Lone Star to Sell Portfolio of 2,500 Homes Held by Coral Homes

28 October 2019 – Lone Star is looking to sell a portfolio of 2,500 homes held under its subsidiary Coral Homes, which the fund acquired from CaixaBank. Lone Star’s deal with CaixaBank included the acquisition of a roughly €7-billion portfolio of foreclosed homes through Coral Homes, in which the fund has an 80% stake. CaixaBank owns the remaining 20%.

The sale, known as the Kingfisher Project, is in an advanced phase. Interested parties are expected to submit binding offers within the next few weeks.

Original Story: El Confidencial – J. Zuloaga & R. Ugalde

Adaptation/Translation: Richard D. K. Turner

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