Rioca Seepark Konstanz with aerial view over Lake Constance and the Alps

Investors · Micro Living, PBSA and hospitality, EUR 1.2B+ GDV

Let's create more places where people feel
welcome like friends

Open to partnerships of every kind. Joint ventures, co-investments, whole-asset acquisitions or white-label operations. Let's shape the next chapter together.

Contact us
#1
PBSA Brand · Germany
€1.2B+
Gross Development Value
8,275
Units under management
+99%
Average occupancy
29
Cities DE & AT
39
Projects completed
Latest news · May 2026

J.P. Morgan AM and i Live announce €1.5 billion PBSA joint venture

Who we are

i Live Group
From land to community since 2011

Rooted in an architectural practice with over 50 years of heritage.

i Live Group is the developing and operating company behind Germany's leading portfolio of living and hospitality brands: i Live (student and urban micro living), Rioca (apartment hotel) and We Live (co-living). Founded in 2011, the Group manages the full value chain from development and construction to brand, operations and asset management.

Innovation is not a project at i Live, it is the way we work. We develop, build, invest and operate ourselves, which means every building teaches us something that makes the next one better.

That has produced things that did not exist before. A modular apartment concept that shortens build time and makes quality plannable. An in-house community app that brings leasing, neighbourhood and service together. Beehives and chickens on the roofs, because biodiversity does not end with a certificate. And our own generations study, because we wanted to know what young people actually need instead of guessing.

The most important innovation is not technical. i Live is the first PBSA company with a cultural core built into operations. Friendship is not a marketing promise here, it is our answer to something the WHO treats as a public health concern.

Vertical Integration

In-house expertise along
the entire value chain

1
Sourcing
Deal sourcing and pipeline generation
Underwriting and financial analysis
Negotiation of acquisition and relevant documents
Conducting due diligence
Deal execution
Best in class
Land

Flexible products for residential, commercial and mixed-use sites.

2
Development
Planning, architectural and design proposals
Building permit delivery
Detailed construction programme preparation and execution with partially internal contractors
Development oversight with monthly reporting
Best in class
Building

Single-trade contracting on large projects, more cost-efficient than a general contractor.

3
Marketing, Sales & Leasing
Strategic marketing planning during construction process (pre & post)
Marketing preparation (e.g., brochures)
Dedicated team to conduct either condos sale or lease-up
Sales updates and leasing tracking
Best in class
Occupancy

Global and single-asset sales channels, the largest network of individual investors, +99% occupancy over more than 10 years.

4
Operations
Asset and property management
Facility management
Community management
Creating home through unique customer experience with an extraordinary welcome culture inspired by Brazil.
Best in class
Home

Operational excellence with more than 10 years of in-house learning.

Select milestones of the i Live story

Track Record
Ready for expansion

2011
Foundation
Amos Engelhardt founds i Live in Aalen with the vision to build community-driven urban housing for Germany's next generation.
102
i Live units
Avg. occupancy
Rioca rooms
2014
First expansion
Platform grows beyond the founding city. The student living concept is validated across multiple university locations.
~430
i Live units
100%
Avg. occupancy
Rioca rooms
2017
Rioca launch
The apartment hotel brand is created to capture growing demand from business travellers and mobile urban professionals.
~1,100
i Live units
99.42%
Avg. occupancy
~140
Rioca rooms
2019
Vertical integration
Development, leasing and operations unified under one roof. White Label service launched for third-party asset owners.
~2,800
i Live units
99.11%
Avg. occupancy
~560
Rioca rooms
2021
Resilience proven
Occupancy holds at 98.5% through the pandemic. i Live Help Alliance e.V. formally established.
~4,800
i Live units
98.53%
Avg. occupancy
Pandemic year
~920
Rioca rooms
2024
€1.2B+ GDV
International investor dialogue. Rebranding i Live. Opening flagship Frankfurt. Opening 4 Riocas. Opening of the first Sabor restaurant in Frankfurt.
6,129
i Live units
99.25%
Avg. occupancy
1,478
Rioca rooms
2026
J.P. Morgan Joint Venture
JPMAM and i Live Group form a joint venture to develop a €1.5 billion PBSA portfolio across major German cities. Initial sites in Frankfurt and Berlin secured, comprising approximately 1,000 beds.
6,597
i Live units
+99%
Avg. occupancy
1,678
Rioca rooms

Be part of the story

Fourteen years of track record, a €1.2B+ portfolio and a platform built to scale. The next chapter is being written. Let's write it together.

