18 Top Real Estate Funds (FIIs) to Invest in November 2025 for Up to 20% Dividends, According to BTG Pactual

• Why Are These 18 FIIs Worth Considering in November 2025?
• How Did BTG’s October Portfolio Perform?
• What’s Driving the Shift Toward Paper Funds?
• Which Funds Were Adjusted and Why?
• How Can Investors Access the Full Recommendations?
• Disclaimer

Looking for high-yield real estate investments this November? BTG Pactual just dropped its updated list of 18 real estate funds (FIIs) that combine solid management, operational strength, and dividend yields reaching up to 20%. Their analysts highlight paper funds (CRI-focused) as standout performers, while maintaining exposure to brick-and-mortar sectors like logistics and offices. Here’s what you need to know.

Why Are These 18 FIIs Worth Considering in November 2025?

BTG Pactual’s November portfolio update reflects strategic adjustments, including reducing exposure to VILG11 by 1.5% and increasing KNIP11 by the same margin. The team emphasizes paper funds for their resilience and consistent returns, with KNIP11 trading at a 3% discount to NAV and offering an implied IRR of IPCA +10.9% annually. Meanwhile, brick-and-mortar sectors show gradual occupancy and revenue improvements.

How Did BTG’s October Portfolio Perform?

BTG’s curated FII portfolio outperformed the Ifix index, gaining 0.67% in October (vs. Ifix’s 0.12%). Year-to-date, their picks surged 18.10%, eclipsing the Ifix’s 15.32% return. Analysts credit this to rigorous selection criteria—governance, active management, and sustainable dividend metrics—while cautioning that higher yields may signal elevated credit risk in structured CRI operations.

What’s Driving the Shift Toward Paper Funds?

Paper funds, which invest in real estate receivables (CRIs), dominate BTG’s recommendations due to their macroeconomic resilience and robust dividend potential. KNIP11’s discounted valuation and attractive yield profile make it a top pick. However, the bank hasn’t abandoned brick-and-mortar entirely, noting steady recovery in logistics and corporate office segments.

Which Funds Were Adjusted and Why?

VILG11 saw a partial exit after a 33% YTD rally (vs. Ifix’s 15%), with dividends rising to R$0.73/share—its highest since 2022. BTG locked in profits here, reallocating to KNIP11 for its upside potential. "We’re balancing risk-reward while capitalizing on near-term dividend catalysts," noted the analysts.

How Can Investors Access the Full Recommendations?

Beyond this snapshot, BTG’s full report includes macro assumptions, fund-by-fund analyses, historical performance, and manager insights. While the disclaimer reminds investors to assess suitability, the data offers a compelling starting point for November allocations.

Disclaimer

This article does not constitute investment advice. Always consult a qualified professional before making decisions.