KanAm Group

What KanAm Group does

KanAm Group is a privately held German real estate investment firm founded in 1978 and headquartered in Munich, with additional offices in Frankfurt, Aschheim-Dornach, Atlanta, London, Paris, and Luxembourg. The group operates through three principal units: KanAm (Munich), which since 1978 has initiated 25 US closed-end real estate funds focused on shopping malls and office buildings alongside Simon Property Group and other partners; KanAm Grund Group (Frankfurt), a BaFin-licensed manager of open-end and closed-end real estate funds, special AIFs, and real estate asset management services; and EURAMCO (Aschheim-Dornach), an international fund and asset manager with over €4 billion in alternative assets spanning real estate, aircraft leasing, and renewable energy. Across the group, total assets under management reached approximately €11.06 billion as of 31 December 2021, and KanAm has distributed more than €1.8 billion back to investors from closed-end funds with average annual returns of 15%+ on terminated US vehicles.

Name

KanAm Group

Legal name

KanAm International GmbH

Website

https://kanam.de

Company type

Private

Founded year

1978

Operating status

Operating

Headcount range

51–100 employees

Short description

KanAm Group is a Munich-based, privately held German real estate investment firm founded in 1978 that originates and manages closed-end and open-end real estate funds for private and institutional investors, with primary exposure to US commercial property and over €11 billion in group AUM.

Ownership category

akta.pro rank

Product category

Real Estate Investment Management

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Agents & Managers (For Others) (6531), Investment Advice (6282)

akta.pro primary industry

Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

akta.pro secondary industries

Real Estate Funds — Core (Stabilized, Income) (FSANAEAF), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE)

Keywords

• Closed-end real estate funds
• Real estate asset management
• Commercial real estate investment
• Real estate investment management
• Open-ended real estate funds

Headquarters

HQ city

Munich

HQ country

Germany

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Others

Revenue model

1. Closed-End Real Estate Fund Management: KanAm generates revenue by initiating, managing, and distributing closed-end real estate funds for private and institutional investors. The company acts as sponsor, developer, operator, and manager of real estate investments in the USA, Australia, and Europe. Revenue comes from fund management fees and carried interest from successful fund performance.
2. EURAMCO Fund and Asset Management Services: EURAMCO, part of the KanAm Group, manages more than 4 billion euros in assets across 60 closed-end funds serving 40,000 private and institutional investors. Services include tailored fund and asset management, investor relationship management for third parties.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

KanAm Group initiates, develops, operates, manages, and distributes closed-end and open-end real estate funds for private and institutional investors, primarily focused on US commercial real estate (shopping malls and office buildings). The group operates through independent entities including KanAm (Munich, closed-end US funds), KanAm Grund Group (Frankfurt, open/closed-end funds and asset management), and EURAMCO (real estate, aircraft leasing, and renewable energy funds). Since 1978, the company has initiated 44 real estate funds and private placements, with €1.6 billion invested and €1.8 billion distributed to investors.

Product overview

KanAm Group is a German real estate investment company consisting of several independently operating entities offering yield-oriented capital investments primarily in commercial real estate. The core offerings include KanAm's closed-end US-focused real estate funds (44 funds initiated since 1978), the KanAm Grund Group's open-end and closed-end real estate funds and special funds for institutional investors, and EURAMCO's closed-end funds spanning real estate, aircraft leasing, and renewable energy. The group operates through distinct brands: KanAm (Munich, focused on closed-end USA funds), KanAm Grund Group (Frankfurt, offering open/closed real estate funds and asset management), and EURAMCO (Aschheim-Dornach, offering alternative investments in real estate and renewable energy).

Differentiator

Problem solved

Functional benefit

Brands

• KanAm Grund: Real estate investments in closed and open-end funds
• KanAm Grund Institutional
• KanAm Grund Spezial
• KanAm Grund REAM
• LEADING CITIES INVEST

