Deutsche Asset One
Deutsche Asset One is a Berlin-based, owner-managed investment and asset management boutique focused on German residential real estate for institutional investors, managing approximately EUR 1.9 billion in AUM across four in-house service lines and multiple specialized fund mandates.
- Company typePrivate
- Founded1998
- HeadquartersBerlin, Germany
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Deutsche Asset One does
Deutsche Asset One GmbH is an independent, owner-managed investment and asset management boutique headquartered in Berlin, focused exclusively on German residential real estate for institutional investors. The firm traces its origins to Dupuis Asset Management (founded 1998) and was formally incorporated on October 1, 2015 to consolidate all German residential investment and asset management activities under one entity. Managing partners Frank Dupuis, Oliver Lenhardt, and Thilo von Stechow lead a team of approximately 45-46 employees, deploying more than 25 years of specialized residential real estate experience across roughly 25 investment locations in Germany.
The company's service offering is structured around four in-house competencies: Investment Management, Portfolio Management, Asset Management, and Financial Services (including Fund Services, Fund Accounting, Funds Reporting, Corporate Management, Treasury, and IT process certification). It manages specialized funds such as Union Investment's "Wohnen Deutschland Spezial" (target equity EUR 750 million) and "Residential Value Germany," alongside bespoke individual mandates for German institutional investors. Investment strategies span Wohnen Deutschland (nationwide residential), Subsidized Housing (Gefördertes Wohnen), Active Adult Living (senior housing), and Alternative Housing Forms (Co-Living, Serviced Multi-Family, Corporate Housing, Mixed Use). The firm reports assets under management of approximately EUR 1.9 billion as of 2024, up from EUR 540 million in 2016.
Deutsche Asset One generates revenue through asset management fees on portfolios managed on behalf of institutional investors, including insurance companies, pension funds, cooperative bank Depot A investors, foundations, and family offices. The firm does not publicly disclose pricing; mandate structures are bespoke with individual property values starting from approximately EUR 3 million and portfolios up to 3,000 residential units. The go-to-market motion is exclusively direct B2B sales targeting established German institutional investors, anchored by a long-standing exclusive partnership with Union Investment since 2011. The firm maintains a proprietary data ecosystem for portfolio and ESG reporting, an in-house Innovation Club for ESG strategy, and a government-certified sustainability workshop dating to 2013, well before ESG became a regulatory requirement.
Deutsche Asset One firmographics
Firmographics- Name
- Deutsche Asset One
- Legal name
- Deutsche Asset One GmbH
- Website
- https://deutscheassetone.com
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Deutsche Asset One is a Berlin-based, owner-managed investment and asset management boutique focused on German residential real estate for institutional investors, managing approximately EUR 1.9 billion in AUM across four in-house service lines and multiple specialized fund mandates.
- Ownership category
- akta.pro rank
Deutsche Asset One industry classification
Industry- Product category
- Residential Real Estate Asset Management
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259), Other Financial Vehicles (525990)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Investment Advice (6282)
- akta.pro primary industry
- Real Assets — Fund-of-Funds & Secondaries (FSAAAKAK)
- akta.pro secondary industry
- Real Assets Fund of Funds (Real Estate / Infrastructure / Natural Resources FoF) (FSAHAKAG)
Keywords
Where Deutsche Asset One is headquartered
LocationHeadquarters
- HQ city
- Berlin
- HQ country
- Germany
- HQ region
- Europe
Offices1 record
Markets served
Deutsche Asset One 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: Deutsche Asset One generates revenue through asset management fees for managing residential property portfolios on behalf of institutional investors. As an owner-managed investment boutique, they provide comprehensive management services including investment management, asset management, and financial services for residential real estate portfolios.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Deutsche Asset One product offering
Product offeringCore offering
Deutsche Asset One is an independent, owner-managed investment and asset management boutique providing end-to-end residential real estate investment and asset management services for institutional investors in Germany. The firm delivers investment management, portfolio management, asset management, and financial services across value-add, core/core+, and opportunistic strategies, while operating fund vehicles such as a special AIF and an open-ended real estate fund investing in German Wohnimmobilien.
