ER Capital NV
ER Capital NV is a publicly listed Dutch real estate company (Euronext: ERC) that operates a vertically integrated platform investing in, developing, leasing, and managing mid-size commercial real estate across the Netherlands, serving private and institutional investors through funds, bonds, and private debt.
- Company typePublic
- Founded2007
- HeadquartersRotterdam, Netherlands
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What ER Capital NV does
ER Capital NV is a publicly listed Dutch real estate company (Euronext Amsterdam: ERC) headquartered in Rotterdam that operates a vertically integrated real estate value chain covering capital structuring, AIFMD-regulated fund management, property acquisition, development, leasing, and in-house property management. The company focuses exclusively on Dutch commercial real estate, primarily mid-size multi-tenant office buildings of 1,000–4,000 m² and light-industrial assets, holding a portfolio of 20+ properties across the Netherlands including locations in Hoofddorp, Zeist, Zoetermeer, Eindhoven, Deventer, Delft, and Den Helder.
The firm serves private and institutional investors through a multi-product investment platform comprising real estate investment funds (e.g., FGR Boreelkazerne Deventer, KCN Tower and KCN Life, Geusselt Businesspark), publicly offered real estate bonds paying 4%–8% annual interest with monthly distributions from a €12,000 minimum, and private debt instruments. Corporate finance advisory services and property management/exploitation are offered to entrepreneurs and external property owners. Tenant base spans creditworthy enterprises including NXP Semiconductors, Neptune Energy, Shurgard, TotalEnergies, Nestlé Health Science, Merz Pharma Benelux, and Naviva under long-term inflation-indexed leases.
The business is led by founder and CEO Sebo Jan Eelkman Rooda (active in Dutch real estate since 2007), with an Investor Relations team headed by Eva Olde Monnikhof and a Supervisory Board chaired by Georg Werger. Following a 2024–2025 reverse listing from Titan NV, ER Capital is executing an active acquisition programme (Zeist, Boreelkazerne, Nieuwegein, Geusselt) and a joint venture with Blink B.V./JAJO to enter residential development. Revenue mechanics combine recurring rental income and fund management fees with transactional development gains and bond/private debt spread income, with a targeted 6% cash dividend yield on ordinary shares.
ER Capital NV firmographics
Firmographics- Name
- ER Capital NV
- Legal name
- ER Capital NV
- Website
- https://ercapital.nl
- Company type
- Public
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ER Capital NV is a publicly listed Dutch real estate company (Euronext: ERC) that operates a vertically integrated platform investing in, developing, leasing, and managing mid-size commercial real estate across the Netherlands, serving private and institutional investors through funds, bonds, and private debt.
- Ownership category
- akta.pro rank
ER Capital NV industry classification
Industry- Product category
- Commercial Real Estate Investment
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Real Estate Investment Trusts (6798), Security Brokers, Dealers & Flotation Companies (6211)
- akta.pro primary industry
- Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)
- akta.pro secondary industries
- Commercial Real Estate Asset Management (BPAJAMAB), Real Estate Credit / Debt Funds (FSANAEAJ), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)
Keywords
Where ER Capital NV is headquartered
LocationHeadquarters
- HQ city
- Rotterdam
- HQ country
- Netherlands
- HQ region
- Europe
Offices1 record
Markets served
ER Capital NV business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Real Estate Rental Income: Core revenue stream from leasing commercial properties including multi-tenant office buildings (1,000-4,000 m²) and light-industrial spaces. Rental contracts include annual inflation adjustments per CBS indices, providing natural hedge against inflation. Revenue generated from approximately 20+ properties across the Netherlands.
- Fund Management Fees: One-time structuring fees from initiating and structuring real estate investment funds, combined with ongoing management fees and potential profit-sharing arrangements. ER Capital structures AIFMD-regulated fund products for investors.
- Real Estate Development: Revenue from active redevelopment and repositioning of properties within the portfolio. Strategic selection of locations with redevelopment potential, quality improvements, and value creation. Examples include residential redevelopment of Hoofddorp properties (200-500 units planned) and joint venture residential development.
- Corporate Finance Services: Fees from supporting entrepreneurs and investors with real estate financing and refinancing in the Netherlands, including financing structure analysis, structuring, and alignment with portfolio, cash flows, and market conditions.
