TREP and Round Hill Capital form German student housing JV

TPG Real Estate Partners (TREP), the dedicated real estate equity investment platform of global alternative asset firm TPG, and Round Hill Capital have acquired, through a newly-formed strategic venture, a portfolio of 13 student accommodation assets in Germany.

The assets, which were formerly owned by student housing platform Deutsche Real Estate Funds, were acquired through a mutual agreement with all stakeholders. Financial terms of the transaction were not disclosed.

“The student population in Germany is one of the largest and fastest growing in Europe. Despite this, the country’s student housing sector is still underdeveloped, with few institutional operators of scale,” said Michael Abel, partner at TPG Real Estate. “We are pleased to partner with Round Hill Capital and all existing stakeholders on this complex transaction to bring more high-quality accommodation options to students across the country. The acquisition highlights TREP’s ability to sour