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Kleine & Cie
Meik and Pascal Kleine's family office acquires and self-manages German residential and care-facility real estate with permanent capital discipline.
Kleine & Cie
Kleine & Cie was founded by brothers Meik and Pascal Kleine as a single-family office headquartered in Hannover, with additional offices in Hamburg and Minden. The firm’s public presence is deliberately minimal, reflecting a posture of long-term ownership over promotional visibility. Its corporate entity, KLEINE & CIE GmbH, serves as the personally liable partner, anchoring the structure in classic German Mittelstand governance. The firm concentrates exclusively on direct German real estate, splitting its focus between residential rental properties and specialized healthcare real estate. On the residential side, it acquires apartment blocks of 10 to 500 units, prioritizing buildings constructed after 1959 in cities of at least 50,000 inhabitants. Its healthcare strategy targets the development and acquisition of assisted living facilities, full inpatient nursing homes, and intensive care properties, often requiring proximity to hospitals for the latter. The portfolio includes a Care Facilities Portfolio, alongside mixed-use assets like Harzstraße 10 in Hannover and the commercial properties Luisenstraße 4 and Marienstraße 50. Kleine & Cie structures acquisitions as either asset or share deals and also purchases senior-ranking, land-charge-secured loan receivables with a minimum nominal value of €50,000, adding a private credit dimension to its real estate exposure. Kleine & Cie’s operational model is defined by insourcing. The entire property portfolio is managed by its own employees, supplemented by regional specialist contractors for larger capital projects. A stated 72-hour initial response time on investment offers underscores the speed of a decision-making process unencumbered by external committees. The firm explicitly avoids ground-lease properties, contaminated land, chain broker deals, and residential complexes where it cannot achieve full ownership, maintaining a disciplined exclusion framework. The firm’s structural differentiator lies in its integration of operator and owner functions. By self-managing assets and co-developing healthcare projects, it bypasses the fee layers and misaligned incentives common in externally managed real estate funds. The involvement of Michael Schröder as managing director in project entities alongside the Kleine family suggests a venture-operating model that embeds operational expertise directly into each holding, rather than treating real estate as a purely financial allocation.
General information
Firm type
Single Family Office
Year founded
—
AUM
Undisclosed
Location
Region
Europe
Country
Germany
City
Hannover
Corporate office
Hannover, Germany
Additional offices
Hamburg, Germany · Minden, Germany
Principals
Meik Kleine
Managing Director and co-founder
Pascal Kleine
Managing Director and co-founder
Michael Schröder
Managing Director in project entities
Sector focus
Frequently asked questions
Who makes the investment decisions at Kleine & Cie?
Decisions rest with the founding managing directors, Meik and Pascal Kleine. The firm emphasizes that its independence from external committees enables binding decisions within a short timeframe — it commits to an initial assessment within 72 hours of receiving complete documentation. Michael Schröder is also active as a managing director in various project entities, indicating a distributed but closely held operational leadership.
How does Kleine & Cie source its real estate deals?
The firm maintains a standing public acquisition mandate on its website, inviting proposals directly from sellers and their representatives. It explicitly excludes broker chain transactions and invests only in fee-simple (freehold) properties, avoiding ground leases. By requiring a sales mandate or proof of vendor authorization with the initial submission, it filters for actionable, direct opportunities.
Does Kleine & Cie make fund commitments or only direct investments?
Kleine & Cie invests entirely through direct acquisitions and, where appropriate, share deals. It does not indicate participation in external real estate funds. The firm will also buy senior-ranking receivables secured by land charges, provided the nominal amount is at least €50,000 — suggesting a direct balance-sheet approach to private credit.
What types of healthcare real estate does Kleine & Cie target?
The firm actively seeks development opportunities for assisted living with a minimum of 15 units, full inpatient nursing homes requiring at least 80% single-occupancy rooms, and intensive care facilities of 10–12 residents per floor, arranged in small-group living clusters. It prefers locations in cities of at least 25,000 inhabitants, primarily in western Germany, and favors sites near hospitals for intensive care projects.
What is Kleine & Cie's explicit exclusion list when buying property?
The firm publishes a clear set of exclusion criteria: no leasehold properties, no assets in designated social hot-spot areas, no contaminated land, no broker-chain transactions, and no condominium associations where it cannot acquire 100% of the interests. It also avoids residential assets in poor micro-locations, maintaining a strict filter for good-quality neighborhoods.
How is Kleine & Cie's portfolio managed operationally?
All properties are managed by the firm's own staff, an uncommon practice for a family office of its size and a core element of its value-retention strategy. For larger refurbishment or capital projects, it supplements internal capabilities with specialist contractors drawn from the local region of each property.
Does Kleine & Cie ever sell assets from its portfolio?
According to its current public statement, no sales are planned. The firm evaluates every investment as a long-term holding and prioritizes substance preservation over rapid growth, consistent with a multi-generational family office mandate for permanent real assets.
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