Zug, Switzerland-based company, Empira, says it has invested €840 mln into residential and commercial property in the DACH region and the US on behalf of its Opportunities Fund.
Two years after launch, the annualised performance equates to a 65% return so far.
Structured as an open AIF, Empira Opportunities fund has been busy not only in residential and commercial sectors, but also in other sectors with ‘high potential‘ for capital appreciation and income.
The company has backed its own fund with key personnel putting in €60 mln of equity.
So far the fund has amassed more than 5,500 residential units among other assets, the most recent acquisition being 180 units in Ohio.
Lachen Knapp, president of Empira’s board, said the outlook for real estate investments continued to be ‘favourable’.
‘They offer inflation protection and relative stability in volatile markets. Residential real estate, in particular, offers attractive risk-adjusted returns and a relatively high degree of income reliability. In the US and in the German-speaking countries of Europe, most of all, there is a lack of affordable residential housing.'
