Our Acquisition Profile
The following are the general criteria for our search in North Rhine-Westphalia (NRW).
| Property Type #1: Multi-Family Homes (MFH) |
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| Multi-family homes with value-add potential (Opportunistic & Value Add) Examples include rental backlog (under-rent), renovation backlog, or other development opportunities, starting from 4 units. |
| From 1950 onward preferred. |
| Small, functional floor plans, preferably with balconies |
| Low commercial share preferred – If commercial spaces are present, conversion into residential use should be possible. |
| Good public transport connections and shops and amenities for daily needs should be within walking distance. |
| Maximum travel time to city centers and major cities – 45 minutes by public transport. |
| Target price per m² Less than €1,500/m² in B locations; less than €1,000/m² in C-D locations. |
| Property Type #2: Condominiums (ETW) |
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| Value-Add Potential: Condominiums with opportunities for improvement (Opportunistic & Value-Add), such as vacant units, maintenance backlog, or other development possibilities |
| Year Built: Preferred from 1950 onward |
| Layout: 1–3 rooms, functional and compact floor plans, balconies preferred |
| Vacancy: Preferred (for faster implementation of value-add measures) |
| Good public transport connections and shops and amenities for daily needs should be within walking distance. |
| Maximum travel time to city centers and major cities – 15 minutes by public transport. |
| Target price per m² Less than €1,500/m² in B locations; less than €1,000/m² in C-D locations. |
| Property Type #3: Lease/Management Properties for Special Leasing |
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| As operators of furnished apartments we are looking for additional properties to support our expansion. |
| Long-term lease/management properties for the purpose of furnished rentals (e.g., to business travelers, students, construction workers, project managers, etc.). |
| Unit size per property between 3–10 residential units per property. |
| Benefits for Property Owners: a) Professional tenants/managers and best maintenance of the residential units. b) No risk of problematic tenants or neglected apartments. c) Higher returns with no effort through professional special leasing (serviced apartments, student shared apartments, construction workers, etc.). |
| Property Type #4: Hotels/Guesthouses – Acquisition, Succession Solutions, Leasing, and Purchase Models |
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| Privately operated (operator-free) hotels/guesthouses starting from 4 rooms. |
| Preference without restaurant or gastronomy operations. |