Products and services

• KanAm Closed-End Real Estate Funds (Geschlossene Immobilienfonds) Closed-end real estate funds focused primarily on the United States market, offering private and institutional investors opportunities to invest in commercial real estate such as shopping malls and office buildings. Managed by KanAm in Munich.
• KanAm Grund Group Real Estate Investment & Asset Management Services International real estate investment, consultancy and asset management company offering closed-end and open-end real estate funds, real estate special funds, investment strategy development, transaction management, property valuation and management, and financing brokerage for private and institutional investors.
• KanAm Grund Open and Closed-End Real Estate Funds Open and closed-end real estate fund offerings for private and institutional investors, licensed by BaFin.
• KanAm Grund Institutional Real Estate Funds Institutional-focused real estate investment offerings, licensed by BaFin as capital management company.
• KanAm Grund Spezial Special Real Estate Funds (Spezial-AIF) Special real estate funds for institutional investors, including the first Spezial-AIF launched under KAGB (KanAm Grund Europa).
• KanAm Grund REAM Real Estate Asset Management Real Estate Asset Management services providing comprehensive asset management around real estate.
• EURAMCO Fund and Asset Management International fund and asset manager offering closed-end funds in domestic and foreign real estate, aircraft leasing, and renewable energy with more than €4 billion in total asset volume under management for private and institutional investors.
• LEADING CITIES INVEST First open-ended real estate fund of a new generation under the KAGB (Capital Investment Code), launched by KanAm Grund in 2013.
• KanAm Grund Europa Spezial-AIF First Special-AIF for institutional investors launched by KanAm Grund Spezial under KAGB in 2014.
• KanAm grundinvest Fonds First non-bank, independent open-ended real estate fund in Germany, launched in 2001. Ranked first in BVI statistics in 2002.
• KanAm US-grundinvest Fonds First open-ended real estate fund in US dollars authorized in Germany, launched in 2003.
• KanAm SPEZIAL grundinvest Fonds First open-ended real estate fund for institutional investors, launched by KanAm Grund Spezialfondsgesellschaft mbH in Frankfurt in 2005.

Quantifiable outcome

• Average annual return of 15%+ on terminated KanAm USA closed-end funds
• +4 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Simon Property GroupcoreStrategic or Co-development PartnerSimon Property Group is a major strategic partner for KanAm's US fund investments. KanAm-US funds invest alongside Simon Property Group in shopping malls and other commercial real estate across the United States to achieve optimal results for investors. This partnership represents a cornerstone of KanAm's US investment strategy spanning multiple decades.
• WestWind Capital PartnerscoreStrategic or Co-development PartnerWestWind Capital Partners was founded in 2000 and has been a key joint venture partner with KanAm for closed-end office real estate funds in the USA. Notable joint ventures include The Investment Building in Washington D.C. and Wachovia Financial Center in Miami, generating strong returns for investors.
• Mills CorporationcoreStrategic or Co-development PartnerThe Mills Corporation (predecessor Western Development) was a founding joint venture partner for KanAm's shopping mall funds in the USA starting from 1984. KanAm was founding stockholder and largest individual shareholder when Mills went public on NYSE as a REIT in 1994. This long-standing partnership enabled multiple successful shopping mall investments.
• Wilson LLP, CPAminorImplementation/ SI/ Consulting PartnerUS tax firm that handles US tax matters for KanAm investors. KanAm has cooperated with Wilson LLP for decades, providing investors with intermediary support for American tax affairs. This partnership addresses a critical operational need for investors in US real estate.

Scale indicators9 records

Recent moves14 records

Expansion highlights6 records

Direct peers

• Deka Immobilien: Deka Immobilien is one of Germany's largest open-ended and closed-end real estate fund managers and a direct competitor to KanAm in serving German retail and institutional investors with international property mandates.
• KGAL: KGAL is a German asset manager focused on real estate, infrastructure, and aircraft leasing — closely comparable to EURAMCO's portfolio of alternative-asset closed-end funds and KanAm's renewable energy and aircraft leasing exposure.
• PATRIZIA SE: PATRIZIA is a German-headquartered investment manager offering open-ended and closed-end real estate funds, special funds, and mandates — a direct competitor in the German Spezial-AIF and closed-end space.
• Commerz Real: Commerz Real is the real asset manager of Commerzbank, offering closed-end funds (e.g., Hausinvest) and direct investments in real estate and renewables. It competes with KanAm across both open-ended and closed-end retail products.
• Catella Real Estate: Catella Real Estate manages open-ended and closed-end real estate funds for German and Scandinavian investors, with overlapping institutional and private-client mandates similar to KanAm Grund's offerings.
• Union Investment Real Estate: Union Investment Real Estate manages open-ended and special real estate funds (UniImmo: Global, Europa, Wohnen) for retail and institutional clients, directly competing with KanAm Grund in the German Spezial-AIF and open-end fund space.

Broad incumbents

• Invesco Real Estate: Invesco Real Estate is a global manager of open-ended core funds and closed-end value-add vehicles, with comparable European institutional offerings and a broader geographic footprint than KanAm.
• DWS Real Estate: DWS (Deutsche Bank subsidiary) manages the Grundbesitz open-ended real estate fund family and global real estate mandates, competing with KanAm in both retail open-end funds and large institutional mandates at much greater scale.
• AXA Investment Managers Real Assets: AXA IM Real Assets manages core, value-add, and debt strategies across real estate and infrastructure, with Spezial-AIF and institutional mandates comparable to KanAm Grund Institutional's offering.

Emerging players

• Principal Real Estate Investors: Principal Real Estate Investors manages US and European real estate mandates with a comparable product mix to KanAm's US closed-end fund series, though typically positioned for institutional rather than retail distribution.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KanAm Group