The Spanish manager Azora and the American real estate investment and management company Advenir have joined forces to invest 3 billion dollars (2.72 billion euros) in alleviating the housing shortage in the United States (USA), as reported this Thursday. both companies. Specifically, Azora and Advenir have announced the creation of a strategic alliance to manage and develop affordable rental housing in key markets in the US. This alliance, which starts with more than 3,000 million and 14,000 homes in operation and with a goal of investment of more than 3,000 million dollars (2,720 million euros), comes at a key moment, in which the lack of housing and the shortage of capital have generated an attractive investment opportunity both in development and in the acquisition of operational homes. The agreement involves the creation of a new company, Advenir Azora, which will be a vertically integrated platform, covering property acquisition, development and management, to ensure the creation of value for investors and the well-being of residents. In this context, Advenir Azora plans to invest more than 3,000 million dollars (2,720 million euros) in the next 5 years for the development of at least 10,000 new single-family homes for rent and the acquisition of 5,000 units already built, increasing from this its portfolio under management up to 30,000 residential units. The senior partner responsible for Azora América, Fernando Pérez-Hickman, has indicated that the decision to partner with Advenir reinforces its long-term commitment to promoting the development of quality rental housing in the United States. “This project not only represents an excellent investment opportunity, but also contributes to facilitating access to housing for many families. Advenir’s operational experience, together with its local knowledge and alignment of principles and values with Azora, makes them the ideal partner as we continue to explore opportunities in the United States,” added Pérez-Hickman. For his part, the CEO and founder of Advenir, Stephen Vecchitto, commented that the housing shortage in the United States exceeds 5 million homes, which has exacerbated “the gap between the rising cost of property and the higher costs.” affordable rent.” “Uniting Azora’s global financial power, housing knowledge and credibility to attract institutional capital with Advenir’s deep experience in real estate development and management will help us achieve our goal of increasing our current portfolio and pipeline of more than 4,700 single-family homes up to 10,000 units, while expanding our capacity to acquire existing properties,” explained Vecchitto.