Round Hill Capital’s European multi-family fund accelerates with over €140m additional capital and three further acquisitions


Round Hill Capital, has today announced that it has secured further capital commitments for its European Residential Income Fund II (ERIF II), taking its size up to over €340m.

The Core / Core Plus, commingled investment fund continues to attract strong interest from the investment community since launching in the summer of 2020, with new investors in Germany and Japan providing a further c €140m to invest in high-quality multi-family assets across the continent.

The new equity is already being deployed at pace, with Round Hill Capital acquiring three new residential assets for a collective purchase price of €40m in Germany and the Netherlands, adding 221 multi-family units to ERIF II’s growing portfolio of over 1,130 units.

The German assets recently acquired are all located in Greater Berlin, specifically the Werder, Schwilowsee, Konigs Wusterhausen and Brandenburg an der Havel regions. The 159 units acquired in Germany deliver high occupancy rates, helping meet the demand for good quality rental products in this area. Through stable returns based on long-term rental income, Round Hill Capital will unlock further value by leveraging the expertise of its on-the-ground German team, which benefits from established in-house investment, asset management and property management capabilities.

The acquisition of 62 homes in Harderwijk, the Netherlands, which is close to the city’s historical centre, and near to an abundance of schools, sports facilities and a hospital represents the addition of another high quality newly built asset to the portfolio.

ERIF II targets multifamily housing assets in strong micro locations that exhibit positive demographic and macroeconomic trends, persisting supply/demand imbalances and strong transport links. Round Hill Capital continues to identify further opportunities to add to its rapidly growing fund portfolio. CBRE Capital Advisors acted as placement agent in the German Market.

Michael Bickford, Founder and CEO of Round Hill Capital commented: “Today’s announcement shows that the investment community continues to look to residential real estate for the stable long term returns that our European Residential Income Fund II (ERIF II) provides. Round Hill has a history of consistently outperforming return expectations by exploiting competitive advantages including our experienced local management teams and development of proprietary systems and technology. We strongly believe that well-managed residential and multi-family assets across Continental Europe will continue to provide a highly resilient investment well into 2022 and beyond.”

Raffi Killian, Senior Vice President of Round Hill Capital commented: “We are delighted to add to our growing portfolio for ERIF II with three further acquisitions in Germany and the Netherlands. Greater Berlin and Harderwijk are in line with our targeted investment profile, focusing on cities with strong employment opportunities and economic growth. Our pipeline for ERIF II continues to grow at pace, thanks to our local market teams’ presence and skill. We are well positioned to source further opportunities in Germany, The Netherlands and other key ERIF II markets to our investors.”