From eating the toxic floors of the bubble to managing the brick of the millionaires

Two decades after the burst of the real estate bubble, the business that gave rise to the large companies that were born to manage the toxic assets of banks and savings banks shows clear signs of exhaustion. Many of these servicers are now looking for a new reason for being. Aliseda, created in its day to absorb the problematic brick of Banco Popular and today controlled by Blackstone, is one of the most visible examples of this transformation. The company has left behind the classic role of servicer to reinvent itself as a manager specializing in wealth advice, urban management and attracting assets from national investors. Continue reading