Let's continue the story

Market Position

Leading Developer and Operator
PBSA Germany

All figures: Bonard Report 2023
Top brands by beds, Germany · 2023
1
i Live
7,603
2
The Fizz
4,602
3
Reanovo
3,938
4
SMARTments
3,836
5
Youniq
3,248
6
Nido Student
2,641
7
Campo Novo
2,536
8
Basecamp
2,514
9
Die Zimmerei
2,488
10
Campus Viva
2,287
German PBSA market · 2023
No. 1
Germany's leading PBSA brand
Bonard Report · 2023
49
Portfolio brands
304
Assets
61,197
Total beds
Key institutional owners in the market
Brookfield·Commerz Real·GBI·TPG·Catella·Foncia

The Products

Three brands
Every stage of life

i Live

Germany's Leading Student Living Brand

Premium living spaces engineered for convenience, comfort and connection. A dedicated Community Manager at every property. Community is the core product.

Residential use, lease terms from 6 months
High-quality furnishing, kitchenettes, high-speed internet
Rooftop terraces, lounge, event kitchen, cinema at select locations
Digital leasing, in-house app, parcel service, launderette
30+
Locations
6,597
Apartments
Rioca

Highly Awarded Apartment Hotel

Fully furnished apartment hotel for extended stays. Institutional-grade reporting, SO!APART award recognition, vibrant Brazilian bar at flagship locations.

Commercial use, stays of up to 6 months
Kitchenette, dishwasher, rain shower, Smart TV, soundbox
Communal areas, fitness, terraces, restaurant with daily breakfast
SO!APART award winner Germany's best apartment hotel
9
Locations
1,678
Apartments
New product
we Live

Multi-Generational Living

Germany's first multi-generational micro-living product. Students, business travellers, best agers and single parents connected through one shared platform and community team.

Mixed use, flexible lease terms across the product mix
i Live units + Rioca apartments + best ager apartments, single parents and children in one building
On-site childcare integrated directly in the building
Shared app, community programming, one management team
1st
In Germany
740
Apartments

Flagship Project

Frankfurt Adickesallee exterior
In partnership with
Commerz Real
Architecture
HWKN, New York

Frankfurt
Adickesallee

Germany's largest Micro Living development. A mixed-use landmark combining student and urban living, apartment hotel, own restaurant and community spaces developed in joint venture with Commerz Real and designed by HWKN Architecture, New York.

1,158
Total units
>€200M
Total investment cost
1,021
i Live Micro Living units
137
Rioca apartment hotel
39,259
sqm GFA
50/50
JV with Commerz Real
🏆
SO!APART Award 2025
Leipzig · 4× Winner
Discuss a similar project →

Portfolio

Selected projects

Each asset reflects the full i Live value chain from development to operations.

Stuttgart
Darmstadt
Munich
Vienna
Essen
Heidelberg
Hamburg
Hannover
Konstanz
1 / 9
Location
Stuttgart
Asset Class
Hospitality
Year Opened
2022
GFA
7,590 sqm
Apartments
172
Rio de Janeiro sunset with Christ the Redeemer, Calor Humano, the cultural identity behind i Live Group

Why Brazil. Why now

i Live is the first company creating living and hospitality brands with a cultural identity built for the next generation

Irreplicable, scalable, institutional-grade

Join the movement →
01
Brazilcore a global cultural movement
Brazil is at its absolute global cultural zenith Oscar 2025, Spotify dominance, tourism up 40%, 329 billion TikTok views. The tailwind behind i Live's Calor Humano positioning is measurable and still growing.
2025 = Brazil's global cultural breakthrough
02
The Gen Z belonging crisis
The post-COVID generation is seeking authentic connection at the highest intensity ever recorded. 57–79% of students report significant loneliness. Human warmth inspired by Brazil starts exactly there.
57–79% of students lonely
03
Unoccupied whitespace
No competitor has deployed a specific culture as an explicit brand promise in European residential real estate. The position of the culturally defined brand is therefore still unoccupied.
0 cultural competitors i Live is the first mover

The economics of friendship

Why friendship creates value

Others rent square metres. We build friendship, by design, end to end. Friends stay longer. Friends recommend. Friends treat their home with care.

