Triple Net Capital
- Company typePrivate
- Founded2016
- HeadquartersHarju, Estonia
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Triple Net Capital does
Triple Net Capital OÜ is an Estonian-owned real estate development company founded in 2016 and headquartered in Tallinn. The company develops integrated residential and commercial real estate primarily across the Tallinn metropolitan area (Peetri, Saue, central Tallinn) and Tartu. It serves individual home buyers (families, young professionals), real estate investors seeking rental yield and capital appreciation, and corporate housing clients needing employee accommodation near Tallinn business districts. The company was recognized in 2022 by Kantar Emor as one of Estonia's top 5 most prestigious real estate developers based on home-buyer feedback.
The portfolio includes VEKTOR (200 apartments plus ~8,500 m² commercial at Pärnu maantee 137, the first LEED Gold-certified residential building in Estonia), Kesk-Peetri (248 apartments across a multi-stage district with Peetri Park), Luther Quarter (400 planned apartments plus ~40,000 m² commercial and a 5,000 m² park in central Tallinn), Kadakamarja Kodu (104 apartments in Saue), Uus-Nõmme (90 apartments), Veskikodu (48 family apartments), Krati Quarter (134 micro-apartments for rental accommodation), and the Harkumõisa suburban project (eight 4-storey energy class A buildings). Technical features include smart home systems with individual cooling and consumption monitoring, rooftop gardens, EV charging, and sustainability design. The company also holds commercial property via subsidiary Danfor OÜ (Kapitali Maja office building in Tartu) and provides real estate transaction advisory services.
Triple Net Capital generates revenue primarily through one-time residential apartment sales, commercial property sales and rentals, property management services, and transaction advisory fees. Pricing is quote-based and project-specific, distributed through project-specific websites (vektor.ee, keskpeetri.ee, luther.ee, kadakamarja.ee, etc.), on-site sales offices with model apartments, and direct corporate contact channels. Core operational partnerships include Nordecon AS (EUR 38M VEKTOR construction contract), Kala House OÜ (investment partner for Luther Quarter), LHV Pank (construction financing), and architectural/engineering firms KTA, Sweco Projekt, and Inseneribüroo Telora for LEED-compliant design.
Triple Net Capital firmographics
Firmographics- Name
- Triple Net Capital
- Legal name
- Triple Net Capital OÜ
- Website
- https://triplenetcapital.ee
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Ownership category
- akta.pro rank
Triple Net Capital industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Other Activities Related to Real Estate (531390), Real Estate Property Managers (53131), Nonresidential Property Managers (531312), Lessors of Other Real Estate Property (53119)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531), Real Estate Operators (No Developers) & Lessors (6510)
- akta.pro primary industry
- Residential Real Estate Asset Management (BPAJAMAA)
- akta.pro secondary industries
- Mixed-Use Property Management (BPAJAGAE), Multifamily Apartment Property Management (BPAJAFAA)
Keywords
Where Triple Net Capital is headquartered
LocationHeadquarters
- HQ city
- Harju
- HQ country
- Estonia
- HQ region
- Europe
Offices1 record
Markets served
Triple Net Capital business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Others
Revenue model
- Residential Property Sales: Development and sale of residential apartments to individual home buyers and investors. Revenue generated from apartment sales across multiple residential projects.
- Commercial Property Sales and Rental: Development and sale of commercial spaces including retail and office premises. Rental income from commercial properties in portfolio such as Krati Quarter micro-apartments.
- Property Management Services: Management of completed properties in portfolio including Hilton Tallinn Park advisory services and Kapitali Maja office building ownership.
- Transaction Advisory: Advising on real estate transactions including structuring deals and serving as exclusive advisor as demonstrated in the Hilton Tallinn Park sale.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Residential apartments across multiple projects |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
Triple Net Capital product offering
Product offeringCore offering
Triple Net Capital develops and sells residential and mixed-use real estate projects across Estonia, including multi-stage apartment districts, family-oriented suburban developments, and commercial properties. The company also provides property management services for select owned assets (e.g., Kapitali Maja office building) and transaction advisory for institutional real estate clients. Its portfolio includes LEED Gold-certified smart buildings and energy class A developments.
Product overview
Triple Net Capital is an Estonian real estate development company that creates integrated living environments with infrastructure and public space. The company's portfolio consists of multiple residential and commercial development projects across Estonia, primarily in the Tallinn metropolitan area. Key products include VEKTOR (LEED Gold-certified mixed-use complex), Kesk-Peetri (multi-stage residential district with 248 apartments), Luther Quarter (historic redevelopment with 400 apartments and commercial space), Kadakamarja Kodu (104 apartments in Saue), Uus-Nõmme (90 apartments near Harku forest), Veskikodu (48 family apartments in Peetri), and Krati Quarter (134 micro-apartments for rental accommodation). The company also manages commercial properties including Kapitali Maja in Tartu. Projects range from residential-only developments to mixed-use complexes combining residential and commercial functions, with some featuring sustainability certifications like LEED Gold.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- First residential building in Estonia to achieve LEED Gold certification
- +2 more outcomes
Companies that use Triple Net Capital
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles4 records
Triple Net Capital technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Triple Net Capital partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core, major and supporting.
- Nordecon AScoreMain contractor for Vektor construction project. Nordecon AS signed approximately 38 million EUR contract to build the 200-apartment Vektor complex. Project completed in 2023.
