Threestones Capital successfully closed one of the largest single transactions in the healthcare property market in Germany in recent years, acquiring a nursing home and assisted living complex in Dortmund, Germany. The asset is operated by Alloheim under a long term lease agreement. The property has 335 units divided in 138 care beds and 197 assisted living apartments on 26,000m². The purchase price was not disclosed.
The property was acquired for the Threestones Capital flagship fund TSC EUROCARE Real Estate Fund, investing in healthcare facilities across Europe with an investment volume of approx. €900m. The fund has so far invested in 39 facilities totalling 4700 beds.