Almagro Capital acquires 7 senior housing assets in Madrid

Almagro Capital acquires 7 senior housing assets in Madrid

Almagro Capital, a company specialized in investment in elderly housing, acquired seven prime assets for a value of 3.5 million euros in the city of Madrid.

These seven new acquisitions are located on Calle Goya and Calle Caños del Peral. At the moment, the properties it owns are located in strategic enclaves within the central almond of the city of Madrid.

With this operation, the company, which currently has 77 assets worth 36 million euros, increases the investment value of its portfolio by 8% compared to the end of 2020. Last year, the company has increased the volume of its portfolio by 41% and it plans to continue growing at a good pace throughout 2021.

Almagro Capital, whose objective is to offer Spanish retirees the best solution to monetize their savings and complement their retirement, continues to expand its business to support the elderly.

For Luis de Ulibarri and Francisco López, founders of Almagro Capital, «we are very happy to announce these new acquisitions and to be able to continue offering our elders a very attractive product such as reverse housing, the most efficient and flexible that exists in the market with very advantageous conditions. We started 2021 with record investment levels, adapting to the high demand that our product, reverse housing, is experiencing».

Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!