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Real Estate Capital · U.S. and European Markets

Where Capital
Meets Purpose

The Heilmann Group provides investors with institutional access to the U.S. and European residential real estate market, built on the conviction that strong returns and meaningful impact are not in conflict.

Our Strategies Speak With Us
Our Philosophy

People deserve a place
where they can flourish.

At the core of The Heilmann Group is a simple belief: every person deserves a decent home. That is not a constraint on our investment model; it is the foundation of it.

We do not believe that, as a fund, we must choose between profit and people. Through disciplined, transparent real estate capital, we demonstrate that returns and conscience can work together, creating enduring value for investors and for the communities we serve.

"We do not believe that, as a fund, we need to simply take advantage and prioritize profit over people. There must be a way, and there is."
What We Invest In

Two focused strategies.
One disciplined platform.

Every investment decision we make begins with a question most funds never ask: who lives here, and will their lives be better for it? We believe that capital deployed with intention and rigour produces stronger long-term outcomes, for investors and for the families who call our properties home. We do not see these as competing priorities; we see them as the same priority, pursued with discipline and honesty.

Read More About Our Thinking
01
Government-Backed

Section 8 Assisted Housing

Section 8, formally the Housing Choice Voucher Program, is a U.S. federal initiative providing rental subsidies to low-income families, elderly residents, and people with disabilities. As a participating landlord, rental income is paid directly by the government, creating stable, recession-resistant cash flow that is structurally protected from tenant default risk. We see this not only as a sound investment thesis, but as a direct expression of our commitment to housing people with dignity.

Read the full article →
02
Value-Add

Multifamily Residential

In the U.S., multifamily refers to residential buildings owned and operated as a single income-generating asset; all units rented under unified management rather than sold individually. We target markets with strong demographic fundamentals, acquiring assets where operational improvement or repositioning can unlock significant value. Annual lease structures provide a natural hedge against inflation, while Millennial and Gen Z demand for rental flexibility sustains long-term occupancy and community stability.

Read the full article →
The U.S. Advantage

The world's premier
real estate market.

The United States offers a combination of market depth, data transparency, and legal security that is unmatched globally. For European and Middle Eastern investors, it represents a structural advantage; decisions made on real data, not estimates. We are currently working on strategic investments in the United States. Read our full analysis here.

Metric (20-yr avg.)USAEurope
Annual Price Growth4.8%2.1%
Gross Rental Yield5–8%2–4%
Population Growth0.8%0.1%
Market Transparency90%+Fragmented

U.S. rental yields are 2–3× higher than Western Europe, offering significantly stronger income alongside a legal and data infrastructure that simply does not exist in most European markets.

01

Real-Time Data Access

Full sales histories, actual closing prices, rental performance, and ownership records; all public, all actionable.

02

Off-Market Opportunities

Bank-owned properties, motivated sellers, maturing debt; deals that never reach public listings, sourced through our local relationships.

03

Strong Legal Framework

Robust property rights, standardized contracts, and clear processes that protect foreign investors at every stage.

04

Local Operational Presence

Our in-market team manages acquisition, daily operations, and exit; so you benefit from the market without managing it.

05

Institutional Structuring

Investment vehicles structured to optimize tax efficiency, limit liability, and align with international investor standards.

About The Heilmann Group

A long-term partner
for international capital.

The Heilmann Group is a real estate investment firm specializing in the European and U.S. residential market. We structure and manage institutional investment vehicles for international capital, primarily serving investors from Europe and the Middle East seeking transparent, professionally managed exposure to Spanish and U.S. real estate.

Our platform integrates the full investment value chain, from sourcing off-market assets and structuring acquisitions, through active asset management and value optimization, to a disciplined exit. Investors gain access to the Spanish and U.S. real estate markets without the complexity of day-to-day operations.

We operate with a commitment to full transparency, alignment of interests, and consistent results, and we believe the best investments create value not only for investors but for the people who call our properties home.

Eric Michiels, Founder and Managing Partner of The Heilmann Group
Eric Michiels
Founder & Managing Partner

Eric leads The Heilmann Group's investment strategy and investor relationships, combining institutional real estate expertise with the conviction that purposeful capital creates lasting impact. Based in Spain, he works closely with investors across Europe and the Middle East to structure and manage real estate capital opportunities in the U.S. and European markets.

What We Stand For

Transparency

Investors deserve full visibility into how their capital is deployed, managed, and performing; at every stage.

Discipline

We invest in markets with strong fundamentals, not trends. Our process is data-driven, methodical, and built on rigorous underwriting.

Alignment

Our interests are aligned with those of our investors. We succeed when you succeed, and that shapes every decision we make.

Impact

Generating strong returns and having a positive impact on communities are not mutually exclusive. We believe they reinforce each other.

Insights & Perspectives

From the
Heilmann Desk.

All Articles →
U.S. Market · Strategy

Investing in the U.S. Market: Section 8 and Multifamily Explained

Why the U.S. residential market offers international investors an unmatched combination of data transparency, legal security, and structural yield advantage over European alternatives.

May 2026→
Impact · Fund Strategy

Can a Fund Do Good? What Ethical Real Estate Investing Could Look Like

An honest reflection on what purpose-driven fund investing can look like in practice; and the ideas we are actively exploring, from community land trusts to Fuggerei-inspired perpetuity structures.

April 2026→
Faith · Community · Belonging

A Theology of Home: What the Christian Faith Says About Why Shelter Is Sacred

From Genesis to Timothy Keller; what the Christian tradition says about the sanctity of home, the obligations of ownership, and why capital deployed with conscience is not idealism, but faithfulness.

November 2025→
Get in Touch

Ready to explore
an opportunity?

We work with a select group of international investors who share our conviction that purposeful capital creates enduring value. If that resonates with you, we would like to hear from you.

invest@theheilmanngroup.com
Send an Inquiry