Round Hill Capital

Last updated

Round Hill Capital
Founded Delaware, United States
Founder Michael Bickford
Headquarters
London
,
UK
Number of locations
14 offices worldwide
Area served
Worldwide
ServicesReal Estate Investment and Management
AUM $6.8 billion
Number of employees
More than 230 employees globally
Website www.roundhillcapital.com

Round Hill Capital LLC (RHC) is a fully integrated real estate investment and management company founded in Delaware, United States of America. [1]

Contents

The company has 14 offices globally in the UK, Germany, the Netherlands, Luxembourg, Spain, Sweden, Ireland, Singapore and the United States.The firm's business model is alleged to be adding to Ireland's housing crisis. [2]

History

It was founded in 2002 by Michael Bickford, a former Morgan Stanley Real Estate Funds professional. [3]

In 2007, Round Hill Capital acquired the Vitus Group, a German residential real estate operator with over 30,000 apartments in seven countries. [4] Vitus was acquired for 1.3 billion euros ($1.8 billion U.S.). [5]

In 2012, Round Hill Capital acquired the Nido Student Living portfolio from The Blackstone Group. [6] The portfolio comprises 2,500 student beds in three towers in Central London, including the world's tallest student accommodation building at Prodigy Living Spitalfields. [7]

According to Reuters, as of October 2013, Vitus's enterprise value was 1.2-1.4 billion euros ($1.6-1.9 billion USD). At that time, the company had 30,000 apartments. Reuters stated that month that according to four individuals, Round Hill was considering how to sell Vitus. [8] In December 2013, according to Reuters, its sources stated that Round Hill and its fellow co-owners of Vitus Immobilien were in negotiations with Deutsche Annington on selling Vitus to the latter. [5]

Round Hill Capital has also acquired office buildings across Europe, including eight buildings totalling 2.5 million sq ft in Germany, Belgium, Netherlands and Austria. [9] [ citation needed ]

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References

  1. "Contact Us." Round Hill Capital. Retrieved on 10 April 2014. "250 Kings Road London SW3 5UE United Kingdom"
  2. McGee, Harry. "Give me a crash course in... bulk buying of housing". www.irishtimes.com. The Irish Times. Retrieved August 21, 2021.
  3. "About Us." Round Hill Capital. Retrieved on 9 April 2014.
  4. "Blackstone makes German exit." Property Week . 12 July 2007. Retrieved on 10 April 2014.
  5. 1 2 "Round Hill in advanced talks to sell German property firm -sources" (Archive). Reuters at Yahoo! News . 12 December 2013. Retrieved on 10 April 2014.
  6. "M&G in £266m property financing deal." The Financial Times . 2 May 2012. Retrieved on 10 April 2014.
  7. "Round Hill hopes Europe digs Nido student model." Property Week . 8 November 2013. Retrieved on 10 April 2014.
  8. "Round Hill weighs options for 1.2 bln German property firm-sources" (Archive). Reuters . Tuesday 8 October 2013. Retrieved on 10 April 2014.
  9. "Funderbeam". www.funderbeam.com. Retrieved February 20, 2018.