Round Hill Capital, specialising in senior living real estate in Germany, announce the acquisition of Pflege-Residenz-Beuren, a senior living facility in Beuren, a spa town located around 30 kilometres south-east of Stuttgart. The transaction was undertaken by Round Hill Capital on behalf of a client investment strategy that aims to assemble a significant portfolio of senior living facilities in Germany, exploring opportunities created by lack of quality senior housing supply and an ageing demographic.
The total investment cost for the acquisition, including capex to improve the facility offering, increase the number of beds through the addition of an extension and develop a best-in-class service offering is €32 million.
Pflege-Residenz-Beuren currently has 132 care units set across two buildings constructed between 2001 and 2005. With the refurbishment of these buildings which will begin shortly after completion of the acquisition, and the construction of an adjacent extension commencing in 2025, the offering will expand to include a total of 166 single bed units and an assisted living area.
Source: Round Hill Capital On the 3rd of May 2023