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Blackstone Puts Some of its Rental Home Portfolio in Spain Up for Sale

The US giant is evaluating all of the assets separately, taking into account their locations and the most suitable strategy for each one: sale or rent.

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The US fund Blackstone has decided to review its rental business in Spain. According to industry sources, the company has ordered an analysis of the lease contracts of thousands of homes that it owns under the Alquilovers brand with a view to transferring them to its Hola Pisos platform, from where it manages asset sales.

This decision has been agreed with Eduard Mendiluce, CEO of Anticipa and Aliseda, two of the companies through which Blackstone manages its large residential portfolio in Spain, according to El Confidencial. If we include Testa’s assets, then the firm’s portfolio exceeds 35,000 homes.

Read the full article in Spanish.

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