Friendship turns a building into an asset that compounds in value. That is what makes us different, and what makes us lead the market.

i Live turns friendship into real value.

DGNB
GOLD
Mandatory DGNB Gold certification across all new developments

A shareholder resolution from 2022 mandates DGNB Gold certification for every i Live Group development from that date onward. Not a target. A binding commitment already in execution. DGNB Gold is the second-highest designation of the German Sustainable Building Council.

LP relevance: supports SFDR Article 8/9 classification, green bond eligibility, and institutional ESG reporting. Embedded systematically, not retrofitted.

Key criteria achieved Urban Living Tempelhof Berlin (232 units, operational since Feb 2023)

Optimised construction via prefabricated wet cells and partial furniture delivery (partner Stengel GmbH)
Energy concept: Effizienzhaus 55
Resource conservation: water-saving fittings and LED lighting throughout
High marketability through quality entrance design and leasing performance
Indoor air quality: independent air measurement certification
Environmentally compatible materials at Quality Level 4 throughout
Building envelope airtightness: Blower-Door measurement certified
Minimal land consumption through high-density Micro Apartment layout
EV charging infrastructure pre-installed and operational
User behaviour optimisation via resident signage and education
Community-promoting indoor and outdoor spaces built into every scheme
Biodiversity: downward-facing exterior lights; facade logo deactivated at night

The full ESG picture

DGNB Gold is one part of how we build. The friendship concept, the Stengel Blockmodul and the Help Alliance complete the picture.

Partnership & Growth

Three ways to grow with us

We are actively looking for partners who share our belief that great living spaces change people's lives. Whether you bring land, capital or a building, joint venture, institutional investment or asset management partnership.

Co-Development
1
Co-Development

Site acquisition & development partnerships

From land sourcing and planning through to completion. We bring development expertise, brand, and operational know-how. You bring the site or capital. Asset deal, joint venture or share deal.

Acquire
2
Acquire

Single apartment or institutional whole-asset acquisition

Acquire individual units as a stable, income-generating real estate investment. Or purchase a whole property in one of our established university city locations. Institutional-grade reporting and full property management included.

Operate
3
White-label Operations

White label operations for third-party assets

Already have a building or are developing one? We operate it under the i Live or Rioca brand. Bringing our community living model, community app, digital rental processes and 14 years of operational expertise across the DACH region.

Acquisition profile

What we acquire for each of our brands. Swipe through the profiles.

i Live

Micro Living

Residential

Target audience

Individuals, young professionals, students, commuters

Gross floor area

> 6,500 sqm

Unit count

From 200 units*

Planning law

§ 34 BauGB, WA, WR, WB, MK/MI, urban zones

Micro location

University locations · Close to higher education and/or city centre · Strong public transport connection

Rioca

Hotel / Serviced Apartments

Commercial

Target audience

Business travellers, tourists, long-stay guests

Gross floor area

> 6,000 sqm

Unit count

From 150 units*

Planning law

§ 34 BauGB, GE, MK/MI

Micro location

Strong economic hubs · A- and B-locations · Strong public transport connection · Daily amenities within walking distance

we Live

Multi-generational living

Residential

Target audience

Students, families, professionals, single parents, best agers

Gross floor area

> 10,000 sqm

Unit count

From 150 units*

Planning law

§ 34 BauGB, WA, WR, WB, MK/MI, urban zones

Micro location

Close to green spaces, parks and leisure areas · Strong connection to main roads and public transport

*Exceptions possible where synergies exist with assets already under management.

Got a fitting plot or project?

Send us the key facts

projectdevelopment@i-live.de

Investor Materials

Public reports
& documentation

Freely available company documents, sustainability reporting and research.

Investor FAQ

Questions investors and analysts ask

The questions we hear most often from institutional investors, analysts and trade press, answered with current numbers and direct references.