Invest in Finnish urban housing

Sustainable, efficient and productive solutions for real estate investment.

Get to know Avara's funds

We provide the opportunity to invest in alternative investment funds (AIF) which invest in residential properties as well as opportunities in joint venture investment models and other partnerships. Our goal is to offer competitive returns to investors and opportunities for promoting responsible investment in the Finnish housing market.  

The focal point of our funds lies in new rental apartments located or under construction in Finland’s growth centres. Urbanisation and changes in housing needs are actively monitored and accounted for in the development of current funds and the planning of new ones. Market knowledge and local presence help us identify the right investments and act fast.

Alternative investment funds

Alternative investment funds (AIFs) are closed funds that invest in residential properties. The investment and asset management services are produced by Avara Rahastot Oy, which acts as an authorised AIF manager pursuant to the Act on Alternative Investment Funds Managers. The supervisory authority is the Finnish Financial Supervisory Authority. Situation as of May, 2021.

Avara Asuinkiinteistörahasto I

The fund is a closed private equity fund investing in non-subsidised rental housing in Finland’s growth centres. Its strategy is to generate stable cash flow and returns with Avara’s own project development and by making use of the projects of construction companies. The fund’s investment commitments total EUR 45 million, enabling a total value of EUR 110 million with a moderate leverage ratio.

  • The investment phase has ended
  • 602 apartments completed
  • 75 apartments under construction

Avara Residential Fund II

The fund is a closed private equity fund investing in non-subsidised housing and particularly rental housing in Finland’s growth centres. Its strategy is to generate stable cash flow and returns with Avara’s own project development, the development of completed investments, and by projects produced by construction companies. The fund aims to secure investment commitments of EUR 200 million and a total value of EUR 500 million.

  • The investment and fundraising phases are underway
  • The target size is +2,000 apartments
  • 504 apartments completed
  • 521 apartments under construction

Avara Vuokrakodit I

The fund invests in projects of affordable rental housing implemented with short-term interest subsidy loans in Finland’s biggest and most rapidly growing centres of growth.  The new buildings are largely based on Avara’s own project development. The fund aims to secure investment commitments of EUR 50 million and a total value of EUR 500 million.

  • The investment and fundraising phases are underway
  • The target size is +2,000 apartments
  • 175 apartments completed
  • 214 apartments under construction

Residential real estate funds

Our residential real estate funds are investment funds specialising in rental apartments whose investment and asset management services are taken care of by Avara Oy.

Avara Star

A growing and actively developed real estate fund established in cooperation with Starwood Capital. The fund is composed of market-based rental apartments. The goal is to double the portfolio’s value during the strategy period.

  • The portfolio is grown actively

  • Comprises 2,174 rental apartments (11/2020)

  • The number of buildings is 74

Amplus Holding

The real estate fund consists of affordable rental apartments financed with interest subsidy loans and Arava loans; the fund is a non-profit owner of affordable rental housing that is subject to oversight by the Housing Finance and Development Centre of Finland ARA.

  • Comprises 4,422 rental apartments (11/2020)

  • The fund is fully invested and in the stage of developing its portfolio

Tammi-Kodit

Tammi-Kodit is a closed real estate fund that invests in non-subsidised rental apartments.

  • The portfolio is fully invested and in the development stage

  • Comprises 497 rental apartments (11/2020)

Contact us

people-harri-retkin
Harri Retkin

CIO and CFO, Partner

arttu-ekqvist
Arttu Ekqvist

CEO, Avara Rahastot Ltd.