Odevo Targets German Market

People in the image: Daniel Larsson, CEO of Odevo and Justus Mentzel, CEO of Erste Hausverwaltung.

Stockholm, 12 December 2024: Odevo, one of the leading property management companies for residential real estate in Europe and the USA, enters the German market as Erste Hausverwaltung GmbH joins the group. Founded in 2019 and rapidly growing with a focus on technological innovations, Odevo manages more than 1.6 million residential units in the USA, UK, Sweden, and Finland. Together with Erste Hausverwaltung, Odevo aims to create Germany’s leading residential property management company.

Erste Hausverwaltung, was established in Cologne in with a focus on organic customer acquisition and expansion through the acquisition of existing property management firms. With locations in southwest Germany and over 120 employees, Erste Hausverwaltung now operates eight companies under one roof.

In addition to property management, the Cologne-based company also offers rental and sales services for apartments and houses, as well as comprehensive facility management services. The foundation of their success lies in combining a personal, customer-focused, and digital interpretation of property management with the integration of related services. The company utilises proprietary software and is continuously developing new solutions.

Daniel Larson, CEO of Odevo, on the collaboration:

“We’ve been truly impressed by Erste Hausverwaltung’s ability to build their own proprietary software while growing the company at a fast pace. With the ambitious and entrepreneurial team at Erste Hausverwaltung, which already feels like a part of Odevo, we have found the perfect partner. The team embodies the right values and drive to transform the industry.”

Justus Mentzel, CEO of Erste Hausverwaltung, adds: “The visions of Odevo and Erste Hausverwaltung align well. By combining personal interaction with digitalisation, we are delivering genuine added value to the industry.”

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