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TH Real Estate secures German capital for US value-add multifamily housing strategy

Harbor Town

TH Real Estate has raised capital from a large German fund for its US value-add multifamily housing strategy, representing the first German commitment for the $12.2bn global multifamily franchise

TH Real Estate made its first US multifamily investment in 1947, and the sector has become an increasingly key focus ever since. The platform currently owns 117 multifamily assets across 49 US markets, totaling more than $9.4bn in AUM.  The multifamily capabilities in the United States consist of distinct yet complementary strategies that focus on specific facets of the sector, including core apartments, value-add multifamily and student housing.

The  US value-add multifamily housing investment strategy, for which this capital was raised, targets garden-style, rental housing in infill locations with the potential for high current income and value appreciation potential. A focus on value-enhancing upgrades to amenities and common areas, combined with low-cost financing via tax-exempt bonds, underpin the strategy.

Michael Klauke-Werner, Director, Client Capital Group, TH Real Estate, comments: "This particular value-add multifamily strategy has a track record of over 23 years, and has proven its ability to perform well for investors. The consistency of the team over that time further adds strength to this strategy and helps make it very appealing to German investors who are looking for strong performance."

Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority. TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services. Past performance is not a guide to future returns. The value of investments and any income will fluctuate (this may be partly be the result of exchange rate fluctuation) and investors may not get back the full amount invested. Where opinions have been expressed, they are based on current market conditions and are subject to change without notice.

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