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Empira expands business activities to include the US real estate market

Empira expands business activities to include the US real estate market

  • Approx. 800 million euros of investment planned in the next twelve months
  • Investments in multi-family properties in strong-growth metropolitan regions
  • Development of a portfolio of properties planned

Zug (Switzerland), 13 April 2021 - The Empira Group, a leading investment manager for institutional real estate investments in the DACH region, is expanding its business activities to include the US real estate market. In the next twelve months Empira Group intends to invest approximately 800 million euros in the US market. The main focus of the investments will be on multi-family properties in flourishing metropolitan regions in the USA Midwest. In this respect there will be a particular focus on the federal states of Indiana and Ohio given their above-average population growth rates and growing demand for living space. An initial portfolio of 650 apartments has already been acquired, and a further 680 housing units have also been secured.

Significant potential for an increase in rents and value appreciation with multi-family properties
"With the expansion of our activities to include multi-family properties in the USA we intend to provide our investors with investment opportunities in an attractive growth market," says Lahcen Knapp, the chairman of Empira AG. Multi-family properties are achieving high growth and generating average rents, and during the coronavirus crisis have proved more stable than every other asset class. The properties already acquired by Empira Group are to be retained in its portfolio. "Thanks to active management of the portfolios and given the continuous rise in demand, there is considerable potential for an increase in rents and values," adds Knapp.

Trend towards rented apartments in the USA
The trend in favour of rented apartments has been evident in the US for several years - with the multi-family sector being a key beneficiary of this development. This sector typically comprises rented multi-family houses and complexes which are often high-end and equipped with facilities such as a pool, gym and barbecue area. In addition, as more people work remotely multi-family properties, with space for a home office, in the suburbs and smaller cities in the metropolitan regions are likely to become increasingly attractive.

Holger Friedrichs
PB3C GmbH
Rankestr. 17
10789 Berlin
+49 30 726 276 152

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