TPG Real Estate Partners (“TPG”) and Madison International Realty (“Madison”), a leading provider of real estate liquidity solutions, have entered into a strategic partnership through which Madison will acquire a significant minority interest in Home & Co, a vertically integrated real estate platform that acquires and operates student housing and micro-living assets across Europe.
Madison will partner with existing investor TPG, which will retain majority ownership of Home & Co, and the platform’s management team, who will maintain full responsibility for investment and operational strategy.
Since its launch in 2019, Home & Co has significantly expanded its footprint, strengthened its brand, and invested in operating capabilities to establish itself as a leading provider of high-quality, professionally managed student accommodation. The platform operates 19 purpose-built branded student housing locations across Germany, providing more than 3,500 beds in major university cities including Berlin, Frankfurt, Munich, and Stuttgart.
Home & Co’s growth has been driven by the management team's execution against a favorable market backdrop in Germany, one of Europe's most attractive student housing markets, where demand continues to outpace the supply of purpose-built accommodation. Over the last twelve months, the platform has added four new sites encompassing nearly 1,000 beds and entered two new markets to further expand its presence across Germany. Alongside this expansion, the team has sustained high occupancy across the portfolio and improved resident retention while integrating each new location onto Home & Co's in-house operating platform. Building on that momentum, TPG, Madison, and Home & Co intend to continue enhancing the existing portfolio, pursue expansion opportunities across Germany, and progress the platform’s comprehensive ESG strategy.
Source: press release sent 7 Aug 2026