Itacare Capital Investments Limited (Itacare Capital) is a closed-end real estate investment company. The Company is a real estate investment company focused on residential resorts in Brazil. The Company�s portfolio includes active projects and other investment properties. Active Projects include Tres Praias, BB Trancoso and Duas Barras. Tres Praias residential project is situated in the state of Espirito Santo. The Trancoso-Bahia Beach project is situated on a 293-hectare site with approximately 600 meters of beachfront. Duas Barras, in the state of Alagoas, is situated on a 200-hectare beachfront plot. Other investment properties include Havaizinho and Warapuru 2. Havaizinho comprises a 33-hectare land parcel adjacent to Warapuru. Itacare Capital Partners Ltd. acts as investment manager of the Company.