aam2core Holding
aam2core Holding AG is a Frankfurt-based real estate investment and asset manager operating six German offices with ~110 staff, managing ~€3.5B AUM across seven funds covering residential, office, logistics, and micro-/student-living for institutional and family office clients.
- Company typePrivate
- Founded2017
- HeadquartersFrankfurt, Germany
- Headcount11–50
- GTM typeB2B
- OfferingServices
What aam2core Holding does
aam2core Holding AG is a Frankfurt am Main-headquartered real estate investment and asset management platform operating across Germany through six office locations and approximately 110 employees. Founded in 2017, the company manages seven real estate funds and approximately 1.95 million square meters of rental space, with assets under management of roughly €3.5 billion across residential, office, logistics/light industrial, and micro-/student-living strategies. The founders and senior team carry a stated career transaction track record exceeding €50 billion, providing credibility with German institutional and family office capital providers.
The platform operates through two material subsidiaries: aam2core Service GmbH, which holds BaFin registration as a Kapitalverwaltungsgesellschaft (KVG) enabling the management of regulated German real estate funds, and aam2green Advisory GmbH, a dedicated ESG advisory entity that provides a fee-generating sustainability consulting vertical decoupled from AUM. Equity ownership rests with the three founders (Stefan de Greiff, Prof. Dr. Nico B. Rottke, and Michael Schleich), two family offices that invested in 2022, and a four-person management board following the July 2024 appointment of Jens Ebert.
Revenue is generated through management fees on regulated funds and segregated mandates, transaction and acquisition fees, performance fees where applicable, JV co-investment economics, and ESG advisory mandates. The company has executed significant inorganic expansion, including the October 2022 acquisition of CORESIS and joint ventures with international capital partners including NREP (December 2024) and TPG Angelo Gordon, alongside a portfolio of additional institutional and family office relationships. Bayerische Versorgungskammer (BVK) is publicly identified as a key institutional client.
aam2core Holding firmographics
Firmographics- Name
- aam2core Holding
- Legal name
- aam2core Holding AG
- Website
- https://aam2core.com
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- aam2core Holding AG is a Frankfurt-based real estate investment and asset manager operating six German offices with ~110 staff, managing ~€3.5B AUM across seven funds covering residential, office, logistics, and micro-/student-living for institutional and family office clients.
- Ownership category
- akta.pro rank
aam2core Holding industry classification
Industry- Product category
- Real Estate Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Corporate Strategy Advisory (BPAHADAA)
Keywords
Where aam2core Holding is headquartered
LocationHeadquarters
- HQ city
- Frankfurt
- HQ country
- Germany
- HQ region
- Europe
Offices6 records
Markets served
aam2core Holding business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Asset Management Fees: Recurring management fees from overseeing real estate portfolios for institutional investors, family offices, and special fund solutions. The aam2core Service GmbH (BaFin-registered KVG) acquires and manages office properties for semi-professional investors in direct mandates and seven special fund solutions.
- Investment Management: Investment management services for real estate funds and joint ventures, including transaction-based revenues from acquisitions and dispositions of properties
- ESG Consulting: Sustainability consulting services through aam2green Advisory GmbH for internal mandates and external third-party clients
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
aam2core Holding product offering
Product offeringCore offering
aam2core Holding AG is an independent real estate investment and asset management firm that acquires and manages real estate portfolios across residential, office, logistics & light industrial, and micro- & student-living asset classes in Germany and the DACH region. Through its BaFin-registered subsidiary aam2core Service GmbH, the company provides seven special fund solutions and direct mandates for semi-professional investors, while aam2green Advisory GmbH offers ESG advisory services to internal and third-party clients. The firm manages approximately EUR 3.5 billion across roughly 1.95 million sqm of rental space via an integrated, active asset management approach spanning the full real estate lifecycle.
Product overview
aam2core Holding AG operates as an integrated real estate investment and asset management platform for residential, office, logistics/light industrial, and micro-/student-living properties in Germany and Austria. The company operates through two primary subsidiaries: aam2core Service GmbH (formerly CORESIS Management GmbH, a BaFin-registered Kapitalverwaltungsgesellschaft offering seven special fund solutions and direct mandates for office properties), and aam2green Advisory GmbH (established March 2026 as a standalone ESG consulting arm serving both internal mandates and external third-party clients). The platform provides the full real estate lifecycle via active asset management, investment management, and proprietary sustainability advisory services, managing approximately 3.5 billion EUR in assets across roughly 1.95 million m² of rental space.
