Threestones Capital Management sells Care Homes portfolio to Swiss Life Asset Managers for EUR 425 million in one of the largest transactions in the sector for the past several years.

Luxembourg, 04 March 2021: Threestones Capital announces the sale of a care homes portfolio to Swiss Life Asset Managers for EUR 425 million. The divested portfolio consists of 27 healthcare properties across Germany rented out to German and Pan-European operators under long term (LT) rental contracts. With this transaction, Threestones Capital successfully completes the exit of yet another Healthcare fund (TSC GEFCARE REAL ESTATE FUND) returning the target performance of 13% net IRR to investors, consistently positioning the firm as a top performer in its real estate investment category (core/core+).
The company is continuing to grow its exceptionally successful Healthcare fund series with its newly launched EUROCARE IV, targeting EUR 600-800 million AUM.
Threestones Capital is a Luxembourg-based regulated Alternative Investment Fund Manager (AIFM) with over 10 years of experience in Private Equity and Real Estate and one of the pioneers in the European healthcare investment strategies targeting care homes and senior housing. The group manages about EUR 2 billion of Real Estate assets across the Europe, including Germany, Italy and Spain.
Swiss Life Asset Managers is a leading real estate manager in Europe. Together with insurance assets for the Swiss Life Group, total assets under management and administration at Swiss Life Asset Managers stands at EUR 249,2 billion out of which EUR 97,5 billion are invested in Real Estate.