Market selection:

In the case of purchasing investment property in Barcelona, Spain, some of the main market research criteria were as follows: tier-1 market, favourable real estate fundamentals and dynamics (in the context of other European markets), healthy demographics, robust economy, Mediterranean climate (bonus: access to the sea), business friendly legislative environment, etc.

Deal:

Following market selection, we sourced our deal through trusted and professional ‘buyer’ agents, specializing in the local market. This is where a team approach will yield considerable benefits! With their assistance, we conducted a very detailed and properly executed due diligence process (title search, engineering reviews, personal visits, appraisal, etc.). Additionally, we utilized our professional underwriting methods to ensure that the property cash flows at acquisition, and that the deal meets our targeted risk profile within our larger portfolio!

Asset management:

Relying on local expertise, we’re partnering with property management specialists in Barcelona to handle the day-to-day operation and maintenance of our asset, including tenant screening, deposits, rent collections, showing, in-person checks, etc.­­­­