TSC Real Estate, a specialist investment and asset manager in the healthcare property sector, has advised Threestones Capital Management's Eurocare IV fund on the strategic acquisition of an established retirement home near the prestigious Timmendorfer Strand on Germany's Baltic coast.
The prime asset, situated just 800 metres from one of Germany's most sought-after beaches, comprises over 13,000 m² of space with 154 residential units and 24 day care places. The facility offers a diverse mix of accommodation with one, two and three-room apartments ranging from 28 m² to 80 m², and has maintained exceptional occupancy rates for years. Despite being constructed in 1986, the property remains in excellent condition due to its comprehensive maintenance programme.
Maximilian Woiczikowsky, Director of Investment Management at TSC Real Estate, commented: "We are delighted to have augmented the portfolio with the purchase of this established assisted living retirement home at a very popular holiday destination within Germany. Together with the operator Clariane, we will manage the property properly in order to maintain its value, but also to carry out ESG-related and other projects to enhance value and set the property up for the future."
Berthold Becker, Managing Director of TSC Real Estate, added: "Following a successful year in 2024 and the recent purchase of the NOW portfolio, this acquisition allows us to extend our footprint in the highly sought-after and future-oriented assisted living market. In addition to traditional in-patient care, we will also continue our growth in the assisted living sector and expand our outpatient healthcare infrastructure in 2025."
The transaction, brokered by JLL, saw TSC Real Estate appointed as operating partner for the fund with comprehensive responsibilities including transaction consulting, asset and property management, ESG, technical management, accounting and SPV administration services. K&L Gates provided legal advice, Gleeds conducted technical due diligence, and Savills performed the valuation for the buyer.
- Maximilian Woiczikowsky, Director of Investment Management, TSC Real Estate
- Berthold Becker, Managing Director, TSC Real Estate
- TSC Real Estate - Healthcare property investment and asset management firm
- Threestones Capital Management - Investment manager specializing in healthcare real estate
- Clariane - Retirement home operator
- JLL - Commercial real estate services firm and transaction broker
- K&L Gates - Legal advisor
- Gleeds - Technical due diligence provider
- Savills - Property valuation firm
- Photo - copyright JLL
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