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Blackstone Places 700 Homes on the Market

Its socimi Testa has mandated JLL with the sale, which could place them on the market for just over €180 million.

vivienda alquiler Testa

The socimi Testa Home has commissioned JLL to sell a portfolio of 700 homes. According to El Confidencial, the sale price could be more than 180 million euros.

In 2019, the listed company tried to sell a portfolio of more units at that price, but the natural market cycle prevented it from doing so due to a depletion in rentals. Now, however, the situation is different, and investors are demanding residential rental properties.

This latent interest is confirmed by the major transactions that have taken place in the sector in recent months: the sale of Socimi Elix and Vivenio.

This strategy could be a rotation of assets by the company, taking advantage of investor appetite to cut capital gains and look for new investments.

Read the full article in Spanish


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