2024 Case Study: Eika Asset Management’s 2024 Success - Over 30% Annual Return for Investors

Published on
December 16, 2024
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About Eika Asset Management

Eika Asset Management (EAM) is a leader in real estate investment, partnering with private investors to deliver sustainable growth. Focusing on balanced diversification, EAM manages portfolios that span residential, commercial, and urban revitalization projects, emphasizing both financial returns and community development.

Over 30% Net IRR Achieved with Eika Residential Fund

2024 was a landmark year for Eika Asset Management (EAM), highlighted by the extraordinary success of the Eika Residential Fund (ERF). ERF established itself as one of the most successful real estate funds in the market by delivering an annual return of over 30% (Net IRR) to investors after management and success fees.

Strategic Portfolio and Balanced Risk

From its inception, ERF was built on the principles of diversification, balanced risk management, and strategic project selection. This approach enabled the fund to optimize investor capital and achieve remarkable results.

The portfolio consisted of three key projects:

  • Šv. Stepono Baltas lapas
  • Mėlyni vilkai
  • Antakalnio panorama

These developments collectively delivered over 460 residential and commercial units, targeting mid-range and upgraded market segments—the most in-demand areas of the real estate sector.

Urban Revitalization and Buyer-Centric Locations

ERF’s success was driven by carefully selected locations that aligned with buyer needs—notably, projects like "Šv. Stepono Baltas lapas" and "Mėlyni vilkai" transformed industrial zones into thriving residential neighborhoods, contributing to the revitalization and urban regeneration of Vilnius districts.

Eika’s Strengths

The impressive performance of ERF underscored the reliability and professionalism of Eika Asset Management. Investors were drawn to the fund’s strong foundation, built on:

  • Eika Group’s long-standing expertise
  • A highly skilled team
  • A diversified investment strategy

Unlike single-project funds, ERF spreads risks across multiple projects, products, and timeframes, ensuring both stability and consistent returns.

A Platform for Future Growth

The successful conclusion of the ERF fund is not just a financial milestone; it serves as a robust platform for future growth. EAM’s approach exemplifies how carefully planned and responsibly executed real estate projects can create lasting value for investors while driving the development of cities and communities.

Eika Asset Managements Future Outlook 

“We believe that the sentiment in private equity markets will remain positive in 2025, allowing markets to breathe more freely” - Eika Asset Management team.

Portfolio Expansion in Poland: Active expansion is planned in the CEE region, focusing on the Polish market. In 2025, the development of two modern logistics warehouses is planned, with a total area exceeding 66,000 sq. m.

Sustainable Partnerships in Europe: Strategic partnerships with strong and reliable market players will continue to be actively developed to strengthen regional positions and ensure mutual growth.

Establishment of New Funds: At least two new funds are planned to be established. One will focus on residential projects, while the other will focus on infrastructure development. Both funds are currently being structured.

Improving Financing Conditions: It is expected that lower interest rates will provide more flexibility for financing newly acquired and developed projects. This will not only encourage the implementation of previously shelved projects but also create a more stable environment in the markets.

Positive Lithuanian Business Outlook: Growing optimism among Lithuanian entrepreneurs allows us to expect positive outcomes not only for our funds but also for the Lithuanian market as a whole.