aam2core and its property manager partner Reos will take over the asset, investment and property management for a special fund for micro-living properties held by Bayerische Versorgungskammer (BVK).
The special fund launched by Universal Investment invests primarily in micro apartments, including student accommodation in DACH region university cities, which continue to enjoy solid economic fundamentals. Its geographic focus is currently on Germany and Austria. The fund is aiming for a total volume of EUR 1 billion.
The portfolio comprises eleven properties with a total of just under 3,200 units – mostly micro-living apartments – and has a total rental area of about 85,000 m2. The properties are located in Hamburg, Berlin, Dresden, Bayreuth, Cologne, Potsdam, Frankfurt, Mainz, Munich and Vienna.
As well as asset management, aam2core will also be responsible for the investment management for the fund. Reos GmbH will cover technical and commercial property management for the residential units. The company, which is based in Hamburg, will manage the properties digitally under the new brand “DIE ZIMMEREI”.
Stefan Bögl, Executive Director Asset Management at aam2core, said:
“Acquiring the micro apartment fund creates an opportunity for us to further optimise a functioning existing portfolio in the area of digitalisation and for BVK to continue investing in a promising asset class with an attractive return forecast.”
Smart portfolio management plays a key role, covering digital marketing, a fast online rental process and a free tenant app for communication, services and property management on the ground.
“This allows us to fulfil the wishes of the young target group while also meeting the growing demand for sustainable and cost-efficient asset management,” said Tom Leppin, Managing Director of Reos. “Our new brand also represents ease and flexibility and appeals to both students and young professionals in equal measure.” The rental properties went on the market on 1 July 2022, with the smart building roll-out to extend to all properties in the near future.
Felix Becker, Deputy Head of Real Estate Investment D-A-CH at Bayerische Versorgungskammer:
“We are delighted to have expanded our collaboration with our trusted partner aam2core and firmly believe that, together with Reos and aam2core, we have developed an ideal package both for further expansion and for managing our existing portfolio.”
About aam2core Holding AG
aam2core Holding AG (aam2core) purchases and manages residential and commercial property portfolios for institutional investors, family offices and for its own account. In the risk-averse segment, the Group covers the residential and commercial business areas with a focus on the office and light industrial/logistics asset classes. In the risk-taking segment, it covers value-add investments.
aam2core invests in Germany, Austria and Switzerland and has branches in Frankfurt am Main and Grünwald. The Management Board of aam2core Holding AG comprises Stefan de Greiff, Professor Nico B. Rottke and Michael Schleich.
About Reos
Reos GmbH is a digital property manager and management partner for residential and modern asset classes such as neighbourhoods and micro living. Since 2017, the Hamburg-based company has opened up new avenues for property management using intelligent building management, cloud-based processes and real-time data on its own management platform and tenant app. From renting and marketing to operational property management, Reos covers the entire management cycle digitally and efficiently.
About Bayerische Versorgungskammer
As Germany’s largest public pension group, Bayerische Versorgungskammer is a service and expertise centre for occupational and municipal pension schemes. It runs 12 legally independent occupational and municipal pension schemes with a total of about 2.5 million policyholders and pension beneficiaries, annual contribution and allocation income of EUR 5.4 billion and annual pension payments of around EUR 3.9 billion. For all schemes combined, it currently manages an investment volume of about EUR 107.3 billion (market value). Bayerische Versorgungskammer has more than 1,460 employees and has been a signatory to the Diversity Charter since 2010, the UN Principles for Responsible Investment (PRI) since 2011 and the Memorandum for Women in Leadership since February 2017. It joined the Global Real Estate Sustainability Benchmark (GRESB) in March 2020 and the Net-Zero Asset Owner Alliance in May 2021.