Spanish fund manager Azora has created a new Socimi, or REIT, together with Indosuez Wealth Management Spain and Banca March, that plans to invest €250 mln in senior housing.
Spanish fund manager Azora has created a new Socimi, or REIT, together with Indosuez Wealth Management Spain and Banca March, that plans to invest €250 mln in senior housing.
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.