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Avalon Properties Completes the Purchase of Five Build to Rent Residences in Vallecas

The fund is committed to continuing to invest in Spain and has allocated 60 million euros to expand its portfolio with 300 new homes.

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The firm Avalon Properties, a subsidiary of the North American manager Ares Asset Management, has completed a new acquisition, namely, a portfolio of five residential properties for rent in Vallecas, Madrid.

As revealed by Brainsre.news, the firm has paid 60 million euros for five turnkey developments in an operation that has been financed with guarantees from various holding companies. Locally, an agreement with Bankinter has also been reached.  

Read the full article in Spanish.

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