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Open Woningfonds
Key Statistics
Fund Size
€44.7M
Target Return
6.5%
Launch Year
2020
Min. Investment
€4,142
Availability
Open for public
Structure
FGR
Product Category
Open-end
Domicile
Netherlands
GP Type
Single
Liquidity Level
Semi-liquid
Currencies
EUR
Investor Eligibility
Retail
Liquidity Options
Monthly subscriptions
Highlights
Allocations
Geographic Focus
Investment Strategy
Industry Focus
Information about fund
About the Open Woningfonds
The Open Woningfonds is an open-end Dutch residential real estate fund managed by Annexum. Established in 2020, the fund invests in rental apartments spread across the Netherlands. As at 30 June 2026 the portfolio comprised circa 222 apartments across seven properties with a value of EUR 44.7 million and annual rental income of approximately EUR 2.2 million. The fund is supervised by the Dutch Authority for the Financial Markets (AFM); its manager, Annexum Beheer B.V., has held an AFM licence for the management of investment institutions since 2006.
Key Figures (30 June 2026)
Apartments
222
Circa, across seven properties
Portfolio Value
EUR 44.7m
As at 30 June 2026
Annual Rental Income
EUR 2.2m
Approximate
Cash Distribution
7%
Per year, paid monthly
Investment Strategy
- Rental income — stable rental income from Dutch residential tenants forms the basis of the fund's return and funds its distributions.
- Unit-by-unit sales (uitponden) — the fund applies a strategic uitpond policy, selling individual apartments over time to realise the difference between the tenanted value and the vacant-possession value.
Terms
| Minimum investment | EUR 4,142 (100 participations at an issue price of EUR 41.42, valid through 30 September 2026) |
| Emission costs | 2.00% on subscription |
| Distribution | 7% per year in cash, paid monthly (12 distributions per year); first-year distributions are automatically reinvested |
| Target total return | 6.5% to 8.5% per year (a projection, not a guarantee) |
| Structure | Open-end fund with an indefinite term |
| Tax | Under conditions, participation qualifies for the Dutch reinvestment reserve (HIR) |
| Supervision | AFM; manager Annexum Beheer B.V. holds an AFM licence since 2006 |
Liquidity
As an open-end fund, investors can increase their holding or exit (in whole or in part) during the year. Participations can be offered for sale on a monthly basis. Redemptions depend on the liquidity available in the fund: the fund can repurchase a maximum of 5% of the participations outstanding at the start of the financial year and holds a liquidity reserve for this purpose. Immediate execution of an exit request is therefore not assured. Investors may receive back less than their investment, up to loss of the entire amount invested; prospective investors should read the prospectus and brochure before investing.
Deepdive & Related Funds
Comparable Funds
CLB Woningfonds
Dutch residential real estate fund launched in February 2025 by AFM-licensed manager Credit Linked Beheer. Invests in new-build energy label A (or better) Dutch rental homes with rents of EUR 900-1,500 per month. Minimum investment EUR 5,000, quarterly distributions, expected average dividend of 7.3% over the 11.5-year horizon.
IMMO Huurwoningfonds 6
Closed-end Dutch residential fund from Holland Immo Group investing in a fully redeveloped complex with 201 rental homes and 116 parking spaces at Groningensingel 51 in Arnhem. Participation from EUR 10,000 plus 3% issue costs, quarterly distributions and an expected term of 7-10 years. The July 2026 issue was fully subscribed; limited follow-on placement remains possible.
SynVest Dutch RealEstate Fund
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SynVest German RealEstate Fund N.V.
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Woned
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Blackstone Real Estate Income Trust (BREIT)
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Starwood Real Estate Income Trust (SREIT)
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