Disclaimer: Qore is not a financial advisor, any content of this webpage is explicitly not investment advice and does not constitute an offer or solicitation to offer or recommendation of any investment product. Qore is solely building awareness for educational purposes for the German real estate market.
German Senior Homes: Customised Portfolio
Acquisition of a German Portfolio of 15 existing Properties with an experienced Asset Management Team with access to a broader Pipeline. Available as (i) Direct Investment or (ii) by an existing SCS SICAV-RAIF (Umbrella-Structure) with track record.
An Opportunity for Pension Funds and Family Offices looking for stable income, low acquisition and management costs.
German Senior Housing Market: Immense demand, extremely short supply
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By 2040, the demand for care properties will rise, with the number of people needing care increasing from 3.5 to 4.4 million, and households with senior citizens growing from 12 to 15.6 million.
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>400.000 apartments/rooms are needed as of today
Market Opportunity: German Property Prices at a low Valuations
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Using the current low-cost acquisition market situation and purchasing existing assets for an attractive price
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Acquiring a portfolio of existing, cashflow-generating assets. value creation through operational excellence and cost optimization
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Potentially exit the entire real estate portfolio in 5 years* on a higher multiple (*at the full discretion of the investor together with the management)
All Properties are Existing, Cashflow-generating Properties
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Focused on investing in existing care facilities with stable rental income.
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Properties undergo rigorous selection criteria and external appraisal.
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They typically include integrated systems like assisted living or medical centers, emphasizing sustainability and single room occupancy.
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The acquisition is facilitated by trusted real estate partners with extensive experience and strong reputations.
Case example
A customised Portfolio for a Single Investor who is looking for high-quality management who is familiar with the properties.
A Strategy that can be customised to the Investor's requirements. With decades of experience, the management partners are in the position of sourcing, acquiring and managing the properties for the qualified investor.
Property location requirements
•Germany
•Indirectly state-secured income through growing cities and municipalities
•Catchment area > 10,000 inhabitants
•Long-term care requirements
•"Sustainable" lease / no overrent
•Urban environment, residential development
•Good infrastructure, connection to public transport
•Local amenities available
Operator Criteria
•Creditreform creditworthiness index > 270BWA and annual financial statement evaluation
•Multi-year management experience
•Operation of at least three facilities
•Positive MDK assessment
•Remaining term > 15 years Double-Net
•Information obligations
•Indexing
Asset Criteria
•Focus on inpatient care facilities with assisted living, medical centers, MVZ, rehab
•At least 80 care places
•Maximum 160 care places
•Appropriate proportion of single rooms (target 75%)
•New buildings, or Restructured facilities with a conceptual approach
•Sustainable existing properties
•Federal level (SGB / HeimMindBauV, state home laws / DVO, etc.)
Targeted timeline in line with market projections
Mai-July 2024
September 2024
October 2024
Holding period (TBD)
Dataroom for investors open, Due Diligence process, MoU signed
Acquisition process closing
Portfolio Management with fully integrated Properties
Potential Portfolio Resale (LP Investor's sole decision)
