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Cerberus Creates a Rental Housing Manager with Thousands of Assets in its Portfolio

The investment giant has launched a company called MACC Residencial, which owns thousands of assets valued at 600 million euros that used to be owned by Banco Sabadell, BBVA and Santander.

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The investment fund Cerberus has created a company called MACC Residencial, specialising in the management of rental homes, which owns a portfolio containing thousands of flats purchased from Banco Sabadell, BBVA and Santander.

Aitor García Bilbao is the person in charge of the subsidiary. He has more than 25 years of experience in the sector with companies such as Unilever, Bergé and Azora, first as the Finance Director of Resa (the student residence company) and later as the CEO of Azzam, a manager specialising in housing, according to El Confidential.

Read the full article in Spanish.

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