[HIGHLIGHTS] First contact of a vulture fund with the neighbors it wants to kick out: “We try to keep them from going out into the street with their asses in the air”

Elix Rental Housing has bought a block of homes in the Lavapiés neighborhood of Madrid. The company is planning to renovate the homes and put them on the rental market.

The residents of 22 Galileo Street, in the heart of the neighborhood, are concerned about the future of their homes. EL PAÍS accesses a recording that shows how the Elix company tries to convince the neighbors to abandon their homes before taking over the block. It is a strategy that dozens of investment funds in the capital have followed, writes Juan José Martínez.