Round Hill Capital announced on Wednesday that it has secured further capital commitments for its European Residential Income Fund II (ERIF II), taking its size up to over €340 mln.
The Core / Core Plus, commingled investment fund continues to attract strong interest from the investment community since launching in the summer of 2020, with new investors in Germany and Japan providing a further €140 mln to invest in high-quality multi-family assets across the continent.
The new equity is already being deployed at pace, with Round Hill Capital acquiring three new residential assets for a collective purchase price of €40 mln in Germany and the Netherlands, adding 221 multi-family units to ERIF II’s growing portfolio of over 1,130 units.
The German assets recently acquired consist of 159 units, all located in Greater Berlin, specifically the Werder, Schwilowsee, Konigs Wusterhausen and Brandenburg an der Havel regions. In Harderwijk, the Netherlands the fund bought 62 homes.
ERIF II targets multifamily housing assets in strong micro locations that exhibit positive demographic and macroeconomic trends, persisting supply/demand imbalances and strong transport links. Round Hill Capital continues to identify further opportunities to add to its rapidly growing fund portfolio.
CBRE Capital Advisors acted as placement agent in the German Market.
'Today’s announcement shows that the investment community continues to look to residential real estate for the stable long term returns that our European Residential Income Fund II (ERIF II) provides. Round Hill has a history of consistently outperforming return expectations by exploiting competitive advantages including our experienced local management teams and development of proprietary systems and technology. We strongly believe that well-managed residential and multi-family assets across Continental Europe will continue to provide a highly resilient investment well into 2022 and beyond,’ said Michael Bickford, founder and CEO of Round Hill Capital.