- Bond and Private Debt Interest: ER Capital issues real estate bonds (4%-8% annual interest) and private loans to investors, generating spread income. Minimum investment of €12,000 for bonds with flexible terms.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Real Estate Bonds - 4% to 8% annual interest rate |
| Subscription | Multi-year contract | Private Loans - Tailored investment terms |
| Subscription | Annual | Ordinary Shares Dividend - €0.06 per share annually (6% yield) |
| Subscription | Annual | Preferred Shares Dividend - €0.06 per share annually |
| Subscription | Annual | M Shares - 20% of profit after regular dividend |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
ER Capital NV product offering
Product offeringCore offering
ER Capital NV is a publicly listed Dutch real estate investment company that initiates and structures AIFMD-regulated real estate investment funds, issues real estate bonds (4%-8% annual interest, monthly payouts, minimum €12,000) and private debt instruments, and actively manages a portfolio of mid-size multi-tenant office buildings and light-industrial properties across the Netherlands. The company operates a vertically integrated real estate value chain covering capital structuring, fund management, acquisition, project development, active leasing, and property management for its own portfolio and on behalf of fund investors.
Product overview
ER Capital NV operates as a publicly listed real estate investment company (ticker: ERC, Euronext) with a fully integrated real estate value chain. The company offers a multi-product investment platform comprising: (1) Real Estate Investment Funds for direct property co-investment opportunities, including specific funds such as FGR Boreelkazerne Deventer, KCN Tower and KCN Life, and Geusselt Businesspark; (2) Real Estate Bonds offering 4%-8% annual interest with monthly payouts starting from EUR 12,000; (3) Private Debt instruments for private lending exposure; and (4) Comprehensive services including Property Management and Exploitation, Property Development, and Corporate Finance advisory. The company focuses exclusively on mid-size multi-tenant office buildings (1,000-4,000 m²) and light-industrial properties across the Netherlands.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Investment Funds (Fondsen) AIFMD-regulated real estate investment funds initiated and structured by ER Capital, offering investors exposure to carefully selected Dutch commercial real estate. Generates one-time structuring revenues, recurring management fees, and potential profit-sharing arrangements.
- Real Estate Bonds (Obligaties) Publicly offered fixed-income products with annual interest rates ranging from 4% to 8% based on selected term, monthly payouts, flexible maturity terms, and minimum participation starting at €12,000.
- Private Debt (Onderhandse leningen) Private lending products offering fixed returns for investors seeking direct exposure to ER Capital's real estate financing activities, with terms negotiated individually on a multi-year basis.
- FGR Boreelkazerne Deventer Real estate investment fund offering investors exposure to the Boreelkazerne national monument property in Deventer.
- KCN Tower and KCN Life Real estate investment proposition featuring two office buildings in Nieuwegein, structured as an investable fund vehicle.
- Geusselt Businesspark Planned real estate investment fund targeting the Businesspark Geusselt property in Maastricht.
- Property Management and Exploitation Internal commercial, technical, and administrative management of commercial real estate properties, including daily tenant contact, active portfolio expansion, and optimization of rental income across the owned and managed portfolio.
- Property Development Active (re)development and repositioning of properties within the real estate portfolio, including strategic selection of locations with redevelopment potential, quality improvements, and value creation such as residential redevelopment of Hoofddorp properties and joint venture residential development with Blink B.V.
- Corporate Finance Advisory Advisory services supporting entrepreneurs and investors with real estate financing and refinancing in the Netherlands, including analysis and structuring of financing aligned with portfolio, cash flows, and market conditions.
Quantifiable outcome
- 6% annual cash dividend yield on ordinary shares
- +3 more outcomes
Companies that use ER Capital NV
Customer profileNamed customers10 records
Segments4 records
Ideal customer profiles3 records
ER Capital NV technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
ER Capital NV partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Blink B.V. (part of JAJO)minorER Capital entered into a joint venture with Blink B.V., part of JAJO, for joint residential development projects. This partnership enables ER Capital to pursue housing development opportunities as part of its value creation strategy.
Scale indicators6 records
Recent moves7 records
Expansion highlights5 records
ER Capital NV competitors and assessment
Company assessmentBroad incumbents
- Patrizia AG: German listed real estate investment manager offering fund management and direct investment across European real estate. Comparable as a listed, integrated European real estate platform with fund structuring and asset management, though much larger and broader in scope.
