by Robert A. Stanger & Company
KKR has acquired a majority stake in Velero Immobilien AG from its founders who will remain co-investors.
Velero is a German residential asset manager that focuses on residential units at affordable rents. Part of the transaction is the acquisition of a portfolio with around 7,500 residential units currently managed by Velero.
Velero was established in 2015 by Sascha Giest and Thomas Lange, as an asset manager for institutional investments in residential real estate. Since inception, the company has focused on assembling the portfolio, investments in existing properties and value enhancement through active asset management. Today, Velero stands for attractive and modern residential units at affordable rents and close relationship with the tenants. In this context, the focus is on tenant satisfaction and best-in-class asset quality.
Going forward, with the support of KKR, Velero will transform from a pure asset manager to an independent, fully integrated housing
