Spanish real estate investment trust (socimi) Adriano Care has invested €35m to acquire two new nursing home assets.
The listed firm, managed by Madrid-based European private equity real estate manager azora, said it has acquired a 118-bed asset in Santander, in the central district of Puerto Chico a 180-bed asset in Sant Cugat.
The latest deal lifts the total amount Adriano has invested this year to more than €100m. The company said it targets a total portfolio of 22 assets and 2,875 beds worth over €235m in value, including committed investment in developments.
Concha Osácar, founding partner of Azora, said: “Adriano Care remains committed to addressing the growing need for housing solutions associated with an ageing population, adapted to the needs of our seniors and to new real estate trends.
“With these two new acquisitions, the socimi is making progress in consolidating its portfolio with the aim of completing its investment commitment in the coming months, in line with its objectives.”
To read the latest edition of the latest IPE Real Assets magazine click here.
