TSC Eurocare IV 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 March 2021 and is accepting subscriptions from investors.
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 (20-25 years) indexed to CPI (inflation protection)
- Attractive acquisition yields (5 - 6% p.a.) compared to other developed markets
- Price per sqm (EUR 1,500 per sqm) lower than replacement cost