The real estate family and investment office, PAMERA Real Estate Partners (PAMERA), concluded 2024 with the acquisition of two additional properties valued at approximately €40 million. This brings the company’s total acquisitions last year to over €300 million.

The newly acquired properties include a medical centre located at Sauerbruchstraße 48 in the Grosshadern district of Munich. The 3,000 sq m, fully leased property was built in 2004 and was sold by an international private equity fund. In addition to several medical practices, the building features a PENNY supermarket as its anchor tenant on a long-term lease. Ideally situated for its use case, the property is located adjacent to the renowned Klinikum Großhadern and the U6 underground station. PAMERA plans to hold the asset for the long term. Savills acted as the intermediary for the seller.

The second acquisition is an apartment building located at 308 East 78th Street in New York City’s Upper East Side. PAMERA purchased the fully leased property in a joint venture with PEAK Capital Advisors as its local partner. The building comprises 37 residential units and two retail spaces and will undergo significant renovations over the coming years, with planned investments amounting to several million dollars.

In 2024, PAMERA successfully completed eight acquisitions, with a total transaction volume exceeding €300 million. Three of these transactions were in the United States, specifically in New York City and Denver, Colorado. These acquisitions were supported by PAMERA’s New York City office, which was established last year. The office was created to provide comprehensive support to German family offices and high-net-worth private investors seeking opportunities in the North American real estate market, offering services ranging from strategic planning to operational execution along the entire value chain. PAMERA’s investment focus in North America includes the Sunbelt states, as well as the metropolitan regions of New York and Boston, with selective opportunities in Canada.

Christoph Zapp, Founder and Managing Partner of PAMERA, shared his outlook for the coming year: “For us as a family office, the current market phase is ideal. We have taken advantage of favourable acquisition yields and market disruptions to expand our portfolio counter-cyclically at what is likely the low point of the investment market. In 2025, we will continue to seize such opportunities, with a particular focus on further expanding our investments in the United States.”

As of 2024, PAMERA’s assets under management grew to 88 properties and projects, comprising office, residential, and hotel asset classes. These assets are located across 26 locations in Germany and the United States, with a total rental space exceeding 370,000 square metres and a combined value of over €1.6 billion.