Managing Director
Company
100% US-Multifamily
We manage every aspect of the acquisition, management, and disposition process for institutional-grade multifamily investments in the USA.
ParkProperty Capital
ParkProperty Capital is an investment management firm with an exclusive focus on institutional-grade multifamily real estate in the USA. We are 100% owned and controlled by the German Otto Family and operate out of Atlanta, GA and Hamburg, Germany. With an expert team on both sides of the Atlantic we source, structure and manage the US-Multifamily investment activities on behalf of the Otto Family and our third-party investors. We are part of a family-owned global real estate network that started in the 1960’s.
More than 55 years of global real estate expertise.
The long history of real estate experience of the Otto Family started in 1965, when Werner Otto founded ECE to develop the first shopping centers in Germany. Today ECE is a leading real estate company in Europe that develops, renovates and operates assets of all real estate types.
In America the Otto’s are active commercial real estate (CRE) investors in the office, retail and residential segments through its holdings in Paramount Group, SITE Centers, Retail Value Inc., Aliansce Sonae and its ownerships of ParkProperty Capital and Park Property Management.
The family’s expertise in Multifamily is rooted in the foundation of Park Property Management in the 1960s. Since its beginnings, the Toronto-based company has focused on the development, acquisition and management of multifamily properties and currently manages approximately 8,500 apartment units.
Acquisitions & Developments
We partner with best-in-class sponsors to invest in multifamily developments and acquisitions throughout the USA.
Acquisitions
Value Add
We acquire under-rented assets and partner with best-in-class sponsors to reposition them through cosmetic and structural improvements as well as hands-on asset management.
Core & Core+
We acquire stabilized Core and Core+ assets for long-term hold.
Developments
Build-To-Sell
We partner with best-in-class developers of Class A assets with the intention of constructing, leasing-up and selling as soon as the property is stabilized in order to maximize IRR.
Build-To-Hold
We partner with best-in-class developers of Class A assets in core locations with the intention of constructing, leasing-up, and refinancing with permanent debt in order to maximize long-term cash flow.
Values
Partnership
Cooperation
Subtlety
Creativity
Responsibility
Passion
Integrity
Sustainability
Team
Based in Atlanta, GA and Hamburg, Germany we are driven by a shared passion for US-Multifamily investments.
Atlanta, GA
Brendan
Whalen
- 15-years of multifamily and mixed-use investment experience
- MBA
Atlanta, GA
Matthew
Manning
Director of Finance
- 26-years of institutional finance and accounting experience
- BA
Atlanta, GA
Morgan
McClung
Vice President, Investments
- 8-years of multifamily and mixed-use investment experience
- BA
Hamburg, Germany
Christian
von Schwabe
Managing Director
- 11-years of development experience
- MA & Lawyer
Hamburg, Germany
Pascal
Klapp
Managing Director
- 6-years of investment experience
- MA
Hamburg, Germany
Benjamin
Schaper
Investment Board
- 7-years of global real estate investment experience
- 14-years experience in the structuring of investments
Hamburg, Germany
Alexander
Otto
Investment Board
- More than 30-years of global real estate investment experience
- CEO of the ECE Group
Capabilities
We specialize in building the bridge for European investors to US-Multifamily investments.
Acquisition
Deal & Partner Sourcing
Data driven market research, daily deal screening, property and local partner selection.
Due Diligence
Location and market analysis, feasibility study, risk assessment, financial modeling.
Financial Structuring
Debt and equity sourcing and structuring.
Structuring
Contracts
Negotiation, structuring and ratification of all contracts related to investment and construction.
Investment Vehicles
Structuring and management of Alternative Investment Funds (AIF) and Separately Managed Accounts for semi-professional and professional investors.
Investment Management
Asset Management
Management of the construction, renovation, property management and disposition processes.
Financial Controlling
Capital calls, financial monitoring, escalation management, financial accounting and auditing.
Financial Reporting
Regular reporting to investors, including quarterly financial and market reports.
Architecture & Design
Support from ECE – Architecture & Construction and ECE Creative Design Studio.
Legal & Tax Service
Strong partner network (in-house and external) for legal and tax concerns in Germany and the USA.
US-Network
Daily networking with best-in-class local partners (i.e. developers, financial institutions, institutional buyers).