Round Hill Capital has acquired 541 residential for-rent units across seven assets in greater Berlin for €89 million ($94 million) in three transactions.
The acquisitions were made on behalf of the Round Hill Capital European Residential Income Fund II (ERIF II). The fund closed in May 2023 with €440 million ($466 million) in equity commitments. It targets core and core-plus returns by investing in multifamily opportunities in strong locations that exhibit positive demographic trends, persisting supply/demand imbalances and strong transport links.
All seven assets are in strong, well-connected locations in the Berlin suburbs, where they benefit from the German capital’s highly supportive and low-supply market dynamics and economic development but are free of the most robust rent cap regulations enforced in the city center. Two of the seven assets have an energy efficiency rating of A, while the remaining properties are all currently rated B-C. Round Hill Capital