Product overview
Deutsche Asset One is an independent, owner-managed investment and asset management boutique offering a comprehensive suite of services for residential real estate in Germany. The core offering includes Investment Management, Portfolio Management, Asset Management, and Financial Services (Fund Services, Fund Accounting, Treasury, IT certification), all delivered in-house with own personnel. Investment strategies encompass Residential Germany, Subsidized Housing, Active Adult Living, and Alternative Housing Forms (Co-Living, Serviced Multi-Family, Corporate Housing, Mixed Use). The company manages specialized funds such as Wohnen Deutschland Spezial and Residential Value Germany for institutional investors including insurance companies, pension funds, and cooperative banks. Deutsche Asset One does not issue its own products but focuses on building and managing residential property portfolios for national and international investors.
Differentiator
Problem solved
Functional benefit
Products and services
- Investment Management End-to-end residential real estate transaction sourcing, structuring, and execution service for institutional investors in Germany, covering value-add, core/core+, and opportunistic strategies.
- Portfolio Management Strategic portfolio construction, performance monitoring, and ongoing management of German residential real estate portfolios on behalf of institutional investors.
- Asset Management Operational, value-add, and ESG-driven asset management of German residential real estate, including capex programs and smart heating integration via the termios partnership.
- Financial Services Accounting, controlling, financial reporting, regulatory reporting, and tax structuring for residential real estate investment vehicles and individual mandates.
- Wohnen Deutschland Spezial (Special Fund) Special Alternative Investment Fund (Spezial-AIF) vehicle investing in German residential real estate, designed for professional and institutional investors.
- Residential Value Germany (Open-ended Real Estate Fund) Open-ended German real estate fund providing institutional investors with diversified exposure to German residential property assets.
Quantifiable outcome
- Assets Under Management of 1.9 billion EUR
- +3 more outcomes
Companies that use Deutsche Asset One
Customer profileNamed customers7 records
Segments3 records
Ideal customer profiles1 record
Deutsche Asset One technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature2 records
Deutsche Asset One partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- BUWOGcoreBUWOG (70 years of residential real estate experience) is developing the SPEICHERBALLETT quarter in Berlin-Spandau. Deutsche Asset One represents the special fund acquiring the senior living property upon completion. BUWOG is a subsidiary of Vonovia SE.
- advita Pflegedienst GmbHminoradvita (part of DomusVi group since 2021) operates the senior living facility including 90 apartments for assisted living, two dementia care groups, and day care with 36 places in the BUWOG SPEICHERBALLETT project.
- DIE WOHNKOMPANIE Nord and Wilhelm WallbrechtminorJoint venture between WOHNKOMPANIE Nord and Wilhelm Wallbrecht for the Bergquartier project in Magdeburg (56 units). Deutsche Asset One represents the special fund that owns the property.
- KW-DevelopmentcoreKW-Development (founded 2012) specializes in developing entire city quarters and has developed approximately 2,500 residential and commercial units since founding. Deutsche Asset One acquired the Strausberg project (158 units) on behalf of an institutional special fund managed by Deutsche Asset One.
- Wüest Partner DeutschlandminorStrategic research partnership to analyze residential investment attractiveness across European markets. Deutsche Asset One and Wüest Partner jointly published a study identifying European residential investment hotspots based on analysis of 20 countries and 25 cities.
- Haupt Immobilien and Bucher PropertiescoreJoint venture between two Munich-based project developers who partnered to realize an urban quarter development of 150,000 square metres in Regensburg. Deutsche Asset One acquired 190 flats as part of the second construction phase for Union Investment-managed funds.
- Personio GmbHminorPersonio provides personnel administration and applicant management software. The company operates the database for Deutsche Asset One's HR processes as a data processor under Art. 28 GDPR.
- Zusammen Zuhause GmbHminorZusammen Zuhause GmbH manages and operates the senior living property in Spandau upon completion, working with advita Pflegedienst for care services.
