Threestones Capital has sold its care homes portfolio to Swiss Life Asset Managers for €425m. The divested portfolio consists of 27 healthcare properties across Germany rented out to German and Pan-European operators under long term (LT) rental contracts. With this transaction, Threestones Capital successfully completes the exit of yet another Healthcare fund (TSC FUND - GEFCARE REAL ESTATE FUND SICAV-FIS) returning the target performance of 13% net IRR to investors, consistently positioning the firm as a top performer in its real estate investment category (core/core+).
The company is continuing to grow its exceptionally successful Healthcare fund series with its newly launched TSC FUND - EUROCARE IV SICAV-FIS, targeting €600-800m AUM.
