Propvest

What Propvest does

Propvest, operated by Hamburg-based EPH Investment GmbH, is a BaFin-regulated digital platform that enables German retail investors to access tokenized real estate investments starting from €25 per month. The company originated in 2014 as part of the Exporo Group and was relaunched under the PROPVEST brand in 2021 as a successor to the 'Exporo Bestand' offering. Its core products are PROPVEST Immobilien-Sparplan (an automated, diversified monthly savings plan), PROPVEST Select (self-directed property selection), and PROPVEST Handelsplatz (a real-time secondary marketplace for trading property shares with sub-24-hour settlement). The platform issues blockchain-based tokenized securities (tokenbasierte Schuldverschreibungen) for each property, with custody provided by Tangany and payment infrastructure by Mangopay and Secupay.

Propvest serves German retail investors seeking fractional, liquid exposure to real estate without the capital requirements and illiquidity of direct ownership. Its technology stack combines a digital wallet (Digitales Schließfach), fully digital KYC/AML onboarding, native iOS/Android apps, and the Handelsplatz marketplace. The platform is regulated under WpHG and KWG and holds TÜV Saar certification. Distribution relies on direct digital channels, trust signals (regulatory compliance, third-party certifications, Trustpilot reviews), and a Miles & More loyalty partnership that allows investors to earn frequent flyer miles on investments.

Propvest's revenue model is not publicly disclosed but is understood to derive from (i) spreads on property acquisitions in the €5-15M mid-cap segment, (ii) ongoing management fees from Mieterlöse (rental income), and (iii) a 0.5% listing fee on the Handelsplatz that is currently suspended. Platform usage is marketed as free for investors. The company reports 16,000+ investors, €20.39M+ in cumulative distributed returns, and €18.82M in cumulative secondary-market transaction volume with 19,818 completed trades.

Name

Propvest

Legal name

EPH Investment GmbH

Website

https://www.propvest.de

Company type

Private

Operating status

Operating

Short description

Propvest is a BaFin-regulated German digital platform that enables retail investors to access tokenized real estate investments from €25 per month, offering automated savings plans, self-directed property selection, and a real-time secondary marketplace for trading property shares.

Ownership category

akta.pro rank

Product category

Digital Real Estate Investment

NAICS

Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)

SIC

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

akta.pro primary industry

Real Estate Funds — Core (Stabilized, Income) (FSANAEAF)

akta.pro secondary industry

Real Assets — Real Asset Fund Platforms / Multi-Asset Real Assets (Diversified Real Assets Funds) (FSAHAIAM)

Keywords

• Tokenized real estate
• Digital property investment
• Real estate savings plan
• Real estate marketplace
• Blockchain securities

Headquarters

HQ city

Hamburg

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Digital Commerce or Content

Cost components

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

Revenue model

1. Platform Usage Fees: The platform states that usage is free for investors. However, fees may be embedded in investment products. Further details not publicly disclosed.
2. Marketplace Transaction Fees: Sellers pay a 0.5% listing fee on successful sales through the PROPVEST Handelsplatz. The company notes this fee may currently not be charged due to technical restructuring.
3. Investment Product Fees: Fees are embedded in the investment products offered. The platform acquires properties in the mid-cap segment (€5-15 million) and converts them into investable securities. The spread between acquisition cost and offering price, plus ongoing management fees from Mieterlöse (rental income), likely forms a primary revenue stream.
4. Miles & More Partnership Revenue: Partnership with Miles & More allows customers to collect miles on investments, suggesting a revenue-sharing or affiliate arrangement with the loyalty program.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Propvest operates a digital platform that enables German retail investors to invest in tokenized real estate securities starting from €25. The platform offers automated savings plans (Immobilien-Sparplan), self-directed property selection (Select), and a secondary marketplace (Handelsplatz) for trading property shares in real-time. Investments are backed by mid-cap German properties (€5–15 million), with quarterly distributions from rental income and professional property management.

Product overview

PROPVEST is a digital real estate investment platform operated by EPH Investment GmbH, offering multiple integrated products for accessing the real estate asset class. The platform architecture centers on three main investment products: (1) PROPVEST Immobilien-Sparplan for automated recurring monthly investments starting at €25 with built-in diversification, (2) PROPVEST Select for self-directed property selection, and (3) PROPVEST Handelsplatz for secondary market trading of property shares in real-time. These products are supported by token-based securities issued per property and a digital wallet (PROPVEST Konto) for settlement. The platform also offers mobile apps for iOS and Android. All offerings are regulated under WpHG and KWG, and the platform is fee-free for users while generating revenue through property acquisition, management, and the 0.5% trading fee.

