Round Hill Capital, a leading global specialist real estate investor, developer and manager has closed its European Residential Income Fund II (ERIF II) with c. €440 million of equity commitments with significant capital left to deploy in selected markets.
The closing follows a final tranche of €90 million raised from a French listed fund and an Asian public pension fund. They join nine existing institutional investors in the Fund comprising a range of state pension funds, insurance companies, financial institutions and family offices.
The Fund targets Core/Core Plus returns by investing in multifamily opportunities in strong locations that exhibit positive demographic trends, persisting supply/demand imbalances and strong transport links.
Through its European network of offices, Round Hill Capital has already built a high-quality portfolio for ERIF II with 2,050 units under management and the Fund has significant dry powder available to invest to take advantage of the current market conditions. The closing follows the recent acquisition of a 324-unit BTR development in Aarhus, Denmark in February 2023, and in total the Fund assets currently span five countries: Germany, Ireland, the Netherlands, Denmark and Finland.
Source: roundhillcapital.com on the 21th of June 2023
https://roundhillcapital.com/news/round-hill-capital-closes-european-residential-income-fund-ii-erif-ii-with-c-440-million-in-commitments/