Stuttgart, 14th of June 2023 – AIF Capital Group has acquired a projected residential complex for assisted living for the open healthcare fund AIF Fürsorge I. The Stuttgart-based investment vehicle now comprises 14 properties. With the purchase in Weißenhorn, Bavaria, the specialist for regulated alternative investment funds is expanding the location and operator diversification of its healthcare fund. The residential facility is being sold by the project developer, illerSENIO Caritasverein Illertissen Betriebs GmbH from Vöhringen, which will also act as tenant and operator of the facility in the future. The parties have agreed not to disclose the purchase price.
The investment property is the realisation of a residential complex for assisted living with 52 residential units, which are spread over a total of four buildings. The property is located at Bodelschwinghstraße 1-7 in Weißenhorn and has a site area of around 4,300 m2.
The high-quality new building with a total rental area of around 4,050 m2 comprises modern two-room flats with an area of around 37 to 73 m², each with a balcony or terrace. A day care centre with social services is part of the overall concept. The residential complex also includes 26 parking spaces. Completion of the residential complex is planned for the end of 2023.
A long-term lease with an option to extend was concluded with illerSENIO Caritasverein Illertissen Betriebs GmbH as tenant and operator. The operating company belongs to the German Caritas Association and is one of the most established care providers in the region. With over 25,000 facilities, the Caritas Association is one of the largest welfare organisations in Germany and is considered one of the top operators in the assisted living sector.
Daniel Wolf, Managing Director of AIF Management GmbH, says: “In our investments for the AIF Fürsorge I fund, we focused on a mix of different living and care options for the older generation. The overall concept of high-quality assisted living flats with additional day care and social care is part of a balanced approach. With the acquired property in Weißenhorn, we are also expanding the geographical diversification of the portfolio to the federal state of Bavaria. We also continue to consistently focus on a high degree of operator diversification.”
Weißenhorn has around 13,000 inhabitants and is located in the Swabian district of Neu-Ulm, around twenty kilometres from Ulm. The newly acquired residential complex is centrally located in Weißenborn. All facilities for daily needs are in the immediate vicinity and can be reached on foot or by public transport in a few minutes. Weißenhorn is connected to the national transport network via the A7 and A8 motorways and the B28 trunk road.
AIF Capital was legally advised on the transaction by GSK Stockmann and on the technical due diligence by alea real. JLL was commissioned with a market value appraisal.
Source: illerSenio / Citrus3D
About AIF Capital Group
AIF Capital Group is a real estate manager and specialist in regulated alternative investment funds for institutional investors. As an investor, trustee, capital management company with BaFin license and as asset manager, the company offers investors high-yield investments in real estate and sustainable infrastructure. The company is a member of the ECORE and ICG sustainability initiatives and a signatory to the United Nations Principles for Responsible Investment (UN PRI). The group of companies was founded in 2006 by the private bank Ellwanger & Geiger and fully acquired in 2017 as part of a management buyout. The company stands for active real estate asset management and high service quality. The company employs around 50 experts and currently manages assets (AUM) worth around 1.3 billion Euro.
Disclaimer
This is marketing information. Please read the AIF information document before making any final investment decision.
It cannot be ruled out that the legal requirements and the administrative practice of the competent supervisory authorities will change, so that all or individual special investment funds will no longer qualify as a financial product that meets the requirements of the relevant provisions of the Disclosure Regulation.
This marketing information is for informational purposes only and should under no circumstances be construed as an offer or acquisition of trading in the real asset sector. Therefore, no guarantee is given and no liability is accepted for any loss or damage arising directly or indirectly from actions of the reader on the basis of information, statements or estimates contained in this marketing information.
The information contained herein, including statements or forecasts made, has been taken from sources we believe to be reliable, but no guarantee is given as to its accuracy, adequacy or completeness.
Some of the information contained in this marketing information may contain projections or other forward-looking statements about future events or future financial results of countries, markets or companies, and actual events or results may differ materially. Research or analysis that went into the preparation of this marketing information has been obtained by the Company for its own use and the Company may have acted on its basis for its own purposes. AIF Capital GmbH and all companies belonging to the group of companies accept no responsibility for any loss or damage arising from the use of this marketing information.
The information listed refers exclusively to the time of preparation of this information, a guarantee for the topicality and continued correctness can not be assumed. This information is protected by copyright, any duplication and commercial use is not permitted.
Press Contact
Samira Roll
+49 711 490579-53
presse@aif.capital
