Please find our updated analysis on AroundTown here and its subsidiary, Grand City Properties, here. 

As part of our process of re-examining the Heimstaden capital structure, we have also updated our analysis of Grand City Properties and AroundTown. 

Grand City Properties continues to benefit from robust fundamentals in the German residential market, where supply shortages and broader

Please find our updated analysis of Grand City Properties here.

Real estate investing is supposed to be boring, and the recent results from Grand City Properties fit that bill. Operationally, the business continues to perform

Both AroundTown and Grand City Properties are offering investors who previously didn’t tender into the “perpetual swap” another option.  The terms are

Please find our updated model for Grand City Properties, post Q1 numbers and hybrid exchange, here.  

The results continue to be a non-event. But perhaps that is the point. Real estate investing, especially residential, with very little development

Please find our updated model here.  

AroundTown continues to make progress with its efforts to make the Company boring again. The results are non-events, with the Company making