Madison International Realty has acquired an 18.7 percent stake in the Heitman European Residential Investment Partners fund.
The fund’s portfolio comprises residential rental units in Western Europe with a particular focus on Germany and the Netherlands.
Madison’s investment supports Heitman’s business plan to create value for investors through targeted refurbishments, select asset disposals and unit privatizations.
“The residential sector in Germany and the Netherlands is highly attractive, especially around major conurbations, where the demand for quality rental homes continues to significantly outstrip supply,” said Alex Lukesch, managing director and head of the European investments at Madison. “Secondary transactions have always been central to Madison’s DNA, and with this investment, we are supporting the fund on its real estate strategy to create value on behalf of investors. We have supported Heitman on previous ventures and look forward t