Differentiator

Problem solved

Functional benefit

Brands

• PROPVEST Select: Self-directed real estate investment allowing users to build their own custom portfolio from available properties.
• PROPVEST Immobilien-Sparplan
• PROPVEST Handelsplatz

Products and services

• PROPVEST Immobilien-Sparplan Automated real estate savings plan allowing users to invest starting from €25 per month with automatic diversification across multiple properties. Configurable monthly contributions that the system allocates across properties to maintain risk distribution; fully adjustable at any time. Targets German retail investors seeking passive wealth accumulation.
• PROPVEST Select Self-directed investment product allowing users to choose specific properties from the platform's offerings to build a personalized real estate portfolio. Returns from Mieterlöse are distributed quarterly with investment terms typically 10 years. Targets German retail investors wanting control over property selection.
• PROPVEST Handelsplatz Digital marketplace for buying and selling real estate shares in real-time. Enables users to trade property shares independently of the investment term, with transactions settled in under 24 hours. Sellers pay a 0.5% listing fee (currently not being charged due to technical restructuring). Provides liquidity for tokenized real estate investments.
• PROPVEST Mobile App Native iOS and Android mobile application enabling users to access their accounts, manage investments, and trade property shares on the go. Provides the full Propvest platform experience on mobile devices for retail investors.

Quantifiable outcome

• 3.52% p.a. achieved distribution rate from 2018-2023
• +3 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• TÜV SaarminorOthers · 1 January 2021TÜV Saar provides certification services for the Propvest platform, granting the 'TÜV-geprüftes Onlineportal Vermittlungsservice' certification. This certification validates the platform's quality and safety standards for financial services mediation.
• MangopaycoreTechnology or IntegrationMangopay provides payment infrastructure for the Propvest platform, handling payment processing and wallet services. Investors' bank data is not stored by Propvest but forwarded directly to Mangopay for secure processing.
• SecupaycoreTechnology or IntegrationSecupay serves as an alternative payment service provider for processing payments on the Propvest platform, alongside Mangopay. Handles payment processing and forwarding to appropriate payment service providers.
• Tangany GmbHcoreTechnology or IntegrationTangany provides depot management services for the Propvest platform, enabling custody of tokenized securities. Customers enter into a separate depot agreement with Tangany upon investment.
• PersoniominorOthersPersonio provides HR management software used by EPH Investment GmbH (Propvest operator) for recruitment and applicant tracking. The recruitment process primarily operates through Personio's career portal.
• Miles & MoreminorGTM or Marketing PartnerMiles & More is Lufthansa's frequent flyer program partnership with Propvest. Investors can collect miles (up to 10,000 per offer) when investing through Propvest, providing an incentive for customer acquisition and retention.
• TrustpilotminorOthersTrustpilot provides review platform services for Propvest, enabling customers to rate and review the platform. Propvest may contact users via email to request reviews for platform optimization purposes.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Emerging players

• RealT: US-based tokenized real estate platform issuing blockchain-based fractional ownership of US rental properties. Comparable on tokenization, fractional ownership and digital marketplace model, though with US real-estate focus.

Direct peers

• EstateGuru: European online real estate investment and lending marketplace offering fractional exposure to property-backed loans and assets to retail and institutional investors. Comparable on marketplace model, fractionalization, and pan-European distribution angle.
• Housers: Spanish real-estate crowdfunding/online investment platform enabling retail investors to access property assets with low minimums and a secondary trading capability. Comparable on retail fractional real-estate investing, marketplace model and European geographic profile.
• Exporo: Sister platform to Propvest under the same operator EPH Investment GmbH (Exporo Gruppe); offers retail German real-estate investments online using the same operational, regulatory and technology stack. Directly comparable on product, customer and regulatory positioning.
• Bricks: Digital real estate investment platform offering fractional ownership starting at low minimums. Comparable product-market fit (retail fractional ownership), and a focus on tokenization-style distribution.

Broad incumbents

• Scalable Capital: German retail broker and robo-advisor with a large, recurring investment (Sparplan) customer base. Comparable to Propvest's automated savings mechanic at the retail brokerage layer; not a real-estate specialist but a credible distribution and product overlap.
• Trade Republic: German-headquartered retail broker with millions of customers offering stocks, ETFs, savings plans and increasingly alternative products. Potential adjacent competitor to Propvest for retail-savings-plan and tokenized-asset distribution at scale, though it does not specialize in tokenized real estate.

Regional players

• Crowdestate: Estonian-origin European real-estate crowdfunding platform serving retail investors across multiple European countries. Comparable product (online fractional real-estate investing), with a Nordic/Baltic regional bias that complements rather than overlaps Propvest's German footprint.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 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 Propvest