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Cerberus to start Building Rental Homes

Residencial Mirador del Encinar Madrid Inmoglaciar 1
Inmoglaciar’s Mirador del Encinar residential project in Madrid.

Cerberus, one of the most important funds in the real estate sector in Spain, is going to enter the rental home market. The firm is preparing to bring some land onto the market which will be developed by its property developer Inmoglaciar and which will be offered to investors who want to take on rental home projects, according to Cinco Días.

The aim of the US firm, which is best known for its role as the largest buyer of real estate portfolios from Spain’s banks, is to build more than 1,000 homes for rent.

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