gap:8px;font-size:13px}\n.pil-hbars .r{display:grid;grid-template-columns:minmax(90px,30%) 1fr auto;gap:10px;align-items:center}\n.pil-hbars .bar{background:var(--pale);height:18px}\n.pil-hbars .bar i{display:block;height:100%;background:var(--blue)}\n.pil-hbars em{font-style:normal;font-weight:700;color:var(--navy);min-width:48px;text-align:right}\n\/* cartoes de numeros *\/\n.pil-box{border:2px solid var(--navy);border-radius:0 0 10px 10px;background:#fff}\n.pil-box>h3{margin:0;background:var(--navy);color:#fff;font-size:14px;text-align:center;padding:8px}\n.pil-stat{text-align:center;padding:16px 14px;font-size:13px;line-height:1.45}\n.pil-stat strong{display:block;font-size:40px;color:var(--blue);font-weight:800;line-height:1.1}\n.pil-stat strong small{font-size:22px}\n.pil-stat em{font-style:normal;color:var(--blue);font-weight:700}\n.pil-card{background:#fff;border-radius:12px;box-shadow:0 1px 5px rgba(0,0,0,.14);padding:14px 16px;font-size:13px;line-height:1.5}\n.pil-card h3{font-size:15px;color:var(--navy);margin:0 0 8px}\n.pil-card.tint{background:var(--card);box-shadow:none}\n\/* listas e fatos *\/\n.pil-list{margin:0;padding-left:18px;font-size:14px;line-height:1.6}\n.pil-list li{margin-bottom:6px}\n.pil-fact{font-size:14px;line-height:1.5;padding-left:14px;border-left:3px solid var(--light)}\n.pil-fact.dark{border-color:var(--navy)}\n.pil-fact b{color:var(--navy)}\n.pil-fact big{font-size:20px;font-weight:800;color:var(--navy)}\n.pil-hl{color:var(--blue);font-weight:700}\n\/* tabela *\/\n.pil-tw{overflow-x:auto}\n.pil-table{width:100%;border-collapse:collapse;font-size:13px}\n.pil-table th{background:var(--navy);color:#fff;text-align:left;padding:8px 10px;font-weight:700}\n.pil-table td{padding:7px 10px;border-bottom:1px solid #d8dce4;vertical-align:top}\n.pil-table tr:nth-child(even) td{background:#f5f6f9}\n.pil-table .n{text-align:right;font-variant-numeric:tabular-nums;white-space:nowrap}\n\/* linha do tempo *\/\n.pil-time{display:grid;gap:14px;border-left:2px dashed var(--light);padding-left:18px;margin-left:6px}\n.pil-time>div{position:relative;font-size:14px;line-height:1.5}\n.pil-time>div::before{content:\"\";position:absolute;left:-25px;top:5px;width:12px;height:12px;border-radius:50%;background:var(--navy)}\n.pil-time b.y{display:block;color:var(--light);font-size:16px;font-weight:800}\n\/* figuras (recortes do slide) *\/\n.pil-fig{margin:0}\n.pil-fig figcaption{text-align:center;font-weight:800;color:var(--light);font-size:16px;margin-top:4px}\n.pil-brand{background:var(--card);border-radius:14px;overflow:hidden}\n.pil-brand p{margin:0;text-align:center;font-size:20px;font-weight:800;font-style:italic;color:var(--navy);padding:10px 0 12px}\n@media (max-width:700px){\n  .pil-grid2,.pil-grid2.wide-left,.pil-grid2.wide-right{grid-template-columns:1fr}\n  .pil-grid3,.pil-grid4,.pil-grid5{grid-template-columns:1fr 1fr}\n  .pil-sec h2{font-size:17px}\n  .pil-bars{height:180px}\n  .pil-bars>div>span{font-size:10px}\n  .pil-years{font-size:9px}\n}\n@media (max-width:480px){\n  .pil-bars{gap:1.2%}\n  .pil-years{gap:1.2%;font-size:8px}\n  .pil-bars>div>span{font-size:8px;letter-spacing:-.3px}\n  .pil-bars:has(>div:nth-child(13))>div>span{writing-mode:vertical-rl;transform:translateX(-50%) rotate(180deg);top:auto;bottom:100%;padding-bottom:2px}\n  .pil-years:has(>span:nth-child(13)) span{writing-mode:vertical-rl;transform:rotate(180deg);margin:0 auto}\n}\n<\/style>\n<div class=\"pil\">\n\n<section class=\"pil-sec\">\n  <h2>Os investidores de FII cresceram +1.000% desde 2017 (negociaram +R$ 67 BI em 2021) e s\u00e3o compostos em sua maioria por PFs<\/h2>\n  <div class=\"pil-sub\"><span>O que \u00e9 FII \u2013 Fundo de Investimento Imobili\u00e1rio?<\/span><\/div>\n  <p class=\"pil-p\">Comunh\u00e3o de recursos para <b>aplica\u00e7\u00e3o em ativos relacionados ao mercado imobili\u00e1rio<\/b>. O FII \u00e9 constitu\u00eddo e administrado por uma institui\u00e7\u00e3o financeira que realiza o processo de capta\u00e7\u00e3o de recursos junto aos investidores atrav\u00e9s da venda de cotas. Recurso direcionado para aquisi\u00e7\u00e3o de:<\/p>\n  <ul class=\"pil-list\">\n    <li><b class=\"pil-hl\">Fundo de Tijolo:<\/b> Im\u00f3veis rurais ou urbanos, constru\u00eddos ou em constru\u00e7\u00e3o, para fins comerciais ou residenciais<\/li>\n    <li><b class=\"pil-hl\">Fundo de Papel:<\/b> T\u00edtulos e valores mobili\u00e1rios ligados ao setor imobili\u00e1rio: cotas de outros FIIs, Letra de Cr\u00e9dito Imobili\u00e1rio (LCI), Certificado de Receb\u00edveis Imobili\u00e1rios (CRI), a\u00e7\u00f5es de companhias do setor imobili\u00e1rio etc.<\/li>\n  <\/ul>\n\n  <div class=\"pil-sub\" style=\"margin-top:24px\"><span>Vantagens para o investidor Pessoa F\u00edsica<\/span><\/div>\n  <div class=\"pil-grid3\" style=\"gap:14px\">\n    <div class=\"pil-card\" style=\"display:grid;grid-template-columns:44px 1fr;gap:12px;align-items:center\"><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5293-ic-liquidez.png\" alt=\"\u00cdcone de setas circulares\" loading=\"lazy\" style=\"border-radius:50%\"><span><b>Liquidez<\/b><br><i>Tende a ser mais r\u00e1pido que vender cota de im\u00f3vel<\/i><\/span><\/div>\n    <div class=\"pil-card\" style=\"display:grid;grid-template-columns:44px 1fr;gap:12px;align-items:center\"><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5293-ic-renda.png\" alt=\"\u00cdcone de pilhas de moedas\" loading=\"lazy\" style=\"border-radius:50%\"><span><b>Gera\u00e7\u00e3o de renda<\/b><br><i>Possibilidade de receber um valor mensal<\/i><\/span><\/div>\n    <div class=\"pil-card\" style=\"display:grid;grid-template-columns:44px 1fr;gap:12px;align-items:center\"><img decoding=\"async\" src=\"https:\/\/artica.capital\/wp-content\/uploads\/2026\/09\/5293-ic-isencao.png\" alt=\"\u00cdcone de saco de dinheiro com s\u00edmbolo de porcentagem\" loading=\"lazy\" style=\"border-radius:50%\"><span><b>Isen\u00e7\u00e3o de IR<\/b><br><i>Rendimentos s\u00e3o isentos de imposto de renda<\/i><\/span><\/div>\n  <\/div>\n\n  <div class=\"pil-grid2\" style=\"margin-top:28px;gap:32px\">\n    <div>\n      <div class=\"pil-sub\"><span>Investidores com posi\u00e7\u00e3o em