Residential Investment in the Netherlands
Randstad, The Netherlands
Acquisition of a portfolio of 16 multi and single-family residential properties, comprising 725 units, located primarily in the Randstad area of the Netherlands where the residential markets were at the early stages of rental and price recovery
Implementation of an active asset management strategy:
- Manage tenant rollovers, capture market rental growth, improve operating income and implement selective capital expenditures.
- Sell selected units on a vacant basis to owner occupiers.
Portfolio sold to an international institutional specialist investor.