BrickVest, the online real estate investment platform, has announced its first successful exit less than 18 months after it launched its platform.
The investment alongside CORESTATE Capital Group, the residential portfolio and commercial real estate markets investment firm, featured a sizeable national German retail portfolio of 23 assets.
European investors who invested in the BrickVest Fund Harvest 1 LLP have achieved returns of 31 per cent. In comparison, the FTSE EPRA/NAREIT Developed Europe Index generated return of 18 per cent over the same period. These lucky investors, have been able to invest on the primary market as well as on the secondary market offered by BrickVest. As a result, most active traders achieved an impressive 40 per cent IRR in 6 months.
The exit was initially expected to go through in Q4 2020 however the first dividend distribution was made by CORESTATE Capital Group in March this year at around 2 per cent net yield.
Thomas Schneider, Chief Investment Officer at BrickVest, commented: “The strength of the returns speak to the quality of the investments BrickVest selects for its platform. We focus exclusively on institutional grade investments investing alongside leading real estate investment managers. For the first time ever private investors can access the same investment opportunities as large institutional investors such as pension funds and insurance companies.”
Remi Antonini, Head of Ratings at BrickVest, commented: “Following the successful exit, investors using the BrickVest platform have achieved a superior return from an institutional-quality fund led by a strong real estate investment manager. This attractive absolute return was realised in the context of a controlled risk profile as the fund invested in a diversified and income-producing German retail portfolio with a cautious gearing level.”
Less than 18 months after its successful launch, BrickVest has built the only pan-European online crowd investing platform that allows its community of investors to invest directly and actively manage their investment in institutional grade commercial real estate investment opportunities.
The founding team has an extensive experience in real estate, investment services and technology. BrickVest is shifting the model of how to invest in real estate across the globe by combining the best practices of institutional quality investing in real estate with cutting edge technology, first-class governance and regulatory framework that puts the investor first.
BrickVest has also continued to demonstrate its commitment to democratise best in class governance and risk management standard, becoming the only European online real estate platform to gain a Full-scope AIFM license, the highest regulatory fund management standard in Europe, in an industry known for its opacity and lack of governance. These vetted investment opportunities with strong risk management framework were previously only accessible to large institutions such as pension funds and insurance companies.