Scale indicators17 records
Recent moves7 records
Expansion highlights6 records
Deutsche Asset One competitors and assessment
Company assessmentBroad incumbents
- LEG Immobilien SE: One of Germany's largest listed residential landlords (~165,000 units), focused on North Rhine-Westphalia. Comparable German residential exposure and institutional-grade operations, though operates as an owner-operator rather than a fund manager.
- TAG Immobilien AG: Listed German residential real estate company with a portfolio of ~85,000 units concentrated in northern and eastern Germany. Comparable German residential focus but as an owner-operator rather than a third-party asset manager.
- Union Investment Real Estate: Deutsche Asset One's anchor client's real estate division and one of Europe's largest open-ended real estate fund managers. Comparable German residential focus but operates its own in-house management for many mandates, making it both a partner and a competitor.
- Patrizia SE: Germany-headquartered listed real estate investment manager with EUR 50B+ AUM across multiple real estate strategies including residential. Comparable institutional client base and German residential exposure, but at significantly greater scale.
- Deka Immobilien: German real estate fund manager (part of DekaBank/Sparkassen group) with EUR 50B+ AUM and active German residential mandates. Comparable institutional LP base (German cooperative and savings banks), though at meaningfully larger scale.
- Invesco Real Estate: Global real estate investment manager with European residential strategies including German exposure. Comparable institutional client base and cross-border capital pooling, but at global scale and broader asset-class scope.
Others
- Wüest Partner: Swiss-headquartered real estate research and consulting firm that Deutsche Asset One partnered with for European residential investment analysis. Comparable as an ecosystem participant providing market intelligence that supports Deutsche Asset One's investment decisions.
Direct peers
- Catella Real Estate: European-focused real estate investment manager with a German residential and mixed-use platform. Highly comparable as a mid-sized, multi-strategy residential/real estate manager serving institutional clients across Europe.
- Empira Group: Munich-based investment manager specializing in German residential real estate for institutional investors. Closest comparable as a focused, mid-sized German residential specialist competing for similar institutional mandates.
- KGAL Group: German real assets and investment manager with significant residential and real estate strategies for institutional clients. Comparable independent owner-managed model and institutional mandate focus.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Deutsche Asset One social profiles
Digital presenceDeutsche Asset One compliance and trust
Trust signalCompliance2 records
Deutsche Asset One financial estimates
Financial estimateRevenue estimate
Valuation estimate
Deutsche Asset One leadership team
Management profileNumber of profiles
Profiles9 records
Deutsche Asset One subsidiaries and ownership
Company hierarchySubsidiaries1 record
Deutsche Asset One funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Deutsche Asset One 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 Deutsche Asset One
What does Deutsche Asset One do?
Deutsche Asset One is an independent, owner-managed investment and asset management boutique providing end-to-end residential real estate investment and asset management services for institutional investors in Germany. The firm delivers investment management, portfolio management, asset management, and financial services across value-add, core/core+, and opportunistic strategies, while operating fund vehicles such as a special AIF and an open-ended real estate fund investing in German Wohnimmobilien.
Is Deutsche Asset One a public or private company?
Deutsche Asset One is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Deutsche Asset One founded?
Deutsche Asset One was founded in 1998. It employs 11 to 50 people.
Where is Deutsche Asset One based?
Deutsche Asset One is headquartered in Berlin, Germany, in the Europe region.
How does Deutsche Asset One make money?
One revenue line is on record: asset Management Fees.
Who are Deutsche Asset One's main competitors?
Broad incumbents on record are LEG Immobilien SE, TAG Immobilien AG, Union Investment Real Estate, Patrizia SE, Deka Immobilien and Invesco Real Estate. Wüest Partner is listed as an others. Direct peers are Catella Real Estate, Empira Group and KGAL Group.
Does Deutsche Asset One have an API?
No public API is recorded for Deutsche Asset One.
What industry is Deutsche Asset One in?
Deutsche Asset One's product category is Residential Real Estate Asset Management. Its primary akta.pro industry code is FSAAAKAK, Real Assets — Fund-of-Funds & Secondaries, with a secondary code of FSAHAKAG, Real Assets Fund of Funds (Real Estate / Infrastructure / Natural Resources FoF). Its NAICS code is 523940 and its SIC code is 6531.