Healthcare real estate manager Elevation Advisors has launched a European senior living investment platform with a €150m cornerstone equity commitment from an institutional investor.
The new vehicle, European Senior Living (ESL), plans to deploy up to €600m into modern care homes and assisted-living assets across Germany. The strategy targets purpose-built, inflation-linked social infrastructure assets leased to established operators.
ESL has agreed its seed transaction, acquiring a portfolio of nine care homes and 40 assisted-living apartments in North and West Germany leased to Alloheim.
Andrea Auteri, managing partner at Elevation, said: “The launch of ESL is an important milestone in Elevation’s European growth. It also reflects our conviction that the senior living market presents deep undersupply characteristics, less of the affordability pressure evident in other living categories, and compelling opportunities to deliver positive social impact.
“Germany’s senior living market combines strong long-term demand with a clear need for modern, fit-for-purpose real estate. ESL gives us the capacity to invest with a long-term perspective, working alongside experienced operators to create resilient portfolios and support the necessary development of essential care infrastructure.”
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