The Fund’s strategy was to selectively acquire nursing home properties leased with LT contracts to a number of leading healthcare operators and to sell them as a “portfolio” to an institutional investor within a 5-7 years period. The Fund aggregated a diversified portfolio of 14 quality nursing homes leased to 7 operators across Germany which was successfully sold to a European institutional investor for EUR 138 million in 2016, fully realizing the initially projected performance. The Fund achieved an overall return of 162% and in excess of 13% Net IRR.
Acquire yield generating senior housing properties in Germany, rented out under long term contracts to top tier nursing home operators.
A unique investment proposition combining current cash flow and capital appreciation in a growing and uncorrelated sector.
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 2010, has concluded the investment phase and today manages a portfolio of 14 properties.