a.s.r. reim
ASR Dutch Core Residential Fund

ASR Dutch Core Residential Fund

The portfolio comprises rental properties in the non-regulated market, predominantly located in the Randstad area....

Fund size
Fund size
Approximately € 0.9 billion
Total items
Total items
4,850
Expected return
Expected return
Total IRR of 6% - 8%
Occupancy
Occupancy
97.8 %

ASR Dutch Core Residential Fund

Interested? Please contact us!

a.s.r. real estate investment management gives institutional investors the opportunity to invest in the ASR Dutch Core Residential Fund (DCRF), which runs over € 0.9 billion in assets. The portfolio is the result of more than a century of investment and consists of a varied supply of high-quality apartments and single-family housing, chiefly in the middle bracket rental segment in the Randstad conurbation. This portfolio has an attractive risk-return profile and generates stable long-term rental income and attractive increases in value.

Strategy

The fund pursues a strategy focusing on the 13 strongest performing regions in the Netherlands in terms of demographics and economic outlook. The purpose of the fund is to generate a sustainable, stable and attractive return for its participants by investing in high-quality real estate and by managing and adding value to the existing portfolio.

dcrf strategie blok 1 engels

Defined as those with intrinsic value secured by the location, asset and
occupier characteristics:

• Fast Urban Living:young professionals/families/ empty nesters
• Easy Suburban Living: families
• Quiet Village Living:families
• Average and above average rental segments

 dcrf strategie blok 2 engels  

Strategic asset management
• Tight cost control
• Unlock reversionary potential
• Reducing vacancy
• Opportunities to enhance assets and improve income capital profile

 DCRF strategie blok 3 engels  

Via regular benchmarking and identifying:
• Core asset matching strategic aims for retained investments
• Continuously rejuvenating Portfolio
• Further build portfolio size to increase diversification with attractive
  investments

 dcrf strategie blok 4 engels  

Exit non-core assets by retail sales to capitalise the vacant possession premium
Forward funding to acquire new assets on attractive conditions, while maintaining a low leverage status

 


Disclaimer

Portfolio

The residential portfolio of ASR Dutch Core Residential Fund is characterised by its variety of medium-sized apartments and single-family homes, mainly in the Randstad

Why choose ASR Dutch Core Residential Fund?

  • A well-diversified portfolio with a specific focus on the best locations
  • Rental potential in the portfolio: 8% ‘leeway’ between contract and market rentals
  • Integrated organisational model – fund, asset and property management performed in-house
  • Fund strategy and active asset management based on research
  • Experienced and professional management platform
  • Attractive terms and conditions and a modern governance structure

Fund profile (as per 30 June 2016)

Fund name

ASR Dutch Core Residential Fund

Sector

Liberalised residential rental segment

Current fund size 

Approximately € 0.9 billion

Total number of objects

4.850

Dividend yield 

Expected average net dividend yield of > 4%

Expected return (IRR)

Total net IRR of 6% - 8% 

Risc Profile/investment style

Core

Duration

Unlimited life, closed-end fund

Leverage

In principle, nil (temporarily max 30%)

Fiscal structure

Mutual Fund

Governance

Meeting of Investors, Investment Committee

Shareholders

Institutional investors, minimum 20% co-investment a.s.r. 



About a.s.r. real estate investment management

a.s.r. real estate investment management (a.s.r. reim) has been investing in and managing real estate portfolios on behalf of institutional investors for more than 125 years.

Contact a.s.r. reim

You can contact a.s.r. reim at
T: +31 (0)30 257 2380

Mailing address
PO Box 2008
3500 GA Utrecht
Visiting address 
Archimedeslaan 10
3584 BA Utrecht