Brad Pitt is reportedly renting out five of his Los Angeles homes and supposedly has plans to move into a 'celebrity retirement village'.
The Hollywood star has seemingly given up his giant compound, made up of five houses, where he has lived for the last 28 years.
He is reportedly moving to Carmel, a coastal town in California which is home to aging stars such as Clint Eastwood, while Doris Day is also believed to have been a resident.
He bought American author D.L James' former home, known as 'Seaward', for $40million (£36million) in July earlier this year.
Pitt's move to Carmel-by-the-Sea would make it difficult for him to see his six children due to a five-hour drive up the west coast.
The transaction has been discovered thanks to a publicly available mortgage agreement, as reported by The US Sun.
Brad's luxury LA compound began in July 1994 after the purchase of a six-bedroom home for $1.7million (£1.5million).
In 1996 he bought a small house for $380,000 (£340,000) at the back of his land and just two years later he bought the neighbouring property for $475,000 (£430,000).
When with his now ex Angelina Jolie, Brad purchased another home for almost $1.3million (£1.1million) in 2008 – completing the complex in 2009 with a barn structure with a secret cave and its very own bar for $1.1million (£990,000).
According to The US Sun, Brad's management has completed the new agreement with the Canadian bank, City National Bank (CNB), nicknamed the "bank of the stars".
In June, Pitt’s long-time manager, Cynthia Pett-Dante, signed a "deed of trust and assignment of rents" with CNB.
The special type of mortgage is solely for rental properties and allows banks to collect rent directly from a tenant if Pitt fails to pay the loan repayments.
As part of the deal, Pitt has also agreed to a $17.5million (£15.8million) line of credit with CNB - called a "Home Equity Line of Credit Agreement."
It’s currently unknown if Brad funded the Carmel home with this line of credit.
Billy Rose, a former real estate attorney and celebrity agent, told the outlet: "You have an asset, which you use as security for a loan, and during the days of two or one percent [interest], then you have a line of credit where they’re not really charging you anything in interest.
"For some people, it’s a way of making money - I can take out the money that I’m paying one percent on, then I can use it to buy something, an asset or property.
Banks take pretty high risks, they’re going to appraise your house and give you a percentage of its value. A lot of wealth is tied up, but it's maybe where they [a famous person] think: 'I want a line, I’m going to take it, if I should ever want it or need it'."
