Gafisa S.A. (Gafisa) is a diversified national homebuilder serving the Brazilian market. The Company is engaged in the housing business under the Gafisa brand. The Company's brands include Tenda, which serves the entry-level housing segment, and also holds 30% stake in Alphaville, a company engaged in the residential lots segment in Brazil. The Company's segments are Gafisa and Tenda. The Gafisa Segment focuses on residential developments within the upper, upper-middle and middle-income segments. The Gafisa Segment's landbank is primarily located at Sao Paulo and Rio de Janeiro regions in Brazil. The Tenda segment focuses on residential developments, classified within the Range II of Minha Casa, Minha Vida Program. The Tenda segment's landbank primarily include properties located at Sao Paulo, Rio de Janeiro, Bahia & Pernambuco and Minas Gerais regions.