Differentiator
Problem solved
Functional benefit
Brands
- aam2green: Internal ESG advisory brand operated by aam2green Advisory GmbH; provides sustainability consulting to both internal mandates and third-party clients. Also accessible via www.aam2core.de/aam2green.
- aam2core Service GmbH
- DIE ZIMMEREI
Products and services
- Real Estate Special Fund Solutions BaFin-registered special real estate fund solutions offered through aam2core Service GmbH (formerly CORESIS Management GmbH) for semi-professional investors, covering German municipal properties, micro-living, and diversified commercial real estate strategies. Each fund is a regulated investment vehicle managed by the KVG subsidiary.
- Residential Investment Management Investment and asset management services for residential real estate portfolios, including multi-family housing, for institutional investors, family offices, and for the company's own balance sheet. Coverage spans the German and DACH residential market.
- Office Investment Management Investment and asset management services for office properties, including value-add and core-plus office assets in B-markets, managed through the BaFin-regulated aam2core Service GmbH. Includes direct mandates and seven special fund solutions for semi-professional investors.
- Logistics & Light Industrial Investment Management Investment and asset management services for logistics and light industrial properties across Germany and the DACH region, including large-scale industrial and logistics parks.
- Micro- & Student-Living Investment Management Investment and asset management services for micro-apartments and student housing properties, including specialized platforms for Purpose-Built Student Accommodation (PBSA) management in German and Austrian university cities. Includes the BVK Micro-Living fund platform with approximately 3,200 units managed across the DACH region.
- ESG Advisory Services Sustainability consulting covering environmental, social, and governance criteria, including ESG strategy development, EU taxonomy compliance, sustainability strategy implementation, and sustainability reporting. Services offered both internally and to third-party market participants via aam2green Advisory GmbH.
Quantifiable outcome
- Transaction volume exceeding 50 billion EUR
- +2 more outcomes
Companies that use aam2core Holding
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles4 records
aam2core Holding technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
aam2core Holding partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and major.
- aam2green Advisory GmbHcoreIn-house sustainability consulting subsidiary spun out as independent entity offering ESG advisory services to third parties. Operated by Dr. Thomas Worschech and Lars Salomon.
- NREPcoreNordic real estate investor forming joint venture with aam2core for sustainable residential value-add investments in Germany. First acquisition was a residential property in Cologne. NREP is part of Urban Partners platform.
- NUMA GroupmajorEuropean leader in digitized boutique apartments operating 112 serviced apartments in the 4711 Micro-Living complex in Cologne-Ehrenfeld. Long-term Green-Lease contract with comprehensive technological modernization.
- ReoscoreDigital property manager handling 136 Micro Living units at 4711 Cologne-Ehrenfeld and managing PBSA platform with 11 properties and 3,300 units in DACH region. Long-term partnership for property management services.
- TPG Angelo GordoncoreJoint venture partner for Ettlingen industrial park (180,000 sqm, 120,000 sqm rental space). Successfully sold the property to Elite Partners Capital in June 2024 after active asset management optimization.
- Orange Capital PartnersmajorReal estate investment firm that acquired Cosmopolitan portfolio in North Rhine-Westphalia with aam2core providing asset management and PHP providing property management.
- One Investment Management (OneIM)majorCo-investor with Orange Capital Partners in Cosmopolitan portfolio acquisition in NRW, with aam2core handling asset management.
- Universal InvestmentcoreFund service platform partner for multiple special real estate funds including Deutsche Kommunalimmobilien II and Article 8 ESG-aligned funds. One of Europe's leading fund platforms with over 964 billion EUR in assets.
- CORESIS Management GmbH (now aam2core Service GmbH)coreAcquired company specializing in Core-Plus office properties in B-markets. Merger completed October 2022 expanded aam2core to over 3 billion EUR in managed assets and 75 employees.
- ReoscoreDigital property manager and operational partner for Micro-Living portfolio management. Reos operates under the brand 'DIE ZIMMEREI' with focus on digital services for student housing and micro-apartments.
- Cara Real EstatemajorJoint venture partner for HPE Germany headquarters acquisition in Böblingen (16,500 sqm). Acquired together in March 2021 and repositioned as VOLT office complex.
