TSC Eurocare Real Estate

Investment Objective

Acquire yield generating senior housing properties in Europe, rented out under long term contracts to top tier nursing home operators.

Investment Strategy

A unique investment proposition combining recurring cash flow and capital appreciation in a growing and uncorrelated sector. 2/3 of expected performance generated by recurring cash flow.
Build up a critical mass portfolio of quality senior housing assets sufficiently large to attract institutional investors willing to pay a premium to access sizeable portfolios in this emerging and still fragmented asset class.
The fund has been launched in July 2016 and is accepting subscriptions form investors.

Portfolio
Nursing Homes Market: anticyclical, growing and recession-­proof

  • Sector mainly driven by natural demographic demand and resilient to the economy and markets
  • Regulated and subsidised by the governments of European countries
  • Long term leases (>15 years) indexed to CPI (inflation protection)
  • Attractive acquisition yields (6.5-8% p.a.) compared to other developed markets
  • Price per sqm (EUR 1,500 per sqm) lower than replacement cost