Frankonia Vermögensverwaltungs- und Beteiligungsgesellschaft

What Frankonia Vermögensverwaltungs- und Beteiligungsgesellschaft does

Frankonia Vermögensverwaltungs- und Beteiligungsgesellschaft mbH is a German real estate developer and long-term property holder headquartered in Erlangen, Bavaria, with a secondary office in Berlin. The company develops, acquires, and manages residential and mixed-use real estate across Germany, with portfolio concentrations in publicly subsidized housing (approximately 2,600 units), student and trainee housing under the Felixx sub-brand (3,090 apartments across 18 locations), market-rate housing (600 units), and commercial space (400 units). The firm operates a one-stop-shop model covering land acquisition, project development, construction management, and ongoing property administration, and emphasizes energy-efficient construction (KfW-40EE standard), barrier-free design, and mixed-use neighborhoods integrating residential, commercial, daycare, and senior housing components.

Frankonia is a wholly-owned subsidiary of FDS gemeinnützige Stiftung, a charitable foundation established in 2006 that traces its mission to the 1971 founding of the Förderkreis Deutscher Studenten e.V. in Erlangen. The company works in strategic partnership with Moses Mendelssohn Stiftung and Moses Mendelssohn Institut, which provide cultural positioning, market research, and feasibility study support — most visibly on the Samsonschule Wolfenbüttel revitalization, which delivered 155 subsidized student apartments in October 2025 and a publicly inaugurated quarter square in March 2026. Student apartments are marketed under the Felixx brand via a digital rental platform at rents starting at €390 and averaging €470 per month under a Pauschalmiete (all-inclusive rent) model.

The revenue model is built on long-term rental income across subsidized, student, market-rate, and commercial units, with no publicly disclosed revenue figure. GTM motion is sales-led and direct: the company acquires land, develops projects, and manages them under long-term ownership, targeting municipalities and institutional partners on the supply/development side and individual tenants on the demand side. The firm holds a Gewerbeerlaubnis gemäß § 34c GewO trade license from the City of Erlangen and operates with 51–100 employees. The two Managing Directors (Geschäftsführer) are Engelbert Maus and Günter Achenbach.

Name

Frankonia Vermögensverwaltungs- und Beteiligungsgesellschaft

Legal name

Frankonia Vermögensverwaltungs- und Beteiligungsgesellschaft mbH

Website

https://frankonia-immo.de

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Short description

Frankonia is a German real estate developer and long-term property holder specializing in publicly subsidized housing, student housing (Felixx brand, 3,090 apartments across 18 cities), market-rate and commercial units, with a foundation-owned structure and integrated project-to-administration model.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development and Management

NAICS

New Multifamily Housing Construction (except For-Sale Builders) (236116), Nonresidential Property Managers (531312)

SIC

Operative Builders (1531), Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)

akta.pro industry

PRIMARYBPAJAMAD

Multifamily & Student Housing Asset Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Real Estate Asset & Portfolio Management

SECONDARYBPAJAGAD

Multifamily (Apartment) Property Management

Business & Public Services/Real Estate Services (Brokerage, Property Management)/Commercial Property Management

Keywords

• Subsidized housing development
• Student housing operations
• Residential property management
• Mixed-use real estate
• Commercial property leasing

Headquarters

HQ city

Erlangen

HQ country

Germany

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Rental income from residential units: Long-term rental of publicly subsidized apartments, student apartments (Felixx), and privately financed residential units to tenants.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Frankonia develops, owns, and manages a diversified German real estate portfolio comprising publicly subsidized residential housing, student housing under the Felixx brand, market-rate residential units, and commercial properties. The company operates as both project developer and long-term property holder, executing the full lifecycle from land acquisition, planning, and construction through ongoing administration and tenant management. Its portfolio spans roughly 2,600 subsidized units, approximately 3,090 student apartments across 18 locations, around 600 market-rate units, and about 400 commercial units.

Product overview

Frankonia operates as a real estate development company managing a diversified portfolio of housing and commercial properties. The company operates primarily through its core offerings: publicly subsidized housing (Geförderter Wohnungsbau), market-rate housing (Freifinanzierter Wohnungsbau), student housing under the Felixx student sub-brand, commercial real estate (Gewerbe), and existing property management (Bestandsimmobilien). The Felixx student brand represents a specialized sub-brand focused on student micro-apartments with digital rental capabilities. The company functions as a project developer, investor, and long-term property holder, managing projects from planning through implementation to long-term administration, with a focus on affordable, barrier-free, and energy-efficient apartments in vibrant neighborhoods.