- Kadarik.Tüür.Arhitektid (KTA)coreArchitecture firm responsible for Vektor building design. Mihkel Tüür and Ott Kadarik lead the team that created the architectural design for the mixed-use development.
- Riser EhitusmajorConstruction company that built Kesk-Peetri residential district and Veskikodu family development. Responsible for construction of multiple residential projects.
- Arhitektuuribüroo KorrusmajorArchitecture firm that designed Veskikodu project, creating the architectural solutions for the family-focused residential development.
- Sweco ProjektsupportingEngineering firm collaborated with Nordecon and Inseneribüroo Telora on VEKTOR project to meet LEED requirements.
- Inseneribüroo TelorasupportingEngineering firm collaborated with Nordecon and Sweco Projekt on VEKTOR project for LEED certification compliance.
- Greenmetrix OÜcoreSustainability consulting company that guided VEKTOR project through LEED certification process in the Baltic region. Provided expertise on achieving LEED Gold standard.
- Olympic Entertainment GroupmajorAdvised Olympic Entertainment Group on 48 million EUR sale of Hilton Tallinn Park to East Capital. Served as exclusive advisor for transaction structuring.
- East CapitalmajorReal estate investment firm that purchased Hilton Tallinn Park hotel from Olympic Entertainment Group. Triple Net Capital advised on the transaction.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
Triple Net Capital competitors and assessment
Company assessmentBroad incumbents
- Bonava: Nordic-listed residential developer with active operations in the Baltic states including Estonia. Comparable by product type (multi-family residential), target customer (home buyers), and growing Baltic regional presence.
- NCC: Swedish construction and real estate development company with historical Nordic and Baltic operations. Comparable by residential and mixed-use development activity, scale, and sustainability focus; operates as a broader Nordic incumbent.
- YIT: Finnish construction and real estate development group with Baltic operations including residential projects. Overlaps with Triple Net Capital on residential development and sustainability positioning (YIT also pursues green building certifications).
- EfTEN Kinnisvarafond: Estonian real estate investment fund / REIT that previously sold the Kapitali Maja Tartu office building to Triple Net Capital's subsidiary Danfor OÜ. Operates in the same Estonian commercial real estate market with adjacent asset ownership and investment focus.
- Merko Ehitus: Estonia's largest publicly listed construction and real estate development group, operating in residential, commercial, and infrastructure. Overlaps with Triple Net Capital on residential development in Tallinn and was named alongside it in the 2022 Kantar Emor Top 5 developer ranking.
Direct peers
- Pro Kapital Grupp: Baltic-focused real estate developer with premium residential and mixed-use projects in Tallinn, Riga, and Vilnius. Comparable by mixed-use development approach, premium positioning, and regional geographic footprint across the Baltic states.
- Colonna (formerly Colonna Capital): Estonian real estate development company with residential projects in Tallinn metropolitan area. Competes for similar home-buyer segment, project scale, and Estonian operating geography.
- Endover: Estonian real estate developer focused on premium residential projects in Tallinn. Competes for the same mid-to-high-end home buyer segment, similar project size profile, and Estonian geographic footprint.
- Liven: Estonian residential real estate developer with comparable focus on premium apartments in the Tallinn metropolitan area. Listed alongside Triple Net Capital in the Kantar Emor 2022 Top 5 most prestigious developers in Estonia, making it the most directly comparable peer by product, market, and customer segment.
- Invego: Estonian residential real estate developer with multi-year track record of apartment projects in Tallinn and surrounding areas. Comparable by product type, customer segment, and Estonian operating geography; also named in the 2022 Kantar Emor Top 5 developer list.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Triple Net Capital social profiles
Digital presenceTriple Net Capital compliance and trust
Trust signalCompliance1 record
Triple Net Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
Triple Net Capital leadership team
Management profileNumber of profiles
Triple Net Capital subsidiaries and ownership
Company hierarchySubsidiaries2 records
Triple Net Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Triple Net Capital 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 Triple Net Capital
What does Triple Net Capital do?
Triple Net Capital develops and sells residential and mixed-use real estate projects across Estonia, including multi-stage apartment districts, family-oriented suburban developments, and commercial properties. The company also provides property management services for select owned assets (e.g., Kapitali Maja office building) and transaction advisory for institutional real estate clients. Its portfolio includes LEED Gold-certified smart buildings and energy class A developments.
Is Triple Net Capital a public or private company?
Triple Net Capital is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Triple Net Capital founded?
Triple Net Capital was founded in 2016. It employs 1 to 10 people.
Where is Triple Net Capital based?
Triple Net Capital is headquartered in Harju, Estonia, in the Europe region.
How does Triple Net Capital make money?
Four revenue lines are on record. Residential Property Sales are the primary driver. The others are commercial Property Sales and Rental, property Management Services and transaction Advisory.
Who are Triple Net Capital's main competitors?
Broad incumbents on record are Bonava, NCC, YIT, EfTEN Kinnisvarafond and Merko Ehitus. Direct peers are Pro Kapital Grupp, Colonna (formerly Colonna Capital), Endover, Liven and Invego.
Does Triple Net Capital have an API?
No public API is recorded for Triple Net Capital.
What industry is Triple Net Capital in?
Triple Net Capital's product category is Real Estate Development. Its primary akta.pro industry code is BPAJAMAA, Residential Real Estate Asset Management, with a secondary code of BPAJAGAE, Mixed-Use Property Management. Its NAICS code is 531390 and its SIC code is 6532.