Real estate meets philanthropy at upcoming charity galas

$1.2M One River Point condo will be auctioned at a gala Saturday benefiting BrazilFoundation

Several real estate companies are set to showcase their pre-construction condo projects at charitable fundraising events, as South Florida’s winter season of black-tie galas gets under way.

This weekend, for example, New York-based KAR Properties will auction a two-bedroom condo at its planned One River Point development in Miami and donate part of the proceeds to BrazilFoundation, an organization that provides health care, education and other services in impoverished Brazilian communities.

The two-bedroom condo at One River Point development in Miami will be sold Saturday in a live auction at a black-tie fundraising gala for BrazilFoundation on at the Mandarin Oriental hotel on Brickell Key. Shahab Karmely, founder and CEO of KAR Properties, told The Real Deal his company got involved with BrazilFoundation about a year ago and decided to donate proceeds from the condo auction and to sponsor the fundraising event itself, called the BrazilFoundation V Gala Miami, “even if it’s not going to translate into sales from Brazil right now.”