- Cofinimmo SA: Large Belgian listed REIT operating healthcare, office, and retail real estate across Europe. Comparable as a broader Benelux-listed REIT with office exposure and integrated fund/asset management, though much larger and more diversified.
- a.s.r. real estate: Dutch real estate investment manager (part of ASR Nederland) managing diversified Dutch real estate across residential, offices, and logistics for institutional clients. Comparable for Dutch-focused real estate investment management, though embedded within a larger insurance group.
Direct peers
- NSI N.V. Dutch listed office REIT investing in multi-tenant office properties across the Netherlands. Directly comparable in geography (Netherlands-only) and asset class (offices), making it the closest public-market peer for ER Capital's core portfolio.
- Eurocommercial Properties N.V. Dutch listed REIT focused on retail real estate in Italy, France, Belgium, and Sweden. Comparable as a Dutch-domiciled, publicly listed specialist real estate investment company with vertically integrated management, though ER Capital is Netherlands-only and smaller.
- Vastned Retail N.V. Dutch listed REIT focused on premium retail real estate in the Netherlands, Belgium, Spain, and France. Comparable as a Netherlands-domiciled listed real estate investment company with a similar institutional investor base and active leasing/management approach.
- WDP NV (Warehouses De Pauw): Belgian-Dutch listed REIT focused on logistics and semi-industrial real estate in the Benelux, France, and Romania. Comparable for its Benelux-listed light-industrial/logistics overlap with ER Capital's light-industrial segment.
- Altera Vastgoed NV: Dutch listed fund manager investing in Dutch residential and commercial real estate via public funds. Comparable as a Netherlands-focused listed real estate investment company operating an AIFMD-style fund platform.
- Intervest Offices & Warehouses NV: Belgian listed REIT focused on multimodal logistics and office properties in Belgium and the Netherlands. Comparable as a smaller-cap listed European REIT with an overlap in office and light-industrial/logistics assets and a similar direct-investor focus.
Others
- Blink B.V. (JAJO): Dutch property developer and partner of ER Capital in the June 2026 residential development joint venture. Relevant as a developer counterparty and as a comparison for residential development activity, though not a listed REIT competitor.
Market position
Strengths4 records
Weaknesses3 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
ER Capital NV social profiles
Digital presenceER Capital NV financial estimates
Financial estimateRevenue estimate
Valuation estimate
ER Capital NV leadership team
Management profileNumber of profiles
Profiles6 records
ER Capital NV funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ER Capital NV M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ER Capital NV
What does ER Capital NV do?
ER Capital NV is a publicly listed Dutch real estate investment company that initiates and structures AIFMD-regulated real estate investment funds, issues real estate bonds (4%-8% annual interest, monthly payouts, minimum €12,000) and private debt instruments, and actively manages a portfolio of mid-size multi-tenant office buildings and light-industrial properties across the Netherlands. The company operates a vertically integrated real estate value chain covering capital structuring, fund management, acquisition, project development, active leasing, and property management for its own portfolio and on behalf of fund investors.
Is ER Capital NV a public or private company?
ER Capital NV is a public company. It is classified as public and is currently operating.
When was ER Capital NV founded?
ER Capital NV was founded in 2007. It employs 1 to 10 people.
Where is ER Capital NV based?
ER Capital NV is headquartered in Rotterdam, Netherlands, in the Europe region.
How does ER Capital NV make money?
Five revenue lines are on record. Real Estate Rental Income is the primary driver. The others are fund Management Fees, real Estate Development, corporate Finance Services and bond and Private Debt Interest.
Who are ER Capital NV's main competitors?
Broad incumbents on record are Patrizia AG, Cofinimmo SA and a.s.r. real estate. Direct peers are NSI N.V., Eurocommercial Properties N.V., Vastned Retail N.V., WDP NV (Warehouses De Pauw), Altera Vastgoed NV and Intervest Offices & Warehouses NV. Blink B.V. (JAJO) is listed as an others.
Does ER Capital NV have an API?
No public API is recorded for ER Capital NV.
What industry is ER Capital NV in?
ER Capital NV's product category is Commercial Real Estate Investment. Its primary akta.pro industry code is BPAJAMAJ, Real Estate Portfolio & Fund Management (Institutional/REIT/PE), with a secondary code of BPAJAMAB, Commercial Real Estate Asset Management. Its NAICS code is 523940 and its SIC code is 6532.