São Carlos raises R$ 865 million by selling four buildings to Kinea

São Carlos sold four of its commercial towers for R$ 865 million — in a transaction that shows the discounted amount that the company trades on the stock exchange and will help the company reduce its leverage. The sale came out at a cap rate of 7.4%, an attractive value given that São Carlos itself is trading at a much higher cap on the stock exchange, of 10.6%. The amount also represents 60% of the company's market cap, of R$ 1.47 billion, and …