Round Hill Capital’s European Residential Income Fund II (ERIF II) has completed a 1,000-unit multifamily housing portfolio transaction with assets in two growing cities in East Germany from a subsidiary of Orlando Real Berlin.
Spread across 13 clusters in Halle and Magdeburg, the deal includes 982 residential units spanning 52,819 square meters (tk square feet) and four commercial units. The properties demonstrate high occupancy rates, helping to drive stable returns based on long-term rental income for the investors of ERIF II.
Round Hill Capital says it aims to 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 company plans to use innovative technology to better engage with tenants and complete the refurbishment strategy to enhance returns at the properties.
The deal is the fourth transaction for the ERIF II closed
