Brazilian real estate group MRV&Co 
MRVE3 is considering separate its U.S. unit Resia in the future, the group’s Chief Executive Rafael Menin said on Friday, without detailing a concrete plan for the move.
The split would allow Resia to make some strategic decisions without affecting MRV group financially, given differences between accounting rules in Brazil and the United States.
Resia, previously known as AHS Residential, builds properties in Texas, Florida and Georgia.
Menin told investors at an event a potential deal could help the unit have more profitable operations this year.
“It could be a spin-off, a split, a public listing or a new partner. We have not defined that yet”, CFO Ricardo Paixao told reporters after the event.
Resia, bought by MRV&Co in 2020, posted net revenue of 31.1 million reais ($6.22 million) in 2023, representing less than 1% of the group MRV’s total net revenue.
($1 = 4.9962 reais)