Round Hill Capital and SFO Capital Partners have partnered to invest in single-family rental (SFR) properties across Ireland.

The pair have formed a new joint venture and expect to complete two major deals in Dublin shortly, and intends to build on these over the coming years to expand its housing strategy across Ireland.

Michael Bickford, founder and CEO at Round Hill Capital, said: “The counter-cyclical nature of the rental housing market means it is resilient to market cycles, as has been proven amid the economic uncertainties caused by the Covid-19 pandemic.

“We have a strong pipeline in place to meet demand from institutional investors for resilient, long-term investment opportunities and a trusted partner with a strong track record in successfully investing in, developing and operating residential assets. We look forward to further expanding our portfolio in Ireland, as well as across Europe and the US.”

Mohamad Abouchalbak, CEO at SFO Capital Partners, said: “This venture marks a key milestone in the expansion of our residential investment program from the USA into Europe as we continue to actively pursue the acquisition of high-quality residential communities across key Europe cities.

“We particularly like Dublin given its critical need for institutional quality residential stock that can cater for a rapidly growing and a high-skilled workforce. Our conviction was reinforced by the resilience of the city during the COVID-19 pandemic”.

To read the digital edition of the latest IPE Real Assets magazine click here.