Azora, a Spain-based global investment firm, and Advenir, a U.S.-based real estate investment and management corporation, announced a new strategic partnership aimed at creating attainable rental housing in key markets across the United States.
This $3 billion-plus partnership comes at a time when a housing shortage combined with a challenging capital markets environment has created an opportunity for investment in both development and acquisitions in the housing space. The deal creates a new, combined corporation, Advenir Azora, that will be a vertically integrated platform spanning acquisition, development, asset management, property management and fund services capabilities, ensuring a full-spectrum approach to investor value creation and resident well-being.
“Investing in and with Advenir is a further expression of Azora’s long-term conviction to help create quality multifamily and single-family rental homes in the U.S.,” said Fernando Pérez-Hickman, managin
