BR Properties exits stake in BTG Pactual-led REIT for $188 mln

SAO PAULO, July 2 Wed Jul 2, 2014 5:38pm EDT

SAO PAULO, July 2 (Reuters) - Commercial real estate broker BR Properties SA sold a stake in a real estate investment trust managed by investment banking firm Grupo BTG Pactual SA for 418.6 million reais ($188 million), according to a securities filing on Wednesday.

($1 = 2.22 Brazilian reais) (Reporting by Guillermo Parra-Bernal; Editing by Chris Reese)