Carestone Group, a Germany-based market development platform specialized in senior housing and care homes, has agreed to sell a portfolio of nine facilities for €168 million ($179 million) as it actively diversifies revenue streams under its growth strategy.
The portfolio comprises six standing assets and three more facilities under development. Combined, they will provide a total of 1,000 senior living units with assisted living, day care and inpatient care provided on-site, as well as space for care managers and facility administration. The nine properties are located in the regions of Saxony, Saxony-Anhalt, Hesse, North Rhine-Westphalia and Baden-Wuerttemberg, providing exposure at scale to Germany’s senior living market, where properties generate attractive, long-term incomes.
The transaction emphasizes how Carestone is stepping up sales to institutional investors as part of a revenue diversification strategy that adds to its sales to individual investors. As G