Differentiator

Problem solved

Functional benefit

Brands

• Felixx: Student housing brand operated by FDS Stiftung offering subsidized micro-apartments for students and trainees with digital rental processes, community spaces, and high occupancy rates at 18 locations with over 3,000 apartments across Germany.

Products and services

• Felixx Student Housing

Quantifiable outcome

• High occupancy rates at 18 student housing locations

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and secondary.

• FDS gemeinnützige StiftungcoreStrategic or Co-development PartnerFDS (Förderkreis Deutscher Studenten) gemeinnützige Stiftung is a non-profit foundation that operates student housing on a charitable basis. Founded 1971, converted to a foundation in 2006. It operates 18 student residence halls with 3,090 apartments under the Felixx student brand. The foundation handles central administration from Erlangen, manages central financial administration, coordinates repairs and maintenance, and oversees on-site management, rental agreements, and waitlists. It also manages community building and social activities through tutors.
• Moses Mendelssohn StiftungcoreStrategic or Co-development PartnerMoses Mendelssohn Stiftung, founded by descendants of Moses Mendelssohn and the Mendelssohn-Bartholdy family, promotes education, science, and research on European-Jewish history and culture. It brings cultural and historical expertise to selected projects, including the Samsonschule revitalization in Wolfenbüttel where Frankonia handles construction while the foundation manages cultural positioning and historical processing.
• Moses Mendelssohn Institut (MMI)secondaryStrategic or Co-development PartnerMMI, with locations in Berlin and Hamburg, is affiliated with the Moses Mendelssohn Stiftung and VICTORIA | Internationale Hochschule. It conducts real estate research and Jewish cultural heritage studies as a research partner for the Frankonia Group, providing market analyses, feasibility studies, demographic reports, and consulting on urban development.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• TAG Immobilien AG: German-listed residential real estate company focused on B-value apartments in northern Germany and beyond. Comparable in the German multifamily rental thesis but operates at broader scale and as a for-profit public company.
• Vonovia SE: Europe's largest residential landlord with a portfolio of more than 500,000 units across Germany, Austria, and Sweden. Not a niche peer but a broad incumbent in the same residential rental market, competing for tenants, acquisitions, and development land.
• LEG Immobilien SE: Major German residential landlord focused on North Rhine-Westphalia, managing more than 160,000 units. Overlaps with Frankonia's German multifamily rental focus but at much greater scale and as a publicly listed operator.

Direct peers

• HOWOGE Wohnungsbaugesellschaft mbH: Berlin municipal housing developer and manager focused on publicly subsidized and market-rate apartments, including mixed-use quarters with daycare and senior housing. Strong overlap with Frankonia's product mix and mission-driven orientation.
• SAGA Siedlungs-Aktiengesellschaft Hamburg: Hamburg's municipal housing company developing and managing a large subsidized and market-rate residential portfolio. Comparable to Frankonia in publicly subsidized multifamily focus, energy-efficient retrofits, and integrated social infrastructure (daycare, senior housing).
• GESOBAU AG: Berlin's municipal housing company with a portfolio of subsidized and market-rate multifamily housing. Comparable to Frankonia on publicly funded residential development, mixed social structures, and energy-efficient refurbishment programs.
• International Campus GmbH (The Fizz / Youniq): German student-housing operator (Fizz, Youniq brands) running fully furnished apartments in university cities. Directly comparable to Felixx on furnished student micro-apartments, digital rental processes, and amenity-driven positioning near German universities.
• Nassauische Heimstätte | Wohnstadt: Frankfurt-based developer and long-term manager of subsidized and market-rate residential housing across Hessen and beyond. Closely comparable to Frankonia in mission-driven affordable housing development, mixed-use quarter planning, and long-term portfolio stewardship.
• GAG Immobilien AG: Cologne municipal housing company that develops, holds, and manages affordable and market-rate residential units. Directly comparable to Frankonia on subsidized housing scale, mixed-use neighborhood development, and long-term holding model.
• GWG Städtische Wohnungsgesellschaft München: Munich's municipal housing company building and managing subsidized and freifinanzierte apartments for income-qualified households. Comparable to Frankonia on affordable housing development in high-cost metropolitan markets and long-term portfolio management.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/frankonia-verm-gensverwaltungs-u-beteiligungsges-mbh

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 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 Frankonia Vermögensverwaltungs- und Beteiligungsgesellschaft