Round Hill Capital, the real estate investment and asset management firm, has raised €200 million in the first close of its multifamily investment fund, European Residential Income Fund II (ERIF II).
The fund will be managed by Round Hill Capital and will invest in multifamily housing assets with mass market affordability in strong micro-locations that exhibit positive demographic and macroeconomic trends, persisting supply/demand imbalances and strong transport links. The geographic focus is selected Eurozone markets including Germany, the Netherlands, the Nordic markets as well as the wider Eurozone. Round Hill Capital will strategically deploy the equity committed to ERIF II into its extensive pipeline of attractive opportunities.
”..the Covid-19 crisis will see even greater demand for affordable and responsibly managed rental housing in key European markets.”
“This first €200 million close is confirmation of the quality of our investment offering. European Residential Investment Fund II provides investors with the opportunity to invest with an experienced accommodation sector focused manager with a deep understanding of European markets and exceptional operational expertise to drive returns,” said Michael Bickford, founder and CEO of Round Hill Capital, commenting on ERIF II.
”We anticipate that the Covid-19 crisis will see even greater demand for affordable and responsibly managed rental housing in key European markets. Round Hill Capital is extremely well positioned to deliver and operate such opportunities to investors and we continue to see very strong appetite from European and International investors for assets exhibiting stable, long-term rental income.”
”Residential assets are already proving to be one of the most resilient and defensive real estate sectors and we expect to announce further new investors in the near future and the efficient deployment of this equity into our significant and growing investment pipeline.”