Round Hill Capital and SFO Capital Partners have formed a new joint venture to invest in the Irish single-family rental (SFR) market.
“We’re delighted to announce this new joint venture with SFO Capital Partners, as we continue to expand our portfolio of high quality accommodation assets in Ireland. The venture will have the ability to operate swiftly and effectively to secure high-quality SFR investments, providing much-needed new homes to address the long-standing supply / demand imbalance that continues to prevail in the Irish residential market,” said Michael Bickford, Founder and CEO at Round Hill Capital.
“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,” he added.
“We are thrilled to enter into this joint venture with Round Hill Capital with a focus on Dublin, a city with robust macroeconomic fundamentals, dynamic demographics, and a clear growth outlook. 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 European cities,” said Mohamad Abouchalbak, CEO at SFO Capital Partners.
”We particularly like Dublin given its critical need for institutional quality residential stock that can cater to a rapidly growing and highly skilled workforce. Our conviction was reinforced by the resilience of the city during the COVID-19 pandemic,” he added.