Urban Partners’ real estate investor Nrep has entered into a strategic joint venture focused on the German residential rental market with Frankfurt-based asset and investment manager aam2core Holding AG.
The €300 million ($315 million) joint venture will cover the selective acquisition, modernization and operation of rental assets across demographically attractive German cities and fast-growing metropolitan regions, in particular the seven most populous cities. The aim is to create an institutional-grade, sustainability-focused portfolio, achieved through energy-efficient renovations and exploring untapped building rights potential.
The partnership is based on a shared vision to unlock an attractive market opportunity by combining Nrep’s sustainable investment and development credentials and aam2core’s local operational and market expertise. This approach will help meet rising rental housing demand and offer residents more energy-efficient homes while ensuring
