Emerging multifamily markets gain traction with growing range of investors
Opportunities for large-scale investment in residential apartments have been confined to select countries for decades.
But competition now has investors hunting for multifamily real estate beyond more established build-to-rent markets.
German investment manager DWS is investing €42.4 million in a new development in Madrid, its first residential acquisition in Spain.
In France, both M&G Real Estate and PGIM Real Estate have closed deals this year, respectively investing €85.3 million and €84 million in and around the Paris region. Poland and Italy are also seeing an uptick in activity.
“There’s been a broader shift in allocations towards multifamily deals for diversified funds over recent years as the market has become more institutionalized,” says Gemma Kendall, head of multifamily investment, EMEA Capital Markets at JLL. “That has only served to heighten competition among investors recently in more crowded, established markets – and brought less explored locations into focus.”
Throughout the COVID-19 pandemic, investment in residential has remained robust – and in some cases risen, with the amount of capital that the sector attracted up 10 percent to €83.4 billion (US$ 101.8 billion) in Europe alone last year, according to JLL data. In Australia, U.S. residential giant Greystar has raised AU$1.3 billion (US$1.01 billion) for its Greystar Australia Multifamily Venture Fund 1. Its aim is to reach AU$5 billion in projects across the country.
Capital spreads
The U.S. is far and away the biggest, most established multifamily market, with individual investors owning tens of thousands of apartments. In Europe, the more mature markets include the Netherlands, Denmark and Germany, while the UK has been rising in the ranks, too.
But nearly two-thirds of respondents to JLL’s latest European Living Investor Survey are looking to expand to at least one additional market as institutional appetite for less-established markets grows. Some 11 European countries have received over €2 billion worth of investment over the past 24 months, according to JLL data.
Across the pond, a European institutional investor was recently helped in their quest for U.S. multifamily investments by Round Hill Capital, while Morgan Properties’ US$1.75 billion acquisition of 48 assets gave the investor entry to five new U.S. states.
7¢ Skip Tracing – Guaranteed lowest price on the market for the best quality data.
Don’t just take our word for it. Try us out by running a small list first to see the tier 1 data for yourself. We are offering non-members access to member pricing, so you can experience the Skip Force Difference and improve the quality of your lists.
Pay wholesale price for quality data
Receive the TOP 3 Phone Numbers
Discover which phone numbers are best
Learn the BEST Time to reach a contact
We can take your old list, grade it and come up with the
BEST NUMBERS to contact
Develop a SNIPER MARKETING Plan
Increase ROI and TEAM MORALE
We have extended this special but cannot afford to keep this offer running for long.
Have Questions? Reach out to us, we’re here to help.
Call us at: 866-962-8190
Get Started Now
Related News
Invest in Real Estate Without Owning a Single Property Invest in Real Estate Without Owning a Single Property – This REIT nears a quarter century of market-beating returns, and that could be just the start. Real estate has long been a great way for investors to build wealth. That wealth can come both from the […]
Leveraging these key strategies can enable investors to optimize and accelerate their success. Success in Business – When it comes to running a successful business, there are certain hallmarks that appear in nearly every entrepreneurial operation. It’s no different for real estate investing and financial ventures. Leveraging these key strategies can enable investors to optimize […]
Make Plenty of Passive Income Love Passive Income? – Buy this pair of REITs and watch the dividends roll in. Real estate investing has long been a proven path to prosperity, but it also can involve a lot of upfront investment and then time and/or money spent on managing those assets. Then there’s passive income, […]