Community services specialist Hemsö has acquired a portfolio of four nursing homes in Kiel, Rehren, Bonn and Nittenau for a total investment of €40 mln. The seller was a German fund manager.
The acquisition, comprising a total of 275 beds and 75 senior housing apartments, brings Hemsö’s portfolio in Germany up to 37 properties with a market value of approximately €350 mln.
Hemsö said that its strategy for the German market was to acquire nursing homes in growing cities. By acquiring properties in two new states, Bayern and Schleswig-Holstein and adding two new operators, Seniorenresidenz Rheinallee and Compassio, Hemsö increases its German exposure and broadens the geographical and operational diversification of its portfolio. The property in Bonn comprises 75 senior housing apartments, adding to Hemsö’s existing portfolio in this segment.
The portfolio's tenants comprise the private nursing home operators of Senator (Alloheim Gruppe), Medicare (Orpea), Seniorenresidenz Rheinallee and Compassio. The weighted average lease duration of the portfolio is 14.7 years.
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