Fidere

What Fidere does

Fidere Patrimonio Socimi, S.A. is a Spanish real estate investment trust (SOCIMI) founded in 2015 and headquartered in Madrid, focused on the acquisition and professional management of residential rental properties in Spain. The company operates a portfolio of approximately 5,000 housing units distributed across 47 residential buildings, with the vast majority concentrated in the Community of Madrid and a smaller footprint in Guadalajara. As a SOCIMI vehicle, Fidere is subject to the Spanish regulatory regime that mandates distribution of at least 80% of rental income to shareholders, while receiving favorable tax treatment of its rental operations. The entity's legal name and public-facing brand are both Fidere, and the company is led by a management team with documented experience in the local real estate market.

Fidere's core offering is its residential rental portfolio, providing professionally managed long-term housing to individual families and households across multiple property typologies in locations with full access to transport, educational, and communication infrastructure. The company generates recurring revenue through direct residential leasing, with rental inquiries and tenant onboarding handled through its corporate website and dedicated tenant portal (encajatualquiler.com). The business operates without differentiated product modules, sub-brands, or add-on services — the unified offering is the rental portfolio itself, with go-to-market limited to direct tenant leasing and investor relations communications via the corporate site.

Since founding, Fidere has operated as a wholly-owned subsidiary of Blackstone, one of the world's largest alternative asset managers. On March 31, 2026, Blackstone agreed to sell the entire Fidere residential portfolio to Brookfield Asset Management for approximately €1.05 billion net (€1.2 billion gross), representing the largest multifamily transaction in Spain since the 2007-2009 financial crisis and subject to Fidere shareholder approval scheduled for April 28, 2026. This transaction signals a transition of institutional ownership while the underlying SOCIMI vehicle and Madrid-focused rental operations appear set to continue under new sponsorship.

Name

Fidere

Legal name

Fidere Patrimonio Socimi, S.A.

Website

https://fidere-socimi.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Fidere Patrimonio Socimi, S.A. is a Spanish listed real estate investment trust (SOCIMI) that acquires and manages approximately 5,000 residential rental units across 47 buildings, primarily in Madrid, serving individual families seeking long-term rental housing in Spain.

Ownership category

akta.pro rank

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Residential Rental Income: Fidere generates revenue through rental income from its portfolio of approximately 5,000 residential units across 47 buildings in Spain, primarily in Madrid. As a SOCIMI (Spanish REIT equivalent), the company is required to distribute at least 80% of its rental income to shareholders as dividends.

Distribution channels1 record

Marketing channels1 record

Core offering

Fidere Patrimonio SOCIMI, S.A. acquires and manages a portfolio of approximately 5,000 residential rental units across 47 buildings, primarily located in the Community of Madrid, Spain. The company operates under the Spanish SOCIMI regime (real estate investment trust equivalent), generating recurring rental income and distributing at least 80% of rental income to shareholders as dividends.

Product overview

Fidere Patrimonio Socimi operates as a single unified offering—a Spanish SOCIMI (real estate investment trust equivalent) focused exclusively on residential rental properties. The company acquires, manages, and rents residential apartments through a portfolio of approximately 5,000 units across 47 buildings primarily concentrated in Madrid. The business model centers on holding residential buildings for rental income, generating recurring revenue through professional property management, with the strategy of providing shareholder returns under the SOCIMI tax regime. No differentiated product modules, sub-brands, or add-on services are offered—the entire operation is the residential rental portfolio itself.

Differentiator

Problem solved

Functional benefit

Products and services

• Fidere Residential Rental Portfolio A portfolio of approximately 5,000 residential rental housing units across 47 buildings, primarily located in the Community of Madrid, Spain, with select units in Guadalajara. Properties are professionally managed and rented to individual families and households seeking long-term housing in well-connected Madrid neighborhoods.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves4 records

Expansion highlights3 records

Broad incumbents

• Brookfield Asset Management: Global alternative asset manager that has agreed to acquire Fidere's portfolio from Blackstone. Relevant as the prospective new controlling shareholder and as a broader real estate investment peer operating at vastly greater scale.
• Vonovia SE: Europe's largest residential real estate company, managing ~500,000+ units primarily in Germany, Austria, and Sweden. Same residential-for-rent business model as Fidere but at vastly larger scale and outside Spain.
• Greystar Real Estate Partners: Global leader in rental housing investment and property management with operations across the US, Europe, and Latin America. Comparable as a large-scale institutional operator of residential-for-rent assets, though with a more developed operating platform than Fidere.
• Heimstaden Bostad: Major European residential property company owning and managing rental apartments across Sweden, Denmark, Germany, Norway, and the Czech Republic. Comparable asset class (residential rental) and recurring rental revenue model, with broader geographic reach than Fidere.
• Blackstone Real Estate: The world's largest real estate private equity platform and Fidere's current controlling owner. Comparable as a large-scale institutional residential investor with similar asset-class focus in select European markets.

Direct peers

• Lar España Real Estate SOCIMI: Spanish listed SOCIMI investing in retail, office, and residential assets in Spain. Direct peer at the vehicle/regulatory-structure level; partially overlapping on residential though broader in mandate than Fidere.
• Colonial SOCIMI: Spanish SOCIMI specializing in prime office properties in Madrid, Barcelona, and Paris. Same regulatory wrapper as Fidere and a direct listed-vehicle comparator in the Spanish REIT universe.
• Merlin Properties SOCIMI: Spain's largest SOCIMI by market cap, focused on office, retail, logistics, and data centers. Listed Spanish SOCIMI structural peer to Fidere, though with a commercial rather than residential mandate.
• Testa Residencial SOCIMI: Spanish SOCIMI focused exclusively on rental residential properties in Spain, directly comparable to Fidere in asset class, jurisdiction, regulatory structure, and tenant base. One of Fidere's closest direct competitors in the Spanish listed residential rental market.
• Vivenio Residencial SOCIMI: Spanish SOCIMI managing a portfolio of residential rental homes primarily in Madrid and other major Spanish cities. Same regulatory wrapper, same asset class, same customer base as Fidere — a direct like-for-like comparable.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/fidere-patrimonio-socimi-sau

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fidere