Round Hill Capital is an international private real estate investment, development and asset manager founded in 2002 by CEO Michael Bickford. The firm offers commingled funds, Separate Accounts and Joint Ventures across the risk spectrum from core to opportunistic and is currently active in Europe and the United States.
Since inception, Round Hill has invested over $8bn and acquired and repositioned for long-term institutional ownership over 110,000 residential units and student housing beds. Round Hill Capital has a significant development pipeline of over 10,400 residential units currently under development, including 6,432 student beds and 94,400 sqm logistics space. Round Hill is a responsible landlord of assets offering housing to a range of occupants, from students through to senior citizens.
Round Hill is a leader in residential real estate. Key areas of expertise include multifamily, student housing, senior living and serviced real estate (co-living and co-working). The firm is also actively investing in light industrial and logistics assets.
Round Hill is vertically integrated, combining central investment management expertise with local asset and development management capabilities, as well as property/facility management and operations through a number of affiliated businesses.
Round Hill has incubated a venture capital business active in the ‘Proptech’ space: Round Hill Ventures, a VC firm focused on capturing the value created by technological innovation in the built world. Since 2017, Round Hill Ventures has made 17 early stage investments.
Round Hill has over 220 employees across 14 offices globally.
Investment principles & strategy
Round Hill has developed a successful investment approach focused
on sourcing real estate opportunities that seek to create value at the property level, within the accommodation sector and selected commercial opportunities. The firm aims to be nimble, with targeted sector and geographical exposure according to risk appetite, and seeking fundamental value in assets where an operationally intensive in-house property management program can drive NOI growth.
Round Hill typically invests in fragmented or underdeveloped markets with strong fundamentals, where supply-demand imbalances exist which can benefit from active operational management. Round Hill believes that it is unique in the residential sector due to its European-wide coverage and vertical integration, being able to provide local management capacity across multiple countries. This allows Round Hill to provide best-in-class management support to its investors in both existing and new strategies.
The firm has maintained a strategic focus on residential real estate, with strategic complementary investments in light industrial and logistics assets and continues to penetrate its existing markets alongside its institutional investor base and expand into new sub-sectors and global geographic locations.
Strategic corporate development
Round Hill intends to remain primarily focused on residential investment strategies and will continue to consolidate its position as a specialist manager in the sector. In addition to the core focus areas of multifamily and student housing, the institutionally emerging areas of senior living, co-living, serviced residential and other niches are expected to grow further.
The firm will continue to be active across the full risk spectrum within our focused product type, including development as well as acquisitions. Round Hill has evolved into a leader in the space, with a pan-European presence spanning 10 countries, with local offices in: Germany, UK, Spain, Ireland, Portugal, Luxembourg, Sweden and the Netherlands and a network of offices related to our operating businesses in wider European locations.
In addition to physical real estate, Round Hill is active in Proptech Venture Capital. This is viewed as a complementary business that benefits the investors of our real estate programmes and enjoys a mutual competitive advantage from our knowledge of the sector.
Geographical expansion will continue, with growth anticipated in the US business, additional platforms in Europe, and selective opportunity driven expansions globally.
The information provided in this document is meant for informational purposes only. It is intended only for institutional investors and professional investors only, as defined in the Financial Conduct Authority Conduct of Business Sourcebook and is not intended as a solicitation for investment business. No representations or warranties are made as to the accuracy of the information contained herein and no guarantee of assurance is given that any forecast or opinion in this document will be realised. This document cannot be reproduced or circulated without the express permission of Round Hill Capital, or any of its affiliates.
News from Round Hill Capital (Real Estate)
TPG Real Estate Partners and Round Hill Capital acquire a portfolio of 13 student accommodation assets in Germany download
TPG Real Estate Partners (“TREP”), the dedicated real estate equity investment platform of global alternative asset firm TPG, and Round Hill Capital, a leading real estate investment, development and asset management firm, announced today that they have acquired, through a newly-formed strategic venture (the “Venture”), a portfolio of 13 student accommodation assets in Germany.
Round Hill Capital Invests in First Qualified Opportunity Zone Workforce Housing Development in Fort Lauderdale, Florida as Part of Expanding its Commitment to U.S. Housing Market download
Round Hill Capital , a leading global real estate investment, development and asset management firm, today announces that it is investing in a workforce housing development project located in the Progresso Village district of Fort Lauderdale, Florida, which qualifies as an Opportunity Zone under the Tax Cuts and Jobs Act of 2017 (“TCJA”). TCJA provides tax incentives for certain long-term investments intended to create economic growth in areas where it is most needed.
Round Hill Capital, a leading real estate investment, development and asset management firm, announces that parties advised by Round Hill Capital have exchanged contracts to sell the shares of a residential property portfolio in the Netherlands to Heimstaden AB for a total purchase price of €1.39 billion.
Successful refinancing of its Nordic Logistics and Industrial Real Estate Portfolio with new loan facility from a leading global insurance institution download
Round Hill Capital (“Round Hill”), a leading specialist real estate investment, development and asset management firm together with StepStone Group Real Estate LP (“StepStone Real Estate”), a leading private markets firm, today announces that they have completed the multi-currency refinancing of the acquisition debt secured against their Nordic logistics and industrial real estate portfolio (the “Portfolio”), which comprises 327,649 sqm across 13 assets in Sweden, Norway and Denmark.
KKR, Round Hill Capital and Pulsar Properties Acquire Four Logistics Warehouse Developments in Spain download
KKR, a leading global investment firm, announces an investment into southern European logistics real estate through a new joint venture with Round Hill Capital, a leading real estate investment, development and asset management firm, and Pulsar Properties.
News from IPE Real Assets
Aims to add 100 apartments a year in Dutch city
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News marks third student accommodation deal in recent weeks
Rented residential assets attract foreign capital in JVs with niche players
Investor expects deal to close by March 2015
Analysis from IPE Real Assets
Student housing markets in continental Europe are catching up with the UK, just as Brexit uncertainty hovers over the 2019-20 academic year. Jennifer Bollen reports
With political uncertainty on the minds of investors, the cool-headed Norwegian capital is well positioned to attract international capital, writes Russell Handy
Foreign investors have flocked to a housing market that has opened up – but they would like more
Is continental Europe about to catch up with the UK in turning student housing into an institutional market? Russell Handy takes notes