The US fund Blackstone has completed the acquisition of 4,500 rental homes from Banco Sabadell. According to market sources, the portfolio was initially valued at €600m, but this was reduced after 500 of the original 5,000 flats were removed from the offering. Blackstone’s real estate subsidiary, Anticipa will be managing the flats. Blackstone competitor Oaktree was also in the running for the portfolio.
