Gafisa S.A. is a Brazilian real estate developer and builder. Its main activities involve the promotion, management, sale, acquisition and construction of real estate projects, both its own and those of third parties. The company focuses its operations on high and upper-middle income residential segments, mainly in the São Paulo and Rio de Janeiro markets. Gafisa structures its real estate projects through Specific Purpose Companies (SPEs), condominiums or consortiums. The company also develops marketing strategies for real estate projects and participates in other companies with similar social objectives.