HOYERBERG is a Munich-based, owner-managed family office focused on acquiring German mid-market companies, usually in succession situations. Its real estate activity is linked to those acquisitions: the firm is developing a real estate division and acquires company-owned properties as part of business purchases. Its wider investment profile includes majority buyouts, search funds and majority growth investments, with no sector restriction and a preference for companies with less cyclical profiles. HOYERBERG says it uses family equity for company acquisitions and has no external investors. The €800,000-to-€3-million EBITDA target range applies to operating companies, not individual property investments. HOYERBERG is therefore best described as a direct acquirer of corporate real estate tied to mid-market business purchases, rather than a conventional LP committing capital to real estate sponsors. The combination of business ownership and company-linked property acquisitions distinguishes its approach.