Round Hill Capital LLC (RHC) is a fully integrated real estate investment and management company founded in

Delaware Delaware ( ) is a state in the Mid-Atlantic region of the United States, bordering Maryland to its south and west; Pennsylvania to its north; and New Jersey and the Atlantic Ocean to its east. The state takes its name from the adjacent Del ...

, United States of America. The company has 14 offices globally in the UK,

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...

, the

Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...

Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...

Spain , image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , i ...

, Sweden, Ireland, Singapore and the United States. The firm's business model is alleged to be adding to Ireland's housing crisis.

History

It was founded in 2002 by Michael Bickford, a former

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

Real Estate Funds professional. In 2007, Round Hill Capital acquired the Vitus Group, a German residential real estate operator with over 30,000 apartments in seven countries. Vitus was acquired for 1.3 billion euros ($1.8 billion U.S.).Round Hill in advanced talks to sell German property firm -sources

. ''

Reuters Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was estab ...

'' at ''

Yahoo! News Yahoo! News is a news website that originated as an internet-based news aggregator by Yahoo!. The site was created by a Yahoo! software engineer named Brad Clawsie in August 1996. Articles originally came from news services such as the Associate ...

''. 12 December 2013. Retrieved on 10 April 2014. In 2012, Round Hill Capital acquired the Nido Student Living portfolio from

The Blackstone Group Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate bu ...

. The portfolio comprises 2,500 student beds in three towers in Central London, including the world's tallest

student accommodation A dormitory (originated from the Latin word ''dormitorium'', often abbreviated to dorm) is a building primarily providing sleeping and residential quarters for large numbers of people such as boarding school, high school, college or university s ...

building at Prodigy Living Spitalfields. According to

, 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. 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 Deutsch or Deutsche may refer to: *''Deutsch'' or ''(das) Deutsche'': the German language, in Germany and other places *''Deutsche'': Germans, as a weak masculine, feminine or plural demonym *Deutsch (word), originally referring to the Germanic ve ...

on selling Vitus to the latter. 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.

References

{{Reflist

External links

Official website
Companies based in London