02 May Threestones Capital acquires its second property in North Rhine-Westphalia for TSC Fund – Eurocare IV
Threestones Capital acquires an additional nursing home facility located in Bad Münstereifel in the district of Euskirchen, North Rhine-Westphalia, Germany, for its TSC Fund - Eurocare IV investment vehicle.
The building named Haus Hardt has 5,001 sqm of leasable area with a total of 77 single and 7 double rooms, thus adding a further 91 beds to the growing portfolio of the fund.
“An excellent occupancy history and reputation of the facility in the area makes it a great addition to our portfolio, which now consists of 15 properties. We believe that increasing demand in full inpatient care and demographic trends in the region will add particular value to our fund”, says Beka Pipia, Portfolio Manager at Threestones Capital.
Bad Münstereifel has its own train station and is very well connected to the nearest larger cities, including Cologne, Bonn and Düsseldorf via public transport. The property is located in a quiet forest area and is predominantly surrounded by family houses.
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About Threestones Capital Management
Threestones Capital Management S.A. is an authorized Alternative Investment Fund Manager (AIFM) headquartered in Luxembourg. The company manages approximately EUR 2 billion in four PERE regulated investment vehicles under the supervision of the Luxembourg financial authorities (CSSF), in compliance with European financial regulations. Founded in 2009, Threestones Capital primarily focuses on real estate investments across Europe, targeting niche asset classes. The company’s investors are a diverse mix of private individuals and institutions.