Vesteda is a service-oriented institutional residential investor with a large and varied portfolio of homes in attractive neighbourhoods in the Netherlands. With a portfolio of 27,290 residential units, we are the largest Dutch independent institutional residential investor. Vesteda is internally managed, is cost-efficient and has in-house property management.
Established in 1998 as Vesteda Woningen (Vesteda Residential Fund) as a spin-off of the residential portfolio of Dutch pension fund ABP
Single fund manager
Internally managed: no management fee structures and carried interest arrangements
Open-ended core residential real estate fund
Broad institutional investor base with a long-term horizon
Attractive risk profile
Limited use of leverage (target <30%); S&P credit rating BBB+
Active investor relations policy
In-house property management since 2003
Governance in accordance with best practice guidelines, including INREV, with the emphasis on transparency and alignment of interests
AIFMD (Alternative Investment Fund Managers Directive) licence obtained in 2014
Transparent for tax purposes (fund for the joint account of participants; Dutch FGR fund structure)
GRESB five-star rating (the highest) and ranking of third in a peer group of 16