Co-Investments

Investing together in residential portfolios in Central Germany

Together with institutional investors and family offices we build portfolio companies that acquire and hold a pre-defined residential real estate portfolio for the long term. Structure, acquisition profile and investment criteria are defined before the first property is bought.

Rosenbaum Group is an owner-managed real estate company headquartered in Berlin with an investment focus on Central Germany. Since 2015 we have been acquiring, refurbishing, letting and managing residential real estate for long-term ownership. Co-investors benefit from our regional network, our transaction execution and an asset management function we run entirely in house.

At a glance

HeadquartersBerlin
Asset classExisting residential real estate
Investment regionCentral Germany – focus on Saxony-Anhalt, Saxony and Thuringia
VehicleOne portfolio company per defined portfolio
Investor baseInstitutional investors, family offices, high-net-worth individuals
AlignmentRosenbaum Group invests its own capital alongside
HorizonLong-term portfolio build-up
37Properties held
35,000 m²Lettable area
100+ million €Acquisition volume since 2015
10 yearsActive in the market
Our approach

One pre-defined portfolio, one portfolio company

A portfolio company does not hold a single building but a portfolio whose profile is fixed before the first acquisition. Strategy, target regions, property types, condition classes and target volume are agreed jointly and set out in writing. Only then does the build-up begin.

01

Define the portfolio

Acquisition profile, target regions, property sizes, condition classes, financing framework and the intended investment volume are documented before subscription. Investors know what is being invested in before they commit.

02

Set up the portfolio company

The portfolio is bundled in a dedicated company that is legally and economically separate from the rest of our business. It holds exclusively the properties of the defined portfolio.

03

Build and hold the portfolio

We acquire in line with the agreed profile, refurbish, let and manage. The company grows until the defined target size is reached and then holds the portfolio for the long term.

Karte der Zielregionen der Rosenbaum Group in Mitteldeutschland

Core markets of our portfolio companies

Target regions

Central Germany, managed from Berlin

We invest where we have known the market for years: in high-growth medium-sized and regional centres in Central Germany with stable demand, a solid tenant structure and a price level that makes active asset management viable. In addition, we look at selected locations in Brandenburg.

Working together

Network, transaction execution and asset management from a single source

Acquisition, refurbishment, letting and property management sit within one organisation. This shortens decision-making, increases reliability towards sellers and keeps responsibility for the result in one place.

Regional network and off-market access

We have been rooted in Central Germany since 2015. A significant share of our acquisitions comes through direct contact with owners, property managers, banks, insolvency administrators and brokers – frequently outside open bidding processes.

Reliable transaction execution

Acquisition review, calculation, financing structure, notary appointment and handover are managed in house. We assess quickly, commit bindingly and close reliably. That reliability is a key reason why properties are offered to us.

Active asset management

We take care of refurbishment, letting, maintenance and tenant support ourselves. Value is created in operations: through reduced vacancy, orderly maintenance and stable tenancies.

Alignment of interest

We invest our own capital in every portfolio company and carry the same risks as our co-investors. We take decisions from the perspective of a fellow shareholder, not a service provider.

Structure

The key terms of a participation

The specific arrangements are defined for each portfolio company and fully documented before subscription. The following framework describes how we generally structure.

Vehicle
A portfolio company that holds exclusively the defined portfolio.
Legal form
GmbH or GmbH & Co. KG.
Asset class
Existing residential real estate, predominantly apartment buildings with refurbishment and letting potential.
Region
The investment target is the Central Germany region with the core markets of Saxony-Anhalt, Saxony and Thuringia, complemented by selected locations in Brandenburg. The company is headquartered in Berlin.
Portfolio definition
Acquisition profile, investment criteria and target volume are fixed before the participation and anchored contractually.
Form of participation
Equity participation in the portfolio company. Amount, share and terms are agreed individually for each portfolio.
Co-investment
Rosenbaum Group participates in every portfolio company with its own capital.
Capital calls
Drawn as required in line with the acquisitions, not as a single payment at the outset.
Holding period and exit
The holding period and exit strategy are defined jointly, according to the needs of the capital partner.
Reporting
Quarterly reporting on acquisitions, occupancy, refurbishment progress and financial key figures via a secure data room.
Governance
Clear responsibilities, defined approval requirements for material decisions and documented investment criteria.
Process

From the first enquiry to the participation

A structured process with clear steps. Each phase ends with a documented result before the next one begins.

01

Initial conversation

We present the company, our strategy and our track record and clarify your investment objectives, your time horizon and your requirements regarding structure, governance and reporting.

02

Portfolio presentation

You receive the documentation on the defined portfolio: acquisition profile, target regions, target volume, financing structure, calculation and the build-up schedule.

03

Review and due diligence

We provide draft contracts, calculations, reference properties and supporting documents via a secure data room. Your advisers receive access and open points are answered in writing.

04

Documentation and participation

The articles of association, the participation agreement and the investment criteria are finalised and executed in the required legal form.

05

Building the portfolio

Capital is called as required. We acquire the properties in line with the agreed profile, structure the financing and take over the management.

06

Management and reporting

Refurbishment, letting and administration run through our asset management. You receive quarterly reports with key figures on letting, refurbishment, maintenance and financing.

Investor base

For professional investors with a long-term horizon

Co-investments are aimed at investors who see existing residential real estate as an entrepreneurial commitment and bring a multi-year time horizon.

We talk to

  • Institutional investors, pension schemes and foundations
  • Family offices and wealth managers
  • Entrepreneurial families with real estate experience
  • Portfolio holders looking to expand their exposure in Central Germany
  • Professional and semi-professional investors within the meaning of the German KAGB
  • High-net-worth individuals with real estate and investment experience

What a participation requires

  • Willingness to make a multi-year commitment that cannot be sold at short notice
  • An understanding of existing real estate involving refurbishment and letting work
  • Capital that is not needed in the short term
  • Engagement with entrepreneurial risks up to the total loss of the capital invested
Contact

Let us talk about a participation

A first conversation is non-binding and confidential. Tell us which portfolio size and time horizon would work for you – we will come back to you promptly.

  • Confidential handling of your enquiry, with a non-disclosure agreement on request
  • Documentation on current portfolios and reference properties after the initial conversation
  • A contact from the management, with no intermediary layer
RR
Your contact
Rouven Rosenbaum

Investor Relations · Rosenbaum Group

Send an enquiry

We usually reply within one business day.

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Legal notice: The content of this page is provided solely for general information about our activities and constitutes neither a public offer nor an invitation to submit an offer to acquire participations. It does not replace investment, legal, tax or financing advice. Statements on structure, region and approach describe our general approach; only the respective contractual documents of the individual portfolio company are binding. An entrepreneurial participation in real estate companies involves risks that may extend to the total loss of the capital invested. Historical key figures and references are not an indicator of future results. Offers are addressed to professional and semi-professional investors.