Round Hill Capital completes the acquisition of a residential portfolio with 770 units in Berlin as part of its German residential strategy.
UK / Germany, 5 April 2017 – Round Hill Capital (“Round Hill”), a leading specialist real estate investment and asset management firm, announces that companies advised by Round Hill have completed the acquisition of a residential portfolio comprising 770 units located in prime inner city neighborhood’s in Berlin, primarily in Mitte and Friedrichshain-Kreuzberg. This transaction is part of Round Hill’s strategy of acquiring residential portfolios in 15 leading greater metropolitan areas in Germany, which exhibit strong macro fundamentals, favourable housing demand/supply dynamics and robust economic performance.
Round Hill Capital is one of Europe’s leading accommodation investment management specialists, with over 56,000 units currently under management across Europe. The portfolio will be managed by RESIDEA Immobilien Management, an affiliate of Round Hill based in Berlin. Round Hill and its affiliates currently manage over 4,000 units in Germany for several institutional and private clients.
The investors in the residential portfolio include, amongst others, Bluerock Group and an international insurance group.
Advisors to the transaction were Simpson Thacher & Bartlett, Simmons & Simmons, PWC, Klein & von Stahl and Trinavis.
Commenting on the transaction, Michael Bickford, founder and CEO of Round Hill Capital, said:
“This represents a cornerstone transaction for Round Hill by acquiring a sizeable portfolio of high quality, well located residential units in Berlin, while growing our integrated residential management platform to accelerate the delivery of our German residential investment management strategy, in line with our vertically integrated strategy in other markets. We will continue to expand Round Hill’s portfolio of residential real estate in Germany and other jurisdictions.”
About Round Hill Capital:
Round Hill Capital is a leading specialist real estate investment and asset management firm. Round Hill Capital has a long and proven reputation for successfully identifying and acquiring high quality European real estate.
Round Hill Capital is a highly focused investor and is experienced in establishing and running first class operating companies, having invested more than €6.0 billion of capital in European real estate assets since its inception in 2002. Round Hill Capital has successfully acquired and managed more than 100,000 residential units across Europe and currently is one of the largest private landlords in multiple countries.
Round Hill Capital has an established track record of generating high risk adjusted returns and invests and asset manages real estate with some of the world’s leading institutions and private investors.