We have advised a strategic joint venture comprising Starwood Capital Group, Stepstone Real Estate and Round Hill Capital in its sale to Meyer Bergman, a private equity real estate investment manager.
The residential portfolio consists of 800 residential and 125 commercial units spread over 60 properties and totals 775,000sq ft in the centre of Frankfurt. The joint venture acquired and assembled the residential property portfolio from private investors, responsibly investing in, enhancing and establishing a diversified, institutional-grade residential portfolio.
Our work on this landmark deal included advising on the structuring of the sales process, providing input during the DD and Q&A process as well as the preparation and negotiation of the relevant transaction documents. We worked seamlessly with our Luxembourg colleagues, demonstrating our collaborative approach across multiple jurisdictions.
The team was led corporate partner Oliver Beyer in our Munich office and by Thierry Somma in our Luxembourg office.
Commenting on the deal, Oliver said: “the successful sale of this large residential portfolio demonstrates our team’s long-standing client relationships in Germany as we previously advised the joint venture on its acquisition two years before."