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Vonovia SE is a holding company which engages in the management of residential units. It operates through the following segments: Rental, Value-Add, Recurring Sales and Development. The Rental segment combines all of the businesses that are aimed at the value-enhancing management of the company's own residential units. The Value-Add segment bundles all of the housing-related services including the maintenance and modernisation of its properties. The Recurring Sales segment includes regular and sustainable disposals of individual condominiums and single-family houses from the company's portfolio. The Development segment comprises the project development of new residential buildings. The company was founded in 2015 and is headquartered in Bochum, Germany.