TSC Real Estate has advised the Eurocare IV fund managed by Threestones Capital Management on the purchase of a portfolio comprising 5 care homes. The properties offering a total of over 460 in-patient care places and a number of assisted living apartments are located in the towns of Schwerin, Wilhelmshaven, Edemissen, Scheessel and Grossenbrode in northern Germany. TSC Real Estate is acting as an operating partner in Germany and has been instructed with the long-term transaction consulting, asset and property management, ESG management, technical management, accounting and SPV administration services.
The individual properties are all in highly-demanded size categories for the respective locations, well managed and long-term leased to high-profile and well established operators.
“Following a number of large-scale acquisitions in 2024, we are now delighted to start 2025 with a successfully completed transaction. We have applied our standardised 9-phase management process to the properties, and initial technical projects to upgrade building quality are already in planning stage or under way. This also includes extensive ESG-specific projects in as much as these are practicable and economically feasible,” explains Maximilian Woiczikowsky, Director of Investment Management at TSC Real Estate.
“With a purchase volume of almost €400 million, 2024 was already an extremely successful transaction year for us. We will be continuing this seamlessly over the current year and have big plans for the future.
We are seeing growing interest from national and particularly also international investors in the German healthcare market,” continues Berthold Becker, Managing Director of TSC Real Estate.