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

Delaware Delaware ( ) is a U.S. state, state in the Mid-Atlantic (United States), Mid-Atlantic and South Atlantic states, South Atlantic regions of the United States. It borders Maryland to its south and west, Pennsylvania to its north, New Jersey ...

, 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 lies between the Baltic Sea and the North Sea to the north and the Alps to the south. Its sixteen States of Germany, constituent states have a total popu ...

, the

Netherlands , Terminology of the Low Countries, informally Holland, is a country in Northwestern Europe, with Caribbean Netherlands, overseas territories in the Caribbean. It is the largest of the four constituent countries of the Kingdom of the Nether ...

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Spain Spain, or the Kingdom of Spain, is a country in Southern Europe, Southern and Western Europe with territories in North Africa. Featuring the Punta de Tarifa, southernmost point of continental Europe, it is the largest country in Southern Eur ...

Sweden Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic count ...

Ireland Ireland (, ; ; Ulster Scots dialect, Ulster-Scots: ) is an island in the North Atlantic Ocean, in Northwestern Europe. Geopolitically, the island is divided between the Republic of Ireland (officially Names of the Irish state, named Irelan ...

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

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 bank and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in 42 countries and more than 80,000 employees, the firm's clients in ...

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. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide writing in 16 languages. Reuters is one of the largest news agencies in the world. The agency ...

'' at ''

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''. 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. It was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson, Peter Peterson and Stephen A. Schwarzman, Stephen Schwarzman, who h ...

. 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), also known as a hall of residence, a residence hall (often abbreviated to halls), or a hostel, is a building primarily providing sleeping and residential qu ...

building at

Prodigy Living Spitalfields Prodigy, Prodigies or The Prodigy may refer to: * Child prodigy, a child who produces meaningful output to the level of an adult expert performer ** Chess prodigy, a child who can beat experienced adult players at chess Arts, entertainment, and m ...

. 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 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