Polymer diols are a class of polymeric building blocks of high interest for the synthesis of complex macromolecular edifices. Rare-earth borohydride complexes are known as efficient initiators for the ring-opening polymerization (ROP) of cyclic esters, directly affording α,ω-dihydroxy-telechelic polyesters. Here, were report the direct synthesis of poly(benzyl β-malolactonate) (PMLABe) diols, from the ROP of racemic (benzyl β-malolactonate) (rac-MLABe), a valuable and renewable monomer, initiated by the homoleptic [Ln(BH4 )3 (thf)3 ] (Ln=La, Nd, and Sm) complexes. These initiators enabled the controlled ROP of this β-lactone, affording well-defined syndiotactic-enriched (Pr ≈0.83) PMLABes (Mn up to 21 300 g mol(-1) , ÐM ≈1.5) as evidenced by size exclusion chromatography, (1) H and (13) C NMR spectroscopy, and MALDI-ToF mass spectrometry analyses. The first and second insertions of rac-MLABe, as assessed by DFT calculations, revealed more favorable stationary front-side than migratory back-side insertions, the thermodynamically and kinetically competitive ROP on two distinct arms with that on a one arm-only, and the thermodynamically slightly favored formation of syndiotactic-enriched PMLABes.