Spanish bad bank Sareb is fielding five potential buyers for its rental homes real estate investment trust Témpore, Aura Real Estate Experts reported, citing Témpore CEO Nicolás Saldaña.
The REIT, or Socimi, as they are known in Spain, will have 3,357 homes worth roughly €325 million after Sareb transfers its 850 homes in December, according to the report.
According to the Nov. 5 report, which cited Spanish language news outlet Cope, Saldaña said the company has opened its books to the interested investors, who have a mid-November deadline to submit their offers. One of the interested parties already operates in the rental housing industry while the other investors are specialist investment funds, Saldaña said.
The Socimi was launched in November 2017 with a 1,554-property portfolio valued at €175 million.
