Owner-managed investment management group Kingstone Real Estate has announced the launch of its healthcare property arm Kingstone Living & Care (KLC).
The new platform will focus on care properties, age-appropriate forms of living, medical offices, rehabilitation clinics and other healthcare facilities in Germany through both funds and separate accounts. The company intends to invest across the entire risk-return profile, from core to value-add properties.
Bärbel Schomberg, co-founder and managing partner of Kingstone Real Estate, will head KLC as managing director. In addition, Sabine Bergmann, an experienced healthcare specialist, has been hired as head of asset management.
The company expects to launch its first fund in the second half of 2021, with a focus on core properties throughout Germany. The first fund will be primarily aimed at German savings banks (Sparkassen), cooperative banks (Volksbanken and Raiffeisenbanken), insurance companies and pension funds.
‘This new healthcare investment platform from Kingstone Real Estate will provide our institutional clients with access to a market segment with an attractive risk-return profile which will play an ever greater future role,’ commented Bärbel Schomberg, who founded Kingstone together with Pegasus Capital Partners. ‘In order to invest successfully in healthcare real estate over the long term, you need a comprehensive understanding of the players in this segment. Our team brings together proven real estate investment expertise with in-depth knowledge of the German healthcare market.’
‘The healthcare property market is becoming increasingly important in Germany and elsewhere because of the challenges of demographic change,’ added Sabine Bergmann. ‘At the same time, investing in this sector is complicated. The entire market is heavily regulated, so a precise and detailed knowledge of the sector is essential for value-creating investments, particularly future-oriented care concepts and individualised living arrangements. Our mission and vision is to help shaping attractive future living and care possibilities for today’s sixty-year-olds as they prepare for their third phase of life in such a way that they can enjoy the benefits of both independent living and quality care.’
