Round Hill Capital (Real Estate)

2018 Top 100 Real Estate ranking: 111http://www.roundhillcapital.com

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Manager Details

Corporate overview

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.

COMPLIANCE STATEMENT

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.

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Head Office
1 Knightsbridge
London
SW1X 7LX
United Kingdom

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