cust\u00f3dia<\/span><\/div>\n      <span class=\"pil-unit\">N\u00famero de investidores (milhares)<\/span>\n      <div class=\"pil-cagr\" style=\"margin-top:6px\"><span>+1.178%<\/span><\/div>\n      <div class=\"pil-bars\" role=\"img\" aria-label=\"Investidores de FII com posi\u00e7\u00e3o em cust\u00f3dia, em milhares: 2017 121; 2018 208; 2019 645; 2020 1.172; 2021 1.546; abr-22 1.648. Crescimento de +1.178% de 2017 a 2021\">\n        <div style=\"height:7.3%\"><span>121<\/span><\/div>\n        <div style=\"height:12.6%\"><span>208<\/span><\/div>\n        <div style=\"height:39.1%\"><span>645<\/span><\/div>\n        <div style=\"height:71.1%\"><span>1.172<\/span><\/div>\n        <div style=\"height:93.8%\"><span>1.546<\/span><\/div>\n        <div class=\"cur\" style=\"height:100%\"><span>1.648<\/span><\/div>\n      <\/div>\n      <div class=\"pil-years\"><span>2017<\/span><span>2018<\/span><span>2019<\/span><span>2020<\/span><span>2021<\/span><span>abr-22<\/span><\/div>\n      <div class=\"pil-note solid\"><span><b>99%<\/b> dos investidores s\u00e3o pessoas f\u00edsicas<\/span><\/div>\n    <\/div>\n    <div>\n      <div class=\"pil-sub\"><span>Evolu\u00e7\u00e3o do volume negocia\u00e7\u00f5es<\/span><\/div>\n      <span class=\"pil-unit\">Volume (R$ BI)<\/span>\n      <div class=\"pil-bars\" style=\"margin-top:34px\" role=\"img\" aria-label=\"Volume de negocia\u00e7\u00f5es de FII, em R$ bilh\u00f5es: 2017 9; 2018 11; 2019 32; 2020 54; 2021 67; abr-22 20\">\n        <div style=\"height:13.4%\"><span>9<\/span><\/div>\n        <div style=\"height:16.4%\"><span>11<\/span><\/div>\n        <div style=\"height:47.8%\"><span>32<\/span><\/div>\n        <div style=\"height:80.6%\"><span>54<\/span><\/div>\n        <div style=\"height:100%\"><span>67<\/span><\/div>\n        <div class=\"cur\" style=\"height:29.9%\"><span>20<\/span><\/div>\n      <\/div>\n      <div class=\"pil-years\"><span>2017<\/span><span>2018<\/span><span>2019<\/span><span>2020<\/span><span>2021<\/span><span>abr-22<\/span><\/div>\n    <\/div>\n  <\/div>\n  <div class=\"pil-src\">Fonte: B3, An\u00e1lise \u00c1rtica<\/div>\n<\/section>\n\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>O n\u00famero de investidores de Fundo imobili\u00e1rio \u2013 FII cresceu mais de 1000% desde 2017 e s\u00e3o representados, principalmente, por pessoas f\u00edsicas.<br \/>\nThis significant increase in participants over the years has increased trading volume and highlighted the growth of the FII market in Brazil.<\/p>","protected":false},"author":1,"featured_media":5291,"template":"","meta":[],"class_list":["post-5293","pilulas","type-pilulas","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/pilulas\/5293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/pilulas"}],"about":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/types\/pilulas"}],"author":[{"embeddable":true,"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/media\/5291"}],"wp:attachment":[{"href":"https:\/\/artica.capital\/en\/wp-json\/wp\/v2\/media?parent=5293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}