What HPBA does

HPBA GmbH is a Berlin-based boutique advisory firm specializing exclusively in off-market real estate transactions in Germany. The firm matches property sellers with pre-qualified professional investors, family offices, and high net worth individuals through a curated, private network that bypasses public listing channels. HPBA claims to have accompanied over €7 billion in aggregate off-market real estate transactions over its operating history, including €1 billion in 2017 alone, with a documented 2022 transaction involving a 530-unit Berlin residential portfolio sold for €106.5 million. The company is registered as a German GmbH at Kurfürstendamm 67 in Berlin and holds a §34c GewO real estate brokerage license.

The core offering, HPBA Off-Market Solutions, is built on the firm's proprietary HPBA-Methode — a structured, branded methodology designed to match sellers with the "Best Buyer" and to deliver higher closing certainty and, the firm claims, often better prices than conventional brokerage. Supporting services include Transaktionsmanagement (transaction management with due diligence coordination) and M&A and Joint-Venture deal advisory. HPBA also publishes the HPBA Off-Market Studie, a recurring proprietary research publication based on a survey of 100 professional market participants. The firm maintains an Off-Market Briefing newsletter (distributed via Sendinblue) and a content presence through bylined articles by founder John Amram in leading German real estate trade publications (Immobilien Zeitung, Börsen-Zeitung).

HPBA operates a high-touch, direct sales motion with no self-service, marketplace, or channel-reseller distribution. Revenue is generated on a transaction-fee / success-fee basis negotiated per deal, consistent with the bespoke nature of the engagements. The firm targets enterprise clients — real estate funds, private equity investors, family offices, and large property owners — including named relationships with Valore SCA, TSC Property Fund, UKA Group, Pears Global Real Estate Advisors, Wertgrund AG, Berlin Prime, and Thor Equities. The firm is led by founder and Managing Director John Amram, has 1-10 employees, is privately held with no institutional or PE backing identified, and is supported by a PR partnership with PB3C GmbH.

Name

HPBA

Legal name

HPBA GmbH

Website

https://hpba.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1–10 employees

Short description

HPBA is a Berlin-based boutique advisory firm that matches sellers of large real estate assets with pre-qualified professional investors, family offices, and high net worth individuals for off-market transactions in Germany, operating on a transaction-fee model with a small senior team.

Ownership category

akta.pro rank

Product category

Real Estate Brokerage & Advisory

NAICS

Offices of Real Estate Agents and Brokers (531210)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multifamily Brokerage (BPAJABAD)

akta.pro secondary industry

Real Estate Strategy & Portfolio Consulting (Corporate/Institutional) (BPAJANAB)

Keywords

• Off-market real estate
• Real estate brokerage
• Investment advisory
• Transaction management
• Property investment

Headquarters

HQ city

Berlin

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Others

Revenue model

1. Transaction / Success Fees: HPBA earns fees upon successful completion of off-market real estate transactions. As a premium boutique advisor, the firm likely operates on a success-fee or transaction-fee basis tied to deal value, consistent with the high-touch, bespoke nature of its services and the absence of published pricing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

HPBA is a boutique advisory firm that brokers off-market real estate transactions in Germany, using its proprietary HPBA-Method to match property sellers with pre-qualified professional investors (the "Best Buyer") outside public market channels. The firm supports the full transaction lifecycle, including due diligence, M&A structuring, and joint-venture deal negotiation, and publishes the proprietary HPBA Off-Market Study as a market intelligence resource.

Product overview

HPBA is Germany's leading off-market real estate transaction specialist offering a unified advisory service built around its proprietary HPBA method. The core offering, HPBA Off-Market Solutions, connects sellers with optimal buyers through private channels outside public markets. Supporting services include Transaktionsmanagement (transaction management with due diligence support) and M&A und Joint-Venture-Deals advisory for complex deals. The company also publishes the HPBA Off-Market Studie (Off-Market Study), a scientific research publication on off-market transaction market trends.

Differentiator

Problem solved

Functional benefit

Products and services

• HPBA Off-Market Solutions Boutique off-market real estate transaction service that connects property sellers with pre-qualified professional investors outside of public market channels using HPBA's proprietary HPBA-Method, targeting higher closing certainty and often better sale prices than conventional brokerage.
• Transaktionsmanagement (Transaction Management)
• M&A und Joint-Venture-Deals Advisory
• HPBA Off-Market Studie (Off-Market Study)

Quantifiable outcome

• Over 7 billion euros in off-market real estate transactions accompanied by HPBA over its operating history
• +1 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

One partnership is on record.

• PB3C GmbHminorGTM or Marketing PartnerPB3C GmbH is HPBA's PR and communications agency of record, credited in the website imprint as the conceptual developer of HPBA's communications. PB3C is described as specializing in real estate and financial communications based in Berlin.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• JLL Germany (Jones Lang LaSalle): Global real estate services firm with a significant German capital markets and investment advisory practice. Competes for the same institutional seller and investor mandates as HPBA, particularly on larger commercial and portfolio transactions, but as a broad incumbent rather than an off-market specialist.
• Knight Frank Germany: International real estate consultancy with a German operation covering residential, commercial, and investment property advisory. Comparable as an intermediary competing for professional investor mandates in Germany, though operating across a broader product range than HPBA's off-market focus.
• Engel & Völkers: Hamburg-founded, now globally scaled residential and commercial real estate brokerage with strong presence in Germany. Comparable as a German-rooted intermediary brand serving high-end property sellers and professional buyers, though far larger and broader in scope than HPBA's off-market niche.
• CBRE Germany: Global commercial real estate services giant with a substantial German practice spanning investment properties, capital markets, and advisory. Comparable as a competing transaction intermediary for the same institutional buyers and sellers HPBA serves, but at vastly greater scale and breadth.
• Cushman & Wakefield Germany: Global commercial real estate services firm with German investment sales and capital markets advisory. Comparable as a competing intermediary serving institutional property owners and investors in Germany, with overlapping capabilities in M&A and transaction advisory.

Direct peers

• Grossmann & Berger: Hamburg-headquartered German real estate brokerage and advisory firm serving commercial and residential clients across Germany. Comparable to HPBA as a long-established German intermediary facilitating investment property transactions for institutional and private clients.
• Aengevelt Immobilien: Family-owned German real estate brokerage and advisory firm headquartered in Düsseldorf, operating across commercial and investment properties in Germany. Directly comparable to HPBA as an independent, relationship-driven German intermediary serving institutional property owners and investors.
• Ziegert Immobilien: Berlin-based boutique real estate brokerage and advisory firm focused on premium residential and investment property in the German capital region. Closely comparable to HPBA on geography (Berlin), boutique positioning, and focus on high-value property transactions for discerning sellers and investors.
• NAI Apollo Group: German commercial real estate advisory and brokerage firm operating across investment, office, retail, and logistics assets. Comparable to HPBA as a Germany-focused intermediary serving professional investors and institutional owners on transaction mandates.

Emerging players

• Blackbird Real Estate: Berlin-based boutique real estate company focused on premium residential and investment property transactions. Comparable to HPBA as a small, Berlin-centric boutique serving high-value property sellers and investors, though operating at smaller scale and more residential tilt.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hpba-real-estate-services

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

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 HPBA