GREENSBORO, NC—Bell Partners, headquartered here, is partnering with Hamburg, Germany-based Hanseatische Investment-GmbH on a new real estate special fund designed to invest in core multifamily properties across the US. Hansainvest is aiming at a fund target of $1 billion, including about $500 million of equity.
Known as Hansa US Residential, the fund will focus on apartment properties valued between $50 million and $100 million, including high-rise buildings, blocks of apartments and complexes with between 150 and 550 units each. From the standpoint of geography, the fund will invest in metropolitan areas with positive demographic and economic fundamentals.
Among the nation's leading apartment investment and management companies, Bell currently has more than 60,000 apartment units under management. The company has completed more than $10 billion of apartment transactions since 2002, and is on track to end 2016 with more than $1 billion of both acquisitions and dispositions, its third consecutive year of achieving this volume. It's also no stranger to fundraising, having closed its fifth fund at $425 million in June 2015; it has since been fully deployed.
“The positive development of the overall economic and demographic data provides a clear argument in the long term for investments in the US residential real estate market,” says Nicholas Brinckmann, managing director of Hansainvest. “This was what ultimately prompted us to decide to create a US fund.”
Added to which, Brinckmann says, “The legal framework makes it possible to increase rent for residential real estate in the US at much more regular intervals than here in Germany. From the perspective of investors, this is a great benefit.”
He describes Bell as “an excellent partner for Hansa US Residential. Bell provides great market access and the necessary all-round expertise in the multi-family houses segment.” Brinckmann adds that a Bell investment entity will also invest in the fund as a co-investor. “This will enable us to be aligned and have common interests shared by the investors and our local partners,” he says.
More than 300 of the industry's leading national investors, REITs, banks, private equity firms, asset management firms and other institutions will join us as we explore the market conditions behind the trends at this year's RealShare National Investment & Finance, scheduled for Oct. 5 and 6 at the Roosevelt Hotel in New York City. Learn more.
Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.
GREENSBORO, NC—Bell Partners, headquartered here, is partnering with Hamburg, Germany-based Hanseatische Investment-GmbH on a new real estate special fund designed to invest in core multifamily properties across the US. Hansainvest is aiming at a fund target of $1 billion, including about $500 million of equity.
Known as Hansa US Residential, the fund will focus on apartment properties valued between $50 million and $100 million, including high-rise buildings, blocks of apartments and complexes with between 150 and 550 units each. From the standpoint of geography, the fund will invest in metropolitan areas with positive demographic and economic fundamentals.
Among the nation's leading apartment investment and management companies, Bell currently has more than 60,000 apartment units under management. The company has completed more than $10 billion of apartment transactions since 2002, and is on track to end 2016 with more than $1 billion of both acquisitions and dispositions, its third consecutive year of achieving this volume. It's also no stranger to fundraising, having closed its fifth fund at $425 million in June 2015; it has since been fully deployed.
“The positive development of the overall economic and demographic data provides a clear argument in the long term for investments in the US residential real estate market,” says Nicholas Brinckmann, managing director of Hansainvest. “This was what ultimately prompted us to decide to create a US fund.”
Added to which, Brinckmann says, “The legal framework makes it possible to increase rent for residential real estate in the US at much more regular intervals than here in Germany. From the perspective of investors, this is a great benefit.”
He describes Bell as “an excellent partner for Hansa US Residential. Bell provides great market access and the necessary all-round expertise in the multi-family houses segment.” Brinckmann adds that a Bell investment entity will also invest in the fund as a co-investor. “This will enable us to be aligned and have common interests shared by the investors and our local partners,” he says.
More than 300 of the industry's leading national investors, REITs, banks, private equity firms, asset management firms and other institutions will join us as we explore the market conditions behind the trends at this year's RealShare National Investment & Finance, scheduled for Oct. 5 and 6 at the Roosevelt Hotel in
Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.
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