Greystar has expanded its Be Casa platform with the acquisition of approximately 2,000 beds from Bain Capital, enhancing its presence in the Spanish flexible living market across major cities.

Information on the Target

Greystar, a renowned global investment manager, has significantly enhanced its Be Casa platform by acquiring approximately 2,000 beds through strategic transactions with Bain Capital. This move represents a gross asset value of €300 million and enables the Be Casa brand to expand its footprint in the competitive Spanish housing market. With these acquisitions, Be Casa is set to provide top-tier living accommodations in major cities, including Barcelona and Bilbao, while further solidifying its robust presence in Madrid.

The newly acquired assets include three exceptional developments: Alcobendas in Madrid, featuring 888 beds and operational since July 2024; Barakaldo in Bilbao, which will offer 639 beds upon completion in March 2026; and Sant Cugat in Barcelona, targeting 496 beds with an expected completion in July 2026. Each property is designed with modern amenities to cater to a diverse clientele, providing studio, one, two, and four-bedroom apartments as part of a flexible living solution.

Industry Overview in Spain

The flexible living sector in Spain is experiencing remarkable growth, driven by a surge in demand for high-quality, affordable rental options. Cities like Madrid, Barcelona, and Bilbao are witnessing economic expansion and po