Corporate brand
UnclaimedBrazilian real estate developer and construction company focused primarily on residential projects in major southeastern cities.
Last updated August 31, 2026
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Overview
Even is a Brazilian real estate development and construction company whose activities cover the residential property value chain. The company is associated primarily with the São Paulo metropolitan area and also maintains a strategic presence in Rio de Janeiro and Porto Alegre. Its business combines land and project prospecting, real estate development, construction, sales and brokerage, allowing it to manage projects through multiple stages rather than concentrating solely on construction contracting. The company has operated in the real estate sector for more than four decades and has become one of the larger developers and builders active in the São Paulo metropolitan market. Its projects are generally positioned within the residential property sector, with the company involved in identifying sites, structuring developments, coordinating construction and marketing completed or planned units. This vertically integrated model gives Even control over project execution and customer distribution, while also exposing it to the cyclical conditions of Brazil’s property market, including interest rates, household credit, land costs, construction expenses and regional demand. Even’s sales structure includes two brokerage operations, Even Vendas and Even More. These businesses sell units across Even’s projects and provide brokerage services exclusively for the company’s developments. The arrangement gives Even dedicated distribution capabilities and supports a direct relationship between project development and sales activities. In addition to its own brokerage operations, the company’s business scope includes the broader set of development and construction functions required to bring residential projects from site selection to delivery. The company’s strategic footprint is concentrated in three Brazilian urban markets: São Paulo, Rio de Janeiro and Porto Alegre. São Paulo is the central market and, following a period of restructuring, became the focus of a renewed growth strategy directed toward higher-end real estate in the city. In 2018, Leandro Melnick became Even’s president and chief executive officer, while João Eduardo de Azevedo Silva assumed the roles of vice president and chief operating officer. The reference material identifies Marcio Moraes as the chief executive leading the company’s renewed growth period from 2023. Even is a publicly listed company on B3, Brazil’s principal stock exchange. It operates in a competitive developer and builder market that includes Cyrela Brazil Realty, Gafisa, Rossi Residencial, PDG Realty, Brookfield Incorporações and MRV Engenharia. The company’s present identity is therefore that of an integrated Brazilian residential real estate platform, with a regional rather than global market orientation and a strategic emphasis on higher-value development in São Paulo.
History
Even has been active in Brazil’s real estate sector for more than 40 years. Its business developed around the combined functions of property development and construction, with São Paulo becoming the company’s principal geographic market. Rather than operating only as a contractor for third parties, Even has maintained an integrated model in which it participates in site prospecting, project development, construction and the sale of completed or planned units. The company’s regional strategy has included the São Paulo metropolitan area, Rio de Janeiro and Porto Alegre. These cities provide the principal geographic context for its residential development activities, although São Paulo has remained the most important market in the company’s profile. Even’s integration of development and construction allows it to coordinate projects from early land and feasibility work through construction and commercial launch. The model also creates exposure to the financing, regulatory, labor and demand conditions affecting Brazilian housing and urban development. Even operates two dedicated brokerage companies, Even Vendas and Even More. Both businesses sell units in Even’s projects and provide services exclusively for the company. Their role extends Even’s vertical integration into distribution, giving the developer internal sales channels in addition to its development and construction functions. A significant management transition took place in 2018. Leandro Melnick became president and chief executive officer, and João Eduardo de Azevedo Silva became vice president and chief operating officer. The company subsequently went through a restructuring period. From 2023, the reference material describes a renewed growth phase under chief executive Marcio Moraes. This phase emphasized higher-end real estate in São Paulo, representing a more focused strategic direction within the company’s established residential development business. Even is listed on B3, the São Paulo Stock Exchange. Its competitive environment includes other Brazilian developers and builders such as Cyrela Brazil Realty, Gafisa, Rossi Residencial, PDG Realty, Brookfield Incorporações and MRV Engenharia. Even’s historical and current profile is consequently that of a Brazilian, publicly traded, vertically integrated residential property company with its strongest concentration in major southeastern urban markets.
- 2023
Renewed growth strategy
[1]After restructuring, Even entered a new growth period under Marcio Moraes, with a strategic emphasis on higher-end real estate in São Paulo.
- 2018
New executive leadership
[1]Leandro Melnick became president and chief executive officer, while João Eduardo de Azevedo Silva took the positions of vice president and chief operating officer.
More than four decades of real estate operations
[1]Even established a long operating history in Brazil’s real estate sector, developing capabilities spanning property development, construction and sales.
Products and positioning
An integrated Brazilian residential real estate developer and builder, differentiated by vertical integration, dedicated in-house brokerage operations and a strategic focus on higher-end projects in São Paulo.
Residential property
Residential real estate developments
Even’s core offering consists of residential property developments in major Brazilian urban markets. The company participates in site prospecting, project planning, development, construction and commercialization, generally delivering housing projects through an integrated development model. São Paulo is the company’s principal strategic market, with additional activity associated with Rio de Janeiro and Porto Alegre.
Real estate brokerage
Even Vendas
Even Vendas is one of the company’s dedicated brokerage operations. It sells units in Even’s developments and supports the commercialization of projects as part of the group’s vertically integrated business model. The brokerage operates exclusively in connection with Even’s projects.
Real estate brokerage
Even More
Even More is Even’s second dedicated brokerage company. Like Even Vendas, it sells units and provides brokerage services exclusively for Even developments, linking the company’s project pipeline with its internal sales and distribution structure.
Brand decisions
2023
Refocus on higher-end São Paulo real estateStrategyBackground
After a restructuring period, Even began a renewed growth phase in a Brazilian residential property market where its main competitive strength was its established presence in São Paulo.
Action taken
Under chief executive Marcio Moraes, the company directed its growth strategy toward higher-end real estate in São Paulo.
Aftermath
The strategy marked a more concentrated growth direction for Even, while the available reference material does not provide detailed financial or project-level outcomes.
Recent events
Reported
Kensington Mortgages partners with Even on interest-free loans[2]
Kensington Mortgages partnered with Even to launch interest-free loans for first-time buyers. The article says eligible properties must be in England and Wales.
Reported
Hazel announces agreements to acquire Even and ONE[3]
Hazel announced definitive agreements to acquire fintech platforms Even and ONE. The transactions were expected to close in the first half of 2022, pending approvals.
Reported
Even announces employer-sponsored emergency savings solution[4]
Even announced a savings solution that lets employers design and manage emergency savings programs for workers.
Sources5 sources
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