- Instone Real EstatecoreDevelopment partner for the FRANKY residential quarter project in Frankfurt Gallus. Instone develops the 1,300-unit residential project while aam2core handles acquisition and subsequent asset management. The project features innovative sustainability with heat supply from neighboring data center waste heat.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
aam2core Holding competitors and assessment
Company assessmentDirect peers
- Patrizia SE: Augsburg-headquartered European real estate investment manager with a comparable active asset-management model across residential and commercial assets; the most direct competitor in the German mid-market and former employer of aam2core board member Jens Ebert.
- KGAL: Munich-based investment manager specialising in long-term real estate and infrastructure investments for institutional investors in the DACH region, with a similar active-management, regulated-fund vehicle structure.
- Catella: Stockholm-based European real estate investment manager with active asset and fund management across multiple European countries; comparable size and multi-country investment focus to aam2core's DACH-centric platform.
- LaSalle Investment Management: Global real estate investment manager (Jones Lang LaSalle subsidiary) running core, value-add and debt strategies across Europe, including Germany; competes for the same institutional separate-account and fund mandates.
- Savills Investment Management: London-headquartered real estate investment manager with European fund vehicles and separate accounts covering German residential, office and logistics; directly comparable multi-strategy, multi-country platform.
Broad incumbents
- Union Investment Real Estate: Hamburg-headquartered real estate investment arm of Union Investment Group, managing open-ended real estate funds for institutional and retail clients in Germany and Europe; a much larger incumbent offering comparable fund and asset-management services.
- DWS Group (Real Estate): Frankfurt-listed global asset manager with a sizable European real estate division offering regulated funds and separate-account mandates; a broad incumbent competing for the same German institutional capital.
- BNP Paribas Real Estate Investment Management: Paris-based real estate investment management arm of BNP Paribas offering institutional funds and mandates across Europe, including DACH; a broad incumbent with overlapping product set and similar institutional client base.
Others
- Universal Investment: Frankfurt-based fund platform and one of aam2core's largest distribution partners (>€964bn AuS); not a competitor but a critical ecosystem counterpart for its KVG and special-fund vehicles.
Emerging players
- TPG Real Estate Partners (Angelo Gordon): Real estate platform of TPG that has executed multiple JV partnerships with aam2core (e.g. Ettlingen industrial park) and is now part of TPG Real Estate Partners; overlapping DACH focus and a peer for institutional JV capital.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
aam2core Holding social profiles
Digital presenceaam2core Holding financial estimates
Financial estimateRevenue estimate
Valuation estimate
aam2core Holding leadership team
Management profileNumber of profiles
Profiles13 records
aam2core Holding subsidiaries and ownership
Company hierarchySubsidiaries2 records
aam2core Holding funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
aam2core Holding 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 aam2core Holding
What does aam2core Holding do?
aam2core Holding AG is an independent real estate investment and asset management firm that acquires and manages real estate portfolios across residential, office, logistics & light industrial, and micro- & student-living asset classes in Germany and the DACH region. Through its BaFin-registered subsidiary aam2core Service GmbH, the company provides seven special fund solutions and direct mandates for semi-professional investors, while aam2green Advisory GmbH offers ESG advisory services to internal and third-party clients. The firm manages approximately EUR 3.5 billion across roughly 1.95 million sqm of rental space via an integrated, active asset management approach spanning the full real estate lifecycle.
Is aam2core Holding a public or private company?
aam2core Holding is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was aam2core Holding founded?
aam2core Holding was founded in 2017. It employs 11 to 50 people.
Where is aam2core Holding based?
aam2core Holding is headquartered in Frankfurt, Germany, in the Europe region.
How does aam2core Holding make money?
Three revenue lines are on record. Asset Management Fees are the primary driver. The others are investment Management and ESG Consulting.
Who are aam2core Holding's main competitors?
Direct peers on record are Patrizia SE, KGAL, Catella, LaSalle Investment Management and Savills Investment Management. Broad incumbents are Union Investment Real Estate, DWS Group (Real Estate) and BNP Paribas Real Estate Investment Management. Universal Investment is listed as an others. TPG Real Estate Partners (Angelo Gordon) is listed as an emerging player.
Does aam2core Holding have an API?
No public API is recorded for aam2core Holding.
What industry is aam2core Holding in?
aam2core Holding's product category is Real Estate Asset Management. Its primary akta.pro industry code is BPAHADAA, Corporate Strategy Advisory. Its NAICS code is 523940 and its SIC